I was just checking C, and I noticed that Citigroup and Bank of America are very close to each other when it comes to market capitalization. Citigroup has a market capitalization of $114.90 billion while Bank of America has a market capitalization of $111.16 billion, 3.25% lower than that of Citigroup.
I then thought, what are the 10 largest banks in the United Sates by market capitalization? I did a quick search and all I found was outdated lists, so I have compiled my own list. Without further talking, here are the top 5 US1 banks by Market Capitalization.
| Rank | Bank Name | Market Cap2 | Diff. from 1st | Symbol |
| 1 | JPMorgan Chase | 165.66 | – | JPM |
| 2 | Wells Fargo & Company | 142.28 | -14.11% | WFC |
| 3 | Citigroup Inc. | 114.40 | -30.94% | C |
| 4 | Bank of America | 111.16 | -32.89% | BAC |
| 5 | US Bank | 46.84 | -71.72% | USB |
So, we can see from the list above that JPMorgan Chase is the largest bank by market capitalization. A year ago, Bank of America was the largest bank by market cap, but the good times are over! BAC has to go up to $16.35 for Bank of America to retake its position as the largest bank by market cap. C, on the other hand, has to be trading at $56.70 (not impossible at all!) to become the largest bank in the world by market cap. All assuming, of course, that JPM is steady at $41.67.
1All the banks listed are headquartered in the US and operate in the US.
2In billions of United States Dollars.