When a person wants to keep their money or some other valuable assets safe they knock the doors of a Bank. This is the reason why some banks have a prominent name in the market and people trust blindly on them.
So let us have a look on some of the richest banks in the world.
Wells Fargo- Market Cap : $261.72 Billion
Before becoming a famous manufacturer of guns Wells Fargo was a very popular bank in the world, This monolithic multinational bank is the fourth largest bank and the richest bank in the world. It has a market capitalization of $261.72 billion which makes it bigger among all the banks.
JP Morgan Chase- Market Cap: $229.90 Billion
JP Morgan had come into existence due to 2000 merger between the Chase Manhattan Corporation and JP Morgan & Co. JP Morgan is just not an international banking and financial services company but it also manages investments, assets, and retail banking. It has assets of $2,476.99 trillion which make it the largest bank in the USA and 6th largest bank in the world. But it has a market capitalization of $229.90 billion which makes it undoubtedly 2nd largest in both USA and the world.
Industrial And Commercial Bank Of China- Market Cap: $196.21 Billion
This bank of China is one of the four big banks of China which is the only one which exists today. The Industrial and Commercial Bank of China is the largest commercial bank as it consists of total $3.1 trillion assets. At one time it had held a record for highest IPO ad in 2013 the bank had posted a net profit of $42.3 billion which was 10% more compared to the previous year.