Top 10 Banks in the World by Market Capitalization

JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd, Bank of America Corp, China Construction Bank Corp, and Agricultural Bank of China Ltd are the top 5 Global Banks in 2023 by market capitalization (as of Mar 31, 2023). Comprehensively, the top 10 Global banks companies in the world had a total market cap of $1,879,696 million (as of Mar 31, 2023), with JPMorgan Chase & Co having the highest ($383,549 million), followed by Industrial and Commercial Bank of China Ltd ($235,043 million), and Bank of America Corp ($228,780 million), while Royal Bank of Canada is the lowest ($132,542 million). The United States-based JPMorgan Chase & Co is the world’s leading bank by market cap. The company reported revenues of $154,792 million for the fiscal year ended December 2022 (FY2022), an increase of 60.4% over FY2021. The company includes certain commercial banking services such as corporate client banking; government, not-for-profit, and healthcare banking. It employs 293,723 people. Industrial and Commercial Bank of China Ltd is another leading bank in the world by market cap. The company reported revenues of $228,866 million for the fiscal year ended December 2022 (FY2022), an increase of 30.68% over FY2021. It is a provider of a range of personal and commercial banking, wealth management, and treasury management services. Its portfolio of offerings comprises personal and corporate deposits, personal and corporate loans, debit and credit cards, and investment funds, and employs 427,587 people.