Banks provide an assortment of products and services to their clients, including deposits, loans, wealth management services, currency exchange and investment banking.
Below is a list of the 10 most expensive banks as determined by 12-month trailing revenue, only including businesses directly or indirectly traded on stock exchanges in either North America.
Most Expensive Banks Worldwide
1. Chinese Industrial And Commercial Bank Ltd (IDCBY)
The colossal monetary organization known as the Industrial and Commercial Bank of China Ltd reigns supreme in asset accumulation on a global scale, availing the upper echelon and commercial ventures passage to plastic payment methods, monetary advances, enterprise capital facilitation, and pecuniary administration resolutions.
2. Company: JPMorgan Chase (JPM)
Not previously exhausted words and varying sentence structures, this rewritten paragraph on the equivalent topic states: Chanconglomerate & Co, a transnational fiscal and pecuniary custody amalgamation, proffers retail and speculation banking, resource supervision, opulence regulation, and corporate finance accommodations to denizens globally. To acquiesce with COVID-19 prerequisites, the organization schemes to hoist up to $10 billion from retirement savings plans and further origins as principal for option ventures akin to leveraged advances and precise types of immovable speculation.
3. Japan Post Holdings Co. (JPHLF)
Japan Post Holdings Co. Ltd is unique among companies on this list in that it operates across multiple disciplines: banking, life insurance, logistics and more. Japan Post Bank is its well-known subsidiary while their Japan Post division manages post offices and mail service across Japan.
4. China Construction Bank Corporation (CICHY)
China Construction Bank Corp provides commercial loans, credit lines and electronic banking services to businesses. Furthermore, through a separate subsidiary China Construction Bank also offers personal banking services like credit cards, deposits, asset management and personal loans for individuals.
5. Bank of America Corp. (BAC)
Bank of America, a US bank, offers services to both small and large businesses alike. Their Global locations provide business management, wealth management services as well as deposit/checking accounts through Consumer Banking subsidiary.
6. Agricultural Bank of China Ltd. (ACGBY)
Agricultural Bank of China provides agricultural goods to clients including small farms and larger wholesale firms, in addition to personal and corporate banking services.
7. Credit Agricole SA (CRARY)
Credit Agricole SA is one of the world’s premier cooperative financial institutions by AUM and one of only 10 European-based banks among them. While initially serving agricultural clients, Credit Agricole now caters to both individual and corporate clientele alike.
8. Wells Fargo and Co. (WFC)
Wells Fargo and Co. Wells Fargo provides comprehensive financial services to both individual and commercial customers. As part of ongoing investigations into an accounts scam that affected many consumers at Wells Fargo, the US government fined them $3 billion as part of a penalty agreement.
9. Bank Of China Ltd. (BACHF)
Bank Of China Ltd. The primary areas of concentration for Bank Of China Ltd are commercial banking operations including deposits and withdrawals as well as foreign exchange services in Macau and Hong Kong. Furthermore, this bank has authority to issue money directly.
10. Citigroup Inc. (C)
Citigroup Inc. (C), an international investment bank and provider of financial services, also provides worldwide retail banking, institutional financial services and securities services.