Top 10 Biggest Banks in the World

 🌍 Top 10 Biggest Banks in the World (2025 Edition)

The biggest banks in the financial industry have a significant impact both domestically and internationally. Their reach goes far beyond standard banking services, and they cater to a wide range of customers, from regular savers to large enterprises.

In recent decades, banking has experienced a significant upheaval. The best banks of today are intricate organizations that make it difficult to distinguish between investment and commercial banking. In addition to making loans and keeping deposits, they often offer trading services, underwrite stock offers, and offer advice on risky mergers and acquisitions.

One indicator of the real banking titans is market capitalization. This statistic is market capitalization. This statistic represents the market's evaluation of a bank's total worth and is determined by multiplying the stock price of the company by the number of outstanding shares. The figure captures a company's potential for the future as well as its current performance.

Important Takeaways

These top 10 banks's enormous size highlights their systemic significance to the world economy. Their stability and well-being have repercussions that extend well beyond the financial industry.

According to market capitalization, JP Morgan Chase, Bank of America, Agricultural Bank of China, Industrial and Commercial Bank of China, and Wells Fargo are the top five banks. 

Because of the global nature of the banking sector and the significance of international financial hubs, the list features banks from a variety of nations, including the United States, China, Canada, and Australia.

A clear indicator of China's increasing economic influence is the inclusion of several Chinese banks in this top ten list.

Top 10 Banks Worldwide by Market capitalization

1. JP Morgan Chase -------------------------------------------------------------------------$764.25B

2. Industrial and Commercial Bank of China Ltd. ----------------------------------------- $364.88B

3. Bank of America -------------------------------------------------------------------------- $342.7B

4. Agricultural Bank of China ---------------------------------------------------------------$280.4B

5. China Construction Bank Corp -----------------------------------------------------------$249.46B

6. Wells Fargo --------------------------------------------------------------------------------$245.37B

7. Bank of China Ltd. -------------------------------------------------------------------------$235.11B

8. Commonwealth Bank of Australia --------------------------------------------------------$197.71B

9. Royal Bank of Canada ---------------------------------------------------------------------$179.12B

10. HSBC Holdings ---------------------------------------------------------------------------$151.59B

1. JP Morgan Chase & Co. (JPM).

Market Capitalization	$634.3B
Revenue TTM	$173.22B
Net Income TTM	$53.77B

With a market valuation of more than $600 billion, nearly twice that of its nearest rival, JPMorgan dominates the banking industry. This New York City-based financial behemoth provides services in the areas of asset management, commercial and investment banking, and consumer banking. Even in difficult economic times, JPMorgan has continuously produced solid financial results under the direction of CEO Jamie Dimon.

The bank has an advantage in digital banking trends because of its size, which enables it to make significant investments in technology. But like any big bank, JP Morgan Chase needs to deal with constant obstacles like cybersecurity risks, regulatory scrutiny, and the need to adjust to the quickly shifting financial services consumer expectations. One

2. Bank of America Corp. (BAC).

Market Capitalization	$320.42B
Revenue TTM	$94.63B
Net Income TTM	$23.61B

 Among the biggest banks in the world, Bank of America is ranked second with a market valuation of more than $300 billion. The institution, situated in Charlotte, North Carolina, caters to a wide range of customers, including institutional investors, big businesses, and individual consumers. Bank of America has concentrated on increasing its digital banking capabilities and optimizing operations under CEO Brian Moynihan.

In an increasingly digitized financial environment, Bank of America, like its peers, continues to struggle to navigate complicated regulations and adjust to changing client expectations. It held $2.40 trillion of its $2.54 trillion in assets in the United States in 2023.

3. Industrial and Commercial Bank of China Ltd. (IDCBY)

Market Capitalization	$300.66B
Revenue TTM	$104.26B
Net Income TTM	$46.37B

 In terms of gross revenues and total assets under management, the Industrial and Commercial Bank of China is among the biggest banks globally. ICBC is the biggest lender in China and plays a crucial role in the financial system and economic growth of the nation. Corporate and personal banking, asset management, and treasury operations are just a few of the many services the bank provides.

ICBC's success has been aided by its extensive domestic branch network and expanding global footprint. The bank does, however, have particular difficulties in the Chinese market, including the impact of the government on lending policies and worries about nonperforming loans in particular industries.

4. Agricultural Bank of China (ACGBY).

Market Capitalization	$300.66B
Revenue TTM	$104.26B
Net Income TTM	$46.37B

 With a market valuation of more than $200 billion, Agricultural Bank of China is the fourth-largest bank in the world. One of the "Big Four" state-owned banks in China, it has long aided the nation's agricultural and rural development. Since then, though, ACGBY has expanded to offer a wide range of financial and commercial banking services.

Although the bank has a distinct position in China's financial landscape thanks to its vast rural branch network, efficiency issues and nonperforming loans are also problems. Future growth for the bank might rely on striking a balance between expanding into more profitable urban sectors and offering digital banking services while maintaining its historic rural focus.

  5. Bank of China Ltd. (BACHY)

Market Capitalization	$205.8B
Revenue TTM	$80.93B
Net Income TTM	$29.93B

With a rich history that dates back to 1912, BACHY is the oldest bank in mainland China. Among other things, the bank has traditionally overseen China's foreign exchange operations and international trade settlement. Today, it is a state-owned commercial bank that provides investment, personal, and corporate banking services.

Being the most globally minded of China's state-owned banks, it plays a key role in the country's cross-border investment and trade operations and has a sizable presence in important global financial hubs. The bank has extended its presence throughout Asia, Europe, and Africa by actively supporting China's Belt and Road Initiative.

6. China Construction Bank Corp. (CICHY).

Market Capitalization	$201.31B
Revenue TTM	$97B
Net Income TTM	$42.38B

 

CICHY, one of the "Big Four" state-owned banks in China, initially concentrated on providing capital for major infrastructure projects. Since then, the bank has expanded to provide a wide range of financial and commercial banking services. It has been growing its global reach and is also well-established in China's cities.

With significant investments in digital banking, blockchain, AI, and even robotics, the bank has been at the front of China's financial technology revolution.

CICHY, like other Chinese banks, must contend with issues such as possible exposure to China's real estate market and government control over lending policies. 

"Overview." China Construction Bank.

7. Wells Fargo & Co. (WFC).

Market Capitalization	$216.39B
Revenue TTM	$81.33B
Net Income TTM	$18.09B

 

With a market capitalization of just under $200 billion, Wells Fargo has a storied history dating back to the California Gold Rush. In the last decade, it has faced significant challenges. Once known for its strong customer relationships and cross-selling prowess, Wells Fargo has been working to rebuild its reputation following a major account fraud scandal revealed in 2016. Under new leadership, the bank has undergone extensive restructuring, put in place enhanced risk management practices, and invested heavily in regulatory compliance.

Wells Fargo recently sold off several divisions to concentrate on more lucrative areas of business. In 2023 alone, the bank let go of its Wells Fargo Asset Management, its Corporate Trust Services business, and its student loan portfolio, among lines of business. It also stopped originating personal lines of credit.

The bank has shown signs of financial improvement, reporting increased profits and revenue in recent quarters. Despite progress, Wells Fargo continues to face regulatory scrutiny and fines. In September 2024, for example, a court ruling allowed a shareholder lawsuit to proceed, alleging that the bank's board failed to properly oversee discriminatory lending practices.

8. Royal Bank of Canada (RY).

Market Capitalization	$172.29B
Revenue TTM	$112.88B
Net Income TTM	$16.14B

 

By market capitalization and assets, RY is the biggest bank in Canada. It provides a wide range of financial services, such as capital markets services, wealth management, insurance, and personal and business banking. The bank has been growing its activities abroad, especially in the United States, and maintains a strong domestic presence.

In order to improve its technology capabilities, the bank has made significant investments in fintech partnerships and digital transformation in recent years. Although RY has a stable regulatory environment as a large player in the relatively confined Canadian banking market, it finds it difficult to identify new growth opportunities.

With the completion of its acquisition of HSBC Canada in early 2024, RBC greatly increased the size of its clientele and branch network in the nation. RBC's position in the Canadian banking industry is strengthened by this acquisition, which also offers prospects for expansion in wealth management and commercial banking.

9.HSBC Holdings (HSBC).

Based in London, the United Kingdom, the Hong Kong and Shanghai Banking Corporation (HSBC) is a global bank and provider of financial services. With operations in over 62 countries and territories, it is among the biggest banks globally in terms of total assets.

HSBC, which is regarded as a high-street bank in the United Kingdom, provides a variety of financial services and products, such as investment banking, wealth management, and retail and commercial banking. The bank caters to a wide range of clients, including big businesses, small and medium-sized businesses, and individuals. HSBC is a major player in asset management, insurance, and other financial services in addition to its main banking operation.

HSBC has been going through a significant strategic change, reducing its presence  in some Western markets and concentrating on its Asian businesses, especially in China and Hong Kong.

Managing geopolitical tensions between China and the West and adjusting to shifting regulatory environments across its several regions are two of the bank's particular problems. It appeared that HSBC was transitioning from restructuring to growth initiatives when it appointed a new CEO in September 2024.

According to Reuters, "HSBC New CEO Elhedery 'Committed' To Build on Current Strategies."

10. Commonwealth Bank of Australia (CMWAY).

Market Capitalization	$155.81B
Revenue 2023	$43.1B
Net Income TTM	$6.17B

 The top Australian bank on our list of the biggest banks in the world is Commonwealth Bank of Australia, which completes the list. Established in 1911 and completely privatized in 1996, CMWAY is the biggest bank in Australia in terms of both market capitalization and clientele. The bank provides a wide range of financial services, such as insurance, money management, commercial and institutional banking, and retail banking. 

Through its subsidiary ASB, the company provides retail and business banking services In Australia and New Zealand.

How Do Banks Make  Money?

Lending to borrowers and borrowing from depositors are how banks generate revenue. The Main source of income for banks is the spread, sometimes referred to as net interest income, which is the difference between the interest rate they charge borrowers for new loans and the rate they pay depositors. Additionally, banks generate revenue by charging fees or commissions for a range of services, including investment banking, wealth management, brokerage, account servicing, and financial consulting.

How Did the Biggest Banks Get So Big?

Through a combination of organic growth, mergers and acquisitions, innovation, and market domination, the biggest banks have expanded to their current size.

What Is the Largest Bank in the World?

According to market capitalization, JP Morgan & Chase is the biggest bank in the world. 

The Bottom Line

The top ten banks in the world provide a broad range of financial services and products to institutional, coporate, and individual, customers. They have expanded over times as a result of mergers and acquisitions as well as continuous financial success. 

Major European banks have lost their global dominance in recent decades, and the biggest banks by market capitalization and revenue are centered in the United States and China.