Showing 10 out of 50 companies.
Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd, Bank of China Ltd, and JPMorgan Chase & Co are the top 5 banks in the world in 2021 by revenue. Cumulatively, the top 10 banks in the world generated revenue of $1,336,571 million, with average revenue growth of 6.1%, where the highest increase being registered by Industrial and Commercial Bank of China Ltd ($222,064 million), while the lowest increases were registered by Postal Savings Bank of China Co Ltd ($80,879 million). The highest revenue growth was registered by Credit Agricole SA (21.7%) and the lowest revenue increase was registered by Bank of America Corp (0.1%). In terms of the geographical split, 5 out of 10 of the world’s major banks are based in Asia-Pacific, while 3 are based in North America, and the other 2 are based in Europe. They employed a total of 2,715,005 people in 2021. China-based Industrial and Commercial Bank of China Ltd is the leading bank in the world (by revenue). The company reported revenues of $222,064 million for the fiscal year ended December 2021 (FY2021), an increase of 6.4% over FY2020 was driven by the launch of free public welfare platforms such as “Emergency Materials Management System” & “Campus Anti-pandemic Registration System” and high-quality development requirements, they advanced reform, innovation, and transformation in depth. The company is a provider of a range of personal and commercial banking, wealth management, and treasury management services. Its portfolio of offerings comprises personal and corporate deposits, personal and corporate loans, debit and credit cards, and investment funds. The company employs 425,000 people in FY2021. China Construction Bank Corp is one of the leading banks in the world (by revenue). The company reported revenues of $200,447 million for the fiscal year ended December 2021 (FY2021), an increase of 8.9% over FY2020. The company is a provider of a range of commercial and personal banking, wealth management, and treasury management solutions. The bank offers treasury services such as foreign exchange services, precious metals, treasury, and savings bonds, which employ 347,319 people.
FAQs
They employed a total of 2,715,005 people in 2021. China-based Industrial and Commercial Bank of China Ltd is the leading bank in the world (by revenue).
What are the top 10 financial institutions? ›
The 10 largest banks in the U.S. are Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC Bank, Goldman Sachs Bank, Truist Bank, Capital One and TD Bank.
What bank has the highest revenue? ›
US-based JPMorgan Chase & Co is the leading bank in the US by revenues in 2021.
Which company in the financial industry has the largest revenue? ›
2021
| Rank | Company | Revenue (USD millions) |
|---|
| 1 | Transamerica Corporation | 245,510 |
| 2 | Ping An Insurance Group | 191,509 |
| 3 | ICBC | 182,794 |
| 4 | China Construction Bank | 172,000 |
47 more rowsWhile Chase, Bank of America, Wells Fargo and Citi stand out as big banks, U.S. Bank, PNC Bank, Goldman Sachs, Truist Bank, Capital One and TD Bank round out the 10 largest banks in the U.S.
What is the richest bank in the United States? ›
What Is the Richest Bank in America? JPMorgan Chase is the richest bank in the U.S., based on Federal Reserve data for consolidated assets. It has over $3.3 trillion in total assets, more than any bank in the country.
Which bank is safest in the USA? ›
JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.
What are the world's largest financial services companies? ›
- Wells Fargo. 3.6. 50.8T. Reviews. 6.3T. Salaries. ...
- Citi. 3.8. 35.5T. Reviews. 5.5T. Salaries. ...
- JPMorgan Chase & Co. 4.0. 28.7T. Reviews. 5.5T. Salaries. ...
- HSBC. 3.9. 30.5T. Reviews. 5.8T. Salaries. ...
- J.P. Morgan. 4.1. 24.3T. Reviews. 7.5T. ...
- Goldman Sachs. 3.8. 19.3T. Reviews. 5.9T. ...
- Bank of America. 3.9. 41.9T. Reviews. 3.1T. ...
- Barclays. 3.9. 20.1T. Reviews. 6.1T.
List of largest banks in the United States
| Rank | Bank name | Headquarters location |
|---|
| 1 | JPMorgan Chase | New York City |
| 2 | Bank of America | Charlotte, North Carolina |
| 3 | Citigroup | New York City |
| 4 | Wells Fargo | San Francisco, California |
82 more rowsThe Bankrate promise
| RANK | BANK NAME | TOTAL ASSETS |
|---|
| 1 | JPMorgan Chase | $3.40 trillion |
| 2 | Bank of America | $2.54 trillion |
| 3 | Wells Fargo | $1.73 trillion |
| 4 | Citigroup | $1.68 trillion |
11 more rowsApr 2, 2024
The Safest Banks in the U.S.
- JPMorgan Chase.
- U.S. Bank.
- PNC Bank.
- Citibank.
- Wells Fargo.
- Capital One.
- M&T Bank Corporation.
- AgriBank.
Banks accept deposits from consumers and businesses and pay interest in return. They use deposits to issue loans and earn interest. A bank generates income when the interest it earns from loans exceeds the interest paid on deposits.
What are the top 3 financial services companies in the world? ›
Major Players in the Industry. The global financial services market is dominated by major companies including Visa Inc. (NYSE:V), JPMorgan Chase & Co. (NYSE:JPM), Mastercard Incorporated (NYSE:MA), and Bank Of America Corporation (NYSE:BAC).
What are the top 5 financial companies in the world? ›
The largest five banks by market capitalization are JP Morgan & Chase, Bank of America, Industrial and Commercial Bank of China, Wells Fargo, and China Construction Bank. The sixth through eighth largest banks, while smaller in market cap than the top five, are still significantly large.
Who makes the most money in financial services? ›
Highest-paying finance jobs
- Investment banker.
- Hedge fund manager.
- Financial analyst.
- Information technology auditor.
- Financial software developer.
- Private equity associate.
- Chief compliance officer.
- Chief financial officer.
The largest five banks by market capitalization are JP Morgan & Chase, Bank of America, Industrial and Commercial Bank of China, Wells Fargo, and China Construction Bank. The sixth through eighth largest banks, while smaller in market cap than the top five, are still significantly large.
What is the number 1 largest bank? ›
What is the world's largest private bank? ›
As of 2023, the world's biggest private bank in terms of assets under management (AUM) is UBS Group AG. UBS, a Swiss multinational investment bank and financial services company, is renowned for its extensive services in wealth management, investment banking, asset management, and retail banking.
Who owns the most money to the World Bank? ›
The United States is the largest single shareholder, followed by Japan, Germany, the United Kingdom, and France. The rest of the shares are divided among the other member countries. A Board of Governors represents the Bank's government shareholders.
