5 Largest Banks in The World by Market Cap

3. Wells Fargo & Company (NYSE:WFC)

Market Capitalization: $197.0 billion

Wells Fargo & Company is a prominent American multinational financial services corporation with a substantial worldwide footprint. For the quarter ending on Dec. 31, 2023, Wells Fargo reported a net income of $3.45 billion, equivalent to 86 cents per share, showing a slight increase from $3.16 billion, or 75 cents per share, compared to the previous year. This quarter’s earnings were impacted by a $1.9 billion charge from a Federal Deposit Insurance Corporation special assessment related to Silicon Valley Bank and Signature Bank failures, as well as a $969 million charge from severance expenses.