Banks in the World
10 Biggest Banks in the World
Wells Fargo & Co. (WFC)
Revenue (TTM): $82.0B
Net Income (TTM): $19.6B
Market Cap: $123.8B
1-Year Trailing Total Return: -35.4%
Exchange: New York Stock Exchange
Wells Fargo offers an array of financial services for individual and corporate clients. In recent years, the company has been mired in a fake accounts scandal that hurt a larger number of the banks' individual customers, with the U.S. government recently fining Wells Fargo $3 billion as part of the ongoing proceedings.4
Credit Agricole SA (CRARY)
Revenue (TTM): $83.4B
Net Income (TTM): $5.4B
Market Cap: $22.3B
1-Year Trailing Total Return: -32.4%
Exchange: OTC
Credit Agricole SA, the only Europe-based bank in the 10 biggest, is the largest cooperative financial institution in the world by AUM. The company has a history of serving agricultural customers but now serves a variety of individual and business clients.
Agricultural Bank of China Ltd. (ACGBY)
Revenue (TTM): $89.7B
Net Income (TTM): $30.9B
Market Cap: $131.5B
1-Year Trailing Total Return: -14.1%
Exchange: OTC
Agricultural Bank of China is state-owned institution that provides not only personal and corporate banking services, but it also offers a special suite of products for agricultural customers such as small farming operations and larger agricultural wholesale companies.
Bank of America Corp. (BAC)
Revenue (TTM): $91.2B
Net Income (TTM): $27.4B
Market Cap: $188.5B
1-Year Trailing Total Return: -18.2%
Exchange New York Stock Exchange
Bank of America is a U.S. bank that offers services for individual clients and businesses of all sizes. Besides deposit and checking accounts through its Consumer Banking branch, Bank of America provides a variety of commercial and wealth management services through its Global branches as well. The company recently made headlines for offering to consider mortgage deferral requests from customers during the COVID-19 crisis. Some customers said the bank's deferral offers were misleading.3
China Construction Bank Corp. (CICHY)
Revenue (TTM): $102.2B
Net Income (TTM): $38.7B
Market Cap: $196.6B
1-Year Trailing Total Return: -3.7%
Exchange: OTC
The second Chinese bank on our 10 biggest list is China Construction Bank Corp. It provides corporate banking services such as e-banking, credit lines, and commercial loans. China Construction Bank also provides personal banking through a separate segment, offering personal loans, deposits, wealth management, and credit cards.
Japan Post Holdings Co. Ltd. (JPHLF)
Revenue (TTM): $112.3B
Net Income (TTM): $4.7B
Market Cap: $34.4B
1-Year Trailing Total Return: -28.3%
Exchange: OTC
Unique among many of the companies on this list, Japan Post Holdings Co. Ltd. has operations in banking as well as in life insurance, logistics, and other businesses. The company is also well-known for its Japan Post branch, which is involved in mail delivery and post office management in Japan, as well as Japan Post Bank, the company's banking branch.
JPMorgan Chase & Co. (JPM)
Revenue (TTM): $114.6B
Net Income (TTM): $36.4B
Market Cap: $280.1B
1-Year Trailing Total Return: -5.8%
Exchange: New York Stock Exchange
JPMorgan Chase & Co. is a multinational bank and financial services holding company involved in corporate lending, asset management, wealth management, and investment and consumer banking, among other offerings. In response to COVID-19, JPMorgan Chase recently announced plans to seek up to $10 billion in funds from pension funds and other clients for alternative investments like leveraged loans and certain types of real estate.2
Industrial and Commercial Bank Of China Ltd. (IDCBY)
Revenue (TTM): $123.6B
Net Income (TTM): $45.3B
Market Cap: $231.8B
1-Year Trailing Total Return: -6.9%
Exchange: OTC
The largest bank in the world in terms of total assets under management (AUM) is the Industrial and Commercial Bank Of China Ltd. This institution provides credit cards and loans, financing for businesses, and money management services for companies and high net worth individuals. Though this is a commercial bank, it is state-owned.
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