The 30 Largest Banks in the World

Listed below are the biggest banks in the world ranked by market capitalization. JPMorgan Chase, a U.S. financial institution, is the largest bank by market value. Bank of America Corporation is ranked second with a market cap of over $295 billion. The ten largest banks include four U.S. banks and four Chinese banks. HSBC Holdings is the highest ranked European bank.

 Rank Bank Country Market Capitalization (US$B)
1 J.P. Morgan Chase USA 573.5
2 Bank of America USA 295.7
3 ICBC China 242.5
4 Wells Fargo USA 207.4
5 Agricultural Bank of China China 201.3
6 Bank of China China 162.4
7 China Construction Bank China 158.3
8 Morgan Stanley USA 152.7
9 HSBC Holdings UK 150.1
10 Royal Bank of Canada Canada 142.6
11 HDFC Bank India 141.2
12 Goldman Sachs USA 134.5
13 Charles Schwab USA 131.0
14 Commonwealth Bank Australia 129.5
15 Mitsubishi UFJ Financial Japan 123.9
16 Citigroup USA 117.6
17 China Merchants Bank China 107.0
18 Toronto Dominion Bank Canada 106.5
19 UBS Group AG Switzerland 100.3
20 Al Rajhi Bank Saudi Arabia 93.91
21 ICICI Bank India 91.18
22 State Bank of India India 79.89
23 Bank Central Asia Indonesia 79.44
24 BNP Paribas France 77.88
25 Sumitomo Mitsui Financial Japan 77.09
26 Santander Spain 71.82
27 National Australia Bank Australia 70.53
28 Bank of Montreal Canada 69.96
29 Sberbank Russia 72.97
30 U.S. Bancorp USA 69.19
31 DBS Group Singapore 68.14
32 BBVA Spain 67.92
33 Itau Unibanco Brazil 67.17
34 Intesa Sanpaolo Italy 65.42

Market capitalization as of March 21, 2024