Top 10 Banks by Market Capitalization in the World

Banks are frequently used by the public for saving and conducting financial transactions. It's no surprise that the banking industry is a rapidly growing sector.

Among the world's leading banks, 10 of the largest banking companies have achieved the highest market capitalization. According to data from companiesmarketcap.com, JPMorgan Chase is currently the banking company with the largest market capitalization, reaching US$ 452.89 billion.

JPMorgan Chase & Co. is a multinational financial services and investment banking holding company headquartered in New York City. JPMorgan Chase is also one of the four largest banks in the United States, along with Bank of America, Citigroup, and Wells Fargo.

Bank of America holds the next position with a market capitalization of US$ 389.99 billion, followed by ICBC at US$ 252.64 billion. Wells Fargo and CM Bank follow with market capitalizations of US$ 221.9 billion and US$ 198.87 billion, respectively.

Other banking companies with large market capitalizations include China Construction Bank (US$ 194.64 billion), Morgan Stanley (US$ 184.48 billion), Charles Schwab (US$ 173.74 billion), Royal Bank of Canada (US$ 163.99 billion), and Agricultural Bank of China (US$ 160.16 billion).

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