As of late 2024, JPMorgan Chase is recognized as the top No. 1 bank in the world, primarily based on its market capitalization.
This ranking is often determined by a bank's market capitalization, which reflects the total value of its outstanding shares. It serves as a key indicator of a company's size and perceived value in the stock market.
According to data from GlobalData as of September 30, 2024, and corroborated by Forbes India data as of October 4, 2024, JPMorgan Chase holds the leading position.
Top Banks by Market Capitalization (as of late 2024)
| Rank | Bank Name | Market Cap (US$ billion) |
|---|---|---|
| 1 | JPMorgan Chase | 583.91 |
| 2 | Bank of America | 304.56 |
| 3 | Industrial and Commercial Bank of China | 288.06 |
For a comprehensive list and further details on the largest banks globally, you can refer to the List of largest banks on Wikipedia.
