19 out of 25 banks in the GlobalData’s list announced quarter-on-quarter development in the second quarter of 2019
GlobalData’s top 25 banks by market capitalization. Source: shutterstock.com
According to the GlobalData, JPMorgan Chase is leading the list with a market capitalization of $362.7 billion as of 30 June. The best 25 banks kept up their growth force as their total market cap developed by 3.6% from $3.4 trillion to $3.5 trillion. Significant gainers were Commonwealth Bank of Australia, Sberbank, and Citigroup, which announced over 10% QoQ development. At the same time, Wells Fargo, Agricultural Bank of China, Bank of China, Banco Santander, Morgan Stanley, Bank of Communications, and Scotiabank decreased in their caps.
12 players kept up their position while PNC Financial bounced four spots to be at 25th replacing Mitsubishi UFJ from the rundown. Westpac and Sberbank raised by three spots to be positioned on the 22nd and 18th, respectively.
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