5 Biggest Banks in the World

In this article, we discuss 5 of the biggest banks in the world. If you want to see more of the biggest banks in the world, go directly to 16 Biggest Banks in the World.

5. JPMorgan Chase & Co. (NYSE:JPM)

Total Assets: $3.74 trillion

JPMorgan Chase & Co. (NYSE:JPM) is the largest U.S. bank with total assets of $3.74 trillion. Although it could face headwinds if a recession occurs, the bank is well positioned in the long term given its substantial scale and financial strength. With its scale, JPMorgan Chase & Co. (NYSE:JPM) can spend more on technology than many of its competitors and potentially realize more market share and higher margins. With its financial strength, JPMorgan Chase & Co. (NYSE:JPM) could potentially buy back more shares even given the uncertain economic climate. CEO Jamie Dimon said in the company’s Q3 results, “Importantly, we continue to make all the investments that we need to grow our businesses and serve our customers, and we hope to be able to resume stock buybacks early next year.”