Largest Banks In The World

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2 July 2024

With several financial institutions in charge of trillions of dollars worth of assets, the banking industry is extensively present across the globe


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Many of the world's top banks are controlled by larger bank-holding firms, which do more than just provide financial services


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Here is a look at the top 10 largest banks in the world by market cap in 2024


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JP Morgan Chase is the top bank with a market cap of $571.95 billion


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Bank of America is second on the list with $306.94 billion in market cap


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China's ICBC and Agricultural Bank of China are next on the list with  a market cap of $267.34 billion and $203.75 billion respectively


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Wells Fargo, headquartered in California, is the fifth largest bank in the world with $200.18 billion cap


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China's Construction Bank and Bank of China are next on the list. Both are headquartered in Beijing


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HDFC Bank is the only Indian bank to feature on the list. It has a market cap of $164.51 billion


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UK's HSBC and Morgan Stanley, based in the US, rank ninth and tenth on the list respectively


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 ndtv.com