Biggest Banks: These Are The Largest Financial Services Companies In The World 2019

With a market cap of $368.5 billion, JPMorgan Chase still comes out on top as the largest bank in the world, followed by the Industrial & Commercial Bank of China and Bank of America. On the list of the top ten biggest banks, only four of them were American, with one from the United Kingdom, and the rest were Chinese.

China’s “Big Four” state-backed banks — Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Agricultural Bank of China Ltd. and Bank of China Ltd. — again swept the top four spots, with a combined market cap of $870.1 billion. China’s banking behemoths continued to expand, U.S. banks were more efficient in the use of their assets against their global peers, Dr. Amarendra Bhushan Dhiraj, Editorial Director at the CEOWORLD magazine said. Interestingly, the top ten banks by market cap remained the same year over year. British bank HSBC Holdings is still the top largest bank in Europe, with a market capitalization of $197 billion.

Eight of the top 20 biggest banks are headquartered in the United States and collectively had $1363.7 billion in market capitalization. China had the next highest number with 5 banks in the top 20 with a combined market cap of $1000.5 billion, followed by Canada with two banks in the top 20 largest banks in the world, with a combined market cap of $218.7 billion.

These Are The Largest Financial Services Companies In The World 2019:

1. JPMorgan Chase
   Country: United States
   CEO: Jamie Dimon
   Market capitalization: $368.5 billion
2. Industrial & Commercial Bank of China Ltd. (ICBC)
   Country: China
   CEO: Shu Gu
   Market capitalization: $305.1 billion
3. Bank of America
   Country: United States
   CEO: Brian T. Moynihan
   Market capitalization: $287.3 billion
4. China Construction Bank
   Country: China
   CEO: Wang Zuji
   Market capitalization: $225 billion
5. Wells Fargo
   Country: United States
   CEO: Timothy Allen Sloan
   Market capitalization: $214 billion
6. Agricultural Bank of China
   Country: China
   CEO: Huan Zhao
   Market capitalization: $197 billion
7. HSBC Holdings
   Country: United Kingdom
   CEO: John M. Flint
   Market capitalization: $175.5 billion
8. Citigroup
   Country: United States
   CEO: Michael L. Louis Corbat
   Market capitalization: $161 billion
9. Bank of China
   Country: China
   CEO: Chen Siqing
   Market capitalization: $143 billion
10. China Merchants Bank
    Country: China
    CEO: Huiyu Tian
    Market capitalization: $130.4 billion
11. Royal Bank of Canada
    Country: Canada
    CEO: Dave McKay
    Market capitalization: $114.9 billion
12. TD Bank Group
    Country: Canada
    CEO: Bharat B. Masrani
    Market capitalization: $103.8 billion
13. American Express
    Country: United States
    CEO: Stephen J. Squeri
    Market capitalization: $95.3 billion
14. Commonwealth Bank
    Country: Australia
    CEO: Matthew Comyn
    Market capitalization: $92.8 billion
15. Santander
    Country: Spain
    CEO: José Antonio Alvarez
    Market capitalization: $84.1 billion
16. US Bancorp
    Country: United States
    CEO: Andrew J. Cecere
    Market capitalization: $81.9 billion
17. Itaú Unibanco Holding
    Country: Brazil
    CEO: Candido Botelho Bracher
    Market capitalization: $80.8 billion
18. Morgan Stanley
    Country: United States
    CEO: James Patrick Patrick Gorman
    Market capitalization: $80.2 billion
19. Sberbank
    Country: Russia
    CEO: Herman Oskarovich Gref
    Market capitalization: $78.5 billion
20. Goldman Sachs Group
    Country: United States
    CEO: David Michael Solomon
    Market capitalization: $75.5 billion
21. BNP Paribas
    Country: France
    CEO: Jean-Laurent Bonnafé
    Market capitalization: $68.7 billion
22. Banco Bradesco
    Country: Brazil
    CEO: Octávio de Lazari
    Market capitalization: $70.7 billion
23. Bank of Nova Scotia
    Country: Canada
    CEO: Brian Johnston Porter
    Market capitalization: $67.1 billion
24. Westpac Banking Group
    Country: Australia
    CEO: Brian Hartzer
    Market capitalization: $66 billion
25. Mitsubishi UFJ Financial
    Country: Japan
    CEO: Nobuyuki Hirano
    Market capitalization: $65 billion
26. Bank of Communications
    Country: China
    CEO: Peng Chun
    Market capitalization: $63.6 billion
27. Industrial Bank
    Country: China
    CEO: Yiping Tao
    Market capitalization: $62.46 billion
28. Lloyds Banking Group
    Country: United Kingdom
    CEO: António Horta-Osório
    Market capitalization: $60.9 billion
29. Prudential Plc
    Country: United Kingdom
    CEO: Charles Lowrey
    Market capitalization: $60.2 billion
30. ANZ – Australia & New Zealand Banking Group
    Country: Australia
    CEO: Shayne Cary Elliott
    Market capitalization: $54 billion
31. ING Group
    Country: Netherlands
    CEO: Ralph A. J. G. Hamers
    Market capitalization: $52.7 billion
32. Shanghai Pudong Development
    Country: China
    CEO: Guo Fu Gao
    Market capitalization: $52.1 billion
33. UBS Group AG
    Country: Switzerland
    CEO: Sergio P. Ermotti
    Market capitalization: $49 billion
34. Postal Savings Bank Of China (PSBC)
    Country: China
    CEO: Jiajin Lyu
    Market capitalization: $48.8 billion
35. China Citic Bank
    Country: China
    CEO: Qing Guan
    Market capitalization: $42.9 billion
36. Mizuho Financial
    Country: Japan
    CEO: Koji Fujiwara
    Market capitalization: $39.8 billion
37. Credit Agricole
    Country: France
    CEO: Dominique Lefebvre
    Market capitalization: $38.4 billion
38. China Minsheng Banking
    Country: China
    CEO: Qi Hong
    Market capitalization: $33.9 billion

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