Here is a list of the world’s largest banks based on market value. Wells Fargo ranks number one in the list with market capitalization of more than $250 billion. Industrial & Commercial Bank of China (ICBC) is the second largest bank in the world with market value of over $225 billion. It’s also the world’s largest bank by assets and deposits, $3.62 trillion and $2.63 trillion (6/2015), respectively.
Rank | Bank | Country | Market cap, US$b (March 11, 2016) |
1 | Wells Fargo & Co | US | 254.19B |
2 | Industrial & Commercial Bank of China (ICBC) | China | 226.55B |
3 | JP Morgan Chase & Co | US | 217.79B |
4 | China Construction Bank | China | 155.97B |
5 | Agricultural Bank of China | China | 155.04B |
6 | Bank of China | China | 144.16B |
7 | Bank of America | US | 142.39B |
8 | HSBC Holdings | UK | 128.91B |
9 | Citigroup Inc | US | 126.74B |
10 | Commonwealth Bank of Australia | Australia | 99.69B |
11 | Westpac Banking Corporation | Australia | 83.53B |
12 | Royal Bank of Canada | Canada | 83.36B |
13 | Toronto-Dominion Bank | Canada | 77.11B |
14 | Lloyds Banking Group | UK | 73.777 |
15 | Banco Santander | Spain | 71.16B |
16 | US Bancorp | US | 70.24B |
17 | Mitsubishi UFJ Financial Group (MUFG) | Japan | 69.43B |
18 | Goldman Sachs Group | US | 67.91B |
19 | UBS Group AG | Switzerland | 65.33B |
20 | BNP Paribas | France | 62.60B |
21 | China Merchants Bank | China | 59.17B |
22 | Bank of Nova Scotia (Scotiabank) | Canada | 56.62B |
23 | Australia & New Zealand Banking (ANZ) | Australia | 56.48B |
24 | National Australia Bank | Australia | 56.27B |
25 | Bank of Communications | China | 55.08B |
26 | Intesa Sanpaolo | Italy | 51.40B |
27 | Itau Unibanco Holding | Brazil | 51.007 |
28 | Morgan Stanley | US | 50.92B |
29 | Shanghai Pudong Development Bank | China | 48.71B |
30 | HDFC Bank Limited | India | 48.45B |
31 | China Minsheng Banking Corp (CMBC) | China | 47.67B |
32 | BBVA | Spain | 46.60B |
33 | Sumitomo Mitsui Financial | Japan | 45.53B |
34 | Industrial Bank Co | China | 44.48B |
35 | Nordea Bank | Sweden | 44.19B |
36 | PNC Financial Services | US | 43.30B |
37 | Banco Bradesco | Brazil | 40.87B |
38 | Bank of New York Mellon | US | 40.62B |
39 | Barclays Plc | UK | 40.60B |
40 | Mizuho Financial Group | Japan | 39.95B |
41 | China Citic Bank | China | 39.41B |
42 | Royal Bank of Scotland Group | UK | 38.94B |
43 | Bank of Montreal (BMO) | Canada | 38.05B |
44 | Capital One Financial | US | 37.46B |
45 | Charles Schwab | US | 37.24B |
46 | Sberbank of Russia | Russia | 36.43B |
47 | Societe Generale | France | 33.02B |
48 | Hang Seng Bank | Hong Kong | 32.49B |
49 | Credit Agricole SA | France | 31.36B |
50 | Credit Suisse Group | Switzerland | 31.18B |
51 | BOC Hong Kong | Hong Kong | 29.73B |
52 | Danske Bank A/S | Denmark | 29.22B |
53 | Canadian Imperial Bank of Commerce | Canada | 28.97B |
54 | Deutsche Bank AG | Germany | 28.43B |
55 | DBS Group Holdings | Singapore | 28.20B |
56 | UniCredit SpA | Italy | 27.02B |
57 | BB&T Corp | US | 26.89B |
58 | Svenska Handelsbanken | Sweden | 26.84B |
59 | Oversea-Chinese Banking Corp | Singapore | 26.14B |
60 | PT Bank Central Asia | Indonesia | 25.94B |
61 | China Everbright Bank | China | 25.61B |
62 | Swedbank | Sweden | 25.39B |
63 | Skandinaviska Enskilda Banken (SEB) | Sweden | 24.14B |
64 | State Street Corp | US | 23.18B |
65 | Ping An Bank Co Ltd | China | 22.37B |