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Feb 26, 2009

Top 10 banks in the world by market capitalization as on Feb 26, 2009

The top 10 banks in the world by their market value as on yesterday (Feb 26, 2009) are presented in this article. The top three slots are occupied by banks from China. The other banks in top 5 are HSBC of UK, and American bank JPMC, the two being very close in market value.

In the top 10 list four banks are from China, two from US and one each from Italy, Japan, Spain and UK.


Bank Country Mkt Cap
bil. USD
1 ICBC China 169.6
2 China Construction Bank China 118.4
3 Bank of China China 103.2
4 HSBC UK 91.4
5 JP Morgan Chase US 90.0
6 Wells Fargo US 62.6
7 Banco Santander Spain 53.6
8 Mitsubishi UFJ Financial Japan 52.5
9 Bank of Communications China 34.6
10 Intesa Sanpaolo Italy 31.8

Because of the financial crisis the market capitalization of most of the US banks has eroded heavily leaving only two banks from the country in the top 10 valued banks of the world. The top 10 banks at the end of previous year (Dec, 2008) as mentioned in an earlier article had three US banks.


Bank Country
Mkt Cap
1 ICBC
China 173.9
2 China Construction Bank China 128.3
3 JP Morgan Chase US 117.7
4 HSBC UK 115.2
5 Bank of China China 98.2
6 Wells Fargo US 98.0
7 Banco Santander Spain 75.0
8 Bank of America US 70.6
9 Mitsubishi UFJ Financial Japan 70.1
10 BBVA Spain 45.1

The market value of Bank of America had fallen to 28.6 billion USD (26 Feb '08) from 70.6 (31 Dec '09) and falls short of top 10. The last two months have not been good for the equity markets and the bear market started in 2008 is continuing. The banks in the developed countries are most hit with many of them falling more than 20% in last two months.


Bank Mkt Cap
26 Feb '09
Mkt Cap
31 Dec '08
Change

ICBC 169.6 173.9 -2.5%

China Construction Bank 118.4 128.3 -7.7%

Bank of China 103.2 98.2 5.1%

HSBC 91.4 115.2 -20.7%

JP Morgan Chase 90.0 117.7 -23.6%

Wells Fargo 62.6 98.0 -36.1%

Banco Santander 53.6 75.0 -28.6%

Mitsubishi UFJ Financial 52.5 70.1 -25.2%

Bank of Communications 34.6 34.6 0.1%

Intesa Sanpaolo 31.8 44.1 -28.0%

The Chinese banks have been able to resist the fall and the China Construction Bank was the worst hit with a 7.7% decline in value.

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6 comments:

David S. Mason said...

Very interesting data, which I cited in my own blog on The End of the American Century (www.endoftheamericancentury.blogspot.com). Could you provide the SOURCE for these numbers?

FinManAc said...

Hi David
Thanks for your comment.
The data on market capitalization was compiled from mainly the following three sources: http://www.bloomberg.com, http://www.reuters.com/finance/stocks, and http://money.cnn.com/. The current exchange rates for different currency was easily available.

Anonymous said...

HSBC is a chinese bank too. the full name is Hong Kong and shanghai Banking corporation. that is how it started, at least. Yours seem to be most updated one from what i can find

FinManAc said...

The updated list as on April 30, 2009
http://finmanac.blogspot.com/2009/05/top-10-banks-of-world-by-market.html

Anonymous said...

I am looking for Top 10 US Banks on the basis of their revenues. Any ideas?

Thanks

FinManAc said...

http://money.cnn.com/magazines/fortune/fortune500/2009/industries/30/index.html
Rank Company $ millions
1 Bank of America Corp. 1,13,106.00
2 Citigroup 1,12,372.00
3 J.P. Morgan Chase & Co. 1,01,491.00
4 Morgan Stanley 62,262.00
5 Goldman Sachs Group 53,579.00
6 Wells Fargo 51,652.00
7 GMAC 35,445.00
8 American Express 31,877.00
9 U.S. Bancorp 19,229.00
10 Capital One Financial 17,868.50

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