A wide range of products and services are offered by banks, which are financial institutions. Handling deposits, loans, wealth management, currency exchange, and investment banking are among them.
The top 10 most expensive banks, as determined by 12-month trailing revenue, are shown below. This list is only comprised of businesses that are directly or indirectly traded on stock exchanges in the United States or Canada.
Most Expensive Banks Worldwide
1. Chinese Industrial and Commercial Bank Ltd (IDCBY)
The Industrial and Commercial Bank of China Ltd. is the world’s largest bank in terms of total assets managed. This corporation provides high-net-worth individuals and businesses with credit cards, loans, business finance, and money management services.
2. Company: JPMorgan Chase (JPM)
JPMorgan Chase & Co. is a global bank and financial services holding firm that provides a wide range of financial services, including consumer and investment banking, asset management, wealth management, and corporate finance. In response to COVID-19, JPMorgan Chase has unveiled plans to request up to $10 billion in capital from pension funds and other clients for alternative investments such as leveraged loans and particular types of real estate.
3. Japan Post Holdings Co. (JPHLF)
Japan Post Holdings Co. Ltd. is distinct from many of the companies on this list in that it operates in banking, life insurance, logistics, and other areas. The company is also well-known for its banking subsidiary, Japan Post Bank, as well as its Japan Post department, which administers post offices and mail service across Japan.
4. China Construction Bank Corporation (CICHY)
China Construction Bank Corp. provides commercial loans, credit lines, and e-banking services to businesses. China Construction Bank also provides personal banking services, including as credit cards, deposits, asset management, and personal loans, through a separate subsidiary.
5. Bank of America Corp. (BAC)
Bank of America, a US bank, offers services to both small and big businesses. Bank of America’s Global locations provide a variety of business and wealth management services, in addition to deposit and checking accounts through its Consumer Banking subsidiary.
6. Agricultural Bank of China Ltd. (ACGBY)
The state-owned Agricultural Bank of China provides a wide range of agricultural goods to clients, including small farms and larger agricultural wholesale firms, as well as personal and corporate banking services.
7. Credit Agricole SA (CRARY)
Credit Agricole SA is the world’s largest cooperative financial institution by AUM, and the only bank with a European base in the top 10. Although the organization began to serve agricultural clients, it now serves a diverse spectrum of individual and corporate clientele.
8. Wells Fargo and Co. (WFC)
Wells Fargo offers a comprehensive range of financial services to both individual and commercial clients. The US government has penalized Wells Fargo $3 billion as part of continuing investigations into a phony accounts scam that affected a larger number of the bank’s individual consumers.
9. Bank Of China Ltd. (BACHF)
The primary areas of concentration for Bank of China include commercial banking operations including deposits and withdrawals as well as foreign exchange. In Macau and Hong Kong, the bank is also empowered to issue money.
10. Citigroup Inc. (C)
An international investment bank and provider of financial services, Citigroup also provides worldwide retail banking, institutional financial services, and securities services.