According to Forbes, we’re seeing a nice trend in the strengthening of the Bull market, as America’s banks are beginning to gain ground. The reality is there is a resurgence in Wall street, and competition is getting stiffer in the global banking industry, China still retains the number one position with the largest corporations in the world. Although the Chinese banks dominated last year, we’re seeing a trend with a slowing economy and a 2016 fall in the profits for China’s largest ten banks. U.S. lenders had the perfect opportunity to pick up market share with confidence in the Chinese economy being somewhat challenged. Market capitalization is the stock market value, or the value of the shares issued within a company that is publicly traded. The market cap is determined by multiplying the share price by the number of outstanding shares. China is still in the front, but the US markets are making steady progress.
These are the 20 wealthiest banks in the world as valued by market cap.