Listed below are the biggest banks in the world based on market capitalization. JPMorgan Chase, a U.S. financial institution, is the world's largest bank with a market capitalization of $434 billion. Bank of America Corporation ranks second in the list with a market value of $307 billion. The five largest banks include three U.S. lenders and two Chinese financial institutions. The highest-ranked European bank is UK based HSBC Holdings at 8th place.

Rank Bank Country Market cap, US$b (January 2020)
1 JP Morgan Chase & Co US 433.5 B
2 Bank of America US 306.7 B
3 Industrial & Commercial Bank of China China 290.9 B
4 China Construction Bank China 218.4 B
5 Wells Fargo & Co US 203.3 B
6 Agricultural Bank of China China 178.8 B
7 Citigroup Inc US 171.5 B
8 HSBC Holdings UK 157.5 B
9 Bank of China China 146.6 B
10 China Merchants Bank China 137.7 B
11 Royal Bank of Canada Canada 116.6 B
12 HDFC Bank Ltd India 112.7 B
13 Toronto-Dominion Bank Canada 103.3 B
14 Commonwealth Bank of Australia Australia 101.6 B
15 Morgan Stanley US 93.09 B
16 Sberbank of Russia Russia 92.82 B
17 Goldman Sachs Group US 91.97 B
18 US Bancorp US 84.91 B
19 Itau Unibanco Holding Brazil 76.29 B
20 Truist Financial Corp US 75.50 B
21 Mitsubishi UFJ Financial Group (MUFG) Japan 72.39 B
22 BNP Paribas France 69.83 B
23 Postal Savings Bank of China China 68.29 B
24 Banco Santander Spain 67.80 B
25 Bank of Nova Scotia Canada 67.45 B
26 Banco Bradesco Brazil 66.49 B
27 PNC Financial Services US 66.41 B
28 Westpac Banking Corporation Australia 62.27 B
29 Charles Schwab Corp US 62.10 B
30 Bank Central Asia Tbk Indonesia 61.51 B
31 Industrial Bank Co China 57.71 B
32 Bank of Communications China 55.88 B
33 Lloyds Banking Group UK 53.07 B
34 Qatar National Bank Qatar 52.62 B
35 Shanghai Pudong Development Bank China 51.65 B
36 National Australia Bank Australia 51.64 B
37 Bank of Montreal (BMO) Canada 50.76 B
38 UBS Group AG Switzerland 50.71 B
39 DBS Group Holdings Singapore 49.96 B
40 Australia & New Zealand Banking Australia 49.78 B
41 Sumitomo Mitsui Financial Japan 49.57 B
42 Capital One Financial US 48.50 B
43 ICICI Bank Limited India 48.07 B
44 ING Group Netherlands 46.02 B
45 Intesa Sanpaolo Italy 45.28 B
46 Ping An Bank Co Ltd China 45.23 B
47 Al Rajhi Bank Saudi Arabia 44.01 B
48 Hang Seng Bank Hong Kong 43.19 B
49 Japan Post Bank Japan 42.15 B
50 Bank of New York Mellon US 41.59 B
51 Credit Agricole SA France 40.91 B
52 State Bank of India India 40.06 B
53 Barclays Plc UK 39.49 B
54 BOC Hong Kong Holdings Hong Kong 39.30 B
55 Bank Rakyat Indonesia Indonesia 39.10 B
56 China Minsheng Banking Corp China 38.32 B
57 Mizuho Financial Group Japan 38.22 B
58 China Citic Bank China 37.92 B
59 National Commercial Bank Saudi Arabia 37.63 B
60 Canadian Imperial Bank of Commerce Canada 37.09 B

Data as of January 21, 2020.