The performance highlights of the Top 25 publicly traded global banking institutions by Market Cap (Mcap) for the quarter ended June 30, 2018 (Q2), compared to the quarter ended March 31, 2018 (Q1), have been analyzed in the latest research from GlobalData, a leading data and analytics company. The completed analysis revealed a number of interesting insights.
The top 10 players in Q1 2018 remained unchanged in Q2 2018, with JPMorgan maintaining its No.1 position. The aggregate Mcap of the top 25 banking institutions declined 5.5% to US$3.5tn in Q2 2018, from US$3.7tn at the end of Q1 2018.
Eighteen of the top 25 banks witnessed negative Mcap growth in Q2 2018, with eight of them, the Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Banco Santander, Itau Unibanco, Sberbank Rossii, BNP Paribas and PNC Financial, declining by more than double digits. The escalating trade war between the US, China and the EU adversely affected bank stocks in the quarter.
Of the seven banks reporting Mcap growth, HDFC Bank was the only player to achieve double-digit growth at 12%.
Geographically, APAC holds 11 players, followed by North America with 9, Europe with 4 and South and Central America 1. All regions reported Mcap decline with South and Central America falling the most with a 56% fall in value due to the exit of Bradesco from the top 25 after a 32% decline in its Mcap.
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Notes to Editors
The source data for this analysis has been taken from global stock exchange latest share price and market cap valuations together with end of year numbers from the companies own latest annual reports.
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