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Updated by Elvin Khyros on Oct 03, 2017
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World's Top Ten Banks

Here are your top ten banks in the world!

1

Industrial & Commercial Bank of China

This is the largest bank in the world when measured by assets. It has $3.62 trillion in total assets. The bank’s revenues come in at $134.8 billion. Measured by revenues, this is the fourth largest bank in the world.

Though this is a commercial bank, it is state-owned. The bank provides loans, financing for businesses, credit cards, as well as money management for high-net-worth individuals and companies. The bank also offers money market vehicles, investing opportunities and exchange and transfer services.

A bank spokesman says that President Trump’s insistence that U.S. companies stop manufacturing in Mexico could be an opportunity for the Chinese bank. It plans to invest in Mexico as U.S. firms pull out.

2

China Construction Bank Corp.

This is the second Chinese bank on our top 10 list. It offers corporate banking, which deals with credit, company e-banking, credit lines and commercial loans. The personal banking segment offers personal loans, credit cards, deposits and wealth management for individual investors.

The bank also operates a Treasury sector that deals with money markets, debt securities, and currencies. The China Construction Bank has assets of $2.94 trillion.

On March 29, 2017, the bank announced that its profits have risen by 2.8% during the fourth quarter. The bank expects its profit margins to shrink in 2017, and plans to improve pricing on loans.

3

Agricultural Bank of China

This Beijing bank has branches across China, plus London, Tokyo, New York and Sydney, Australia. Not only is it the third-largest bank on our list, but it is also one of the 10 largest companies in the world. Agricultural Bank of China is state-owned.

The bank deals with small farmers and large agricultural wholesale companies. It also works with non-agricultural companies. Its largest growth segment is mid-sized companies. The bank has assets of $2.82 trillion.

The bank reported a fourth-quarter increase in profits of 1.8%, even though its profit margins have been shrinking. Profits in U.S. dollars was $ $26.7 billion.

4

Bank of China

The Bank of China offers investment banking, insurance and investing services. It also provides personal loans, credit card services, debit cards, mortgages, asset and liability management and insurance. Assets total $2.63 trillion.

In April of 2017, the bank sold bonds denominated in four currencies. The sale took place on one day and resulted in $3 billion in capital for the bank. In its latest profit report, the Bank of China reported a 3.7% drop.

5

HSBC Holdings (HSBC)

This is a bank based in England. The bank has offices in 80 countries, and has 1,800 locations in the U.K. It provides private banking and consumer finance, along with corporate banking and investment services. HSBC has $2.57 trillion in assets.

6

JPMorgan Chase & Co. (JPM)

This is the first bank on the list that is based in the United States. It is based in New York, but it is a multinational bank.

Though it is ranked sixth-largest in the world, it is the largest bank in the United States. It is involved in investment services, asset management, wealth management and securities. Assets total $2.45 trillion.

As of April 23, 2017, Shepherd Financial Partners has purchased 51,950 shares of JP Morgan stock worth $3,128,000. The analyst consensus for a one-year target price is $91.35 per share. The stock currently trades at $84.52.

7

BNP Paribas

This French bank has assets of $2.4 trillion. It has offices in 75 countries, including the United States. This bank was ranked second among banks in the euro zone in 2016.

The analyst consensus on the stock of BNP Paribas is a “buy.” The bank is merging its research teams and expects to cut some analyst jobs in 2017.

The company announced on April 5, 2017 that it had sold its shares in the Dakota Pipeline. The sale was worth $120 million.

8

Mitsubishi UFJ Financial Group

This is a Japanese bank that offers consumer banking, as well as business and private banking. This is also an investment bank. It offers asset management and real estate banking. Mitsubishi UFJ Financial Group has assets worth $2.459 trillion.

Assets for the bank total $2,901.34 billion. State Street Corp. increased its holdings in this bank by 18.6%. This is the second largest public company in Japan. The stock trades at $6.92 as of this writing, Analysts have placed a target price of $7.48 per share. It pays a dividend of 2.63%.

9

Bank of America (BAC)

Bank of America is a U.S. bank that offers services for personal banking, small businesses, mid-sized businesses, and large corporations. It offers investment services in addition to its deposit and checking accounts. The bank has nearly 5,000 retail outlets, with assets topping $2.15 trillion.

The stock currently trades at $22.71 and has a one-year target price of $ 25.63. It pays a dividend of 1.32%. The bank’s revenues have dropped slightly over the past three years. On April 18, 2017, the bank reported a 46% rise in earnings per share.

Bank of America has begun pursuing small businesses and is making more loan money available to them. Its small business program includes putting staff in We Work offices where small businesses operate.

10

Credit Agricole Group

This is the second French bank on the list. It has assets of $1.91 trillion. This bank has a history of working with farmers. It is part of a network of 39 French banks.

The bank raised its holding in the DEO group by 87.6% as of April 20, 2017. It also invested in Coca-Cola (KO), Exxon Mobile (XOM), and Abercrombie and Fitch.

In February of 2017, the company reported it had a 67% drop in its fourth-quarter profits due to mortgage refinancing by its customers. However, revenues rose by 7%. Forbes ranks the company as one of the world’s top 20 most sustainable companies.