Market capitalization of selected Canadian banks 2018

The Royal Bank of Canada (RBC) had the largest market capitalization of the Canadian banks in 2018, at 101 billion U.S. dollars. Toronto-Dominion Bank followed with 95 billion, well above the third place Scotiabank.

What is market cap?

Market cap is an estimation of a firm’s value based on the share price multiplied by the number of outstanding shares. This gives analysts an idea of how investors see the firm. If they think that the firm is undervalued, they will buy, pushing the price, and thus the market cap, higher. Of course, responsible investors look to banks’ balance sheet data and other indicators to make their decisions.

Other comparisons

Many look to the total assets of a bank to determine its size. Just as total sales gives an idea of a retailer’s operation size, the amount of money a bank manages can give a rough idea of its influence. More closely linked to its profitability is a bank’s revenue, simply the amount of money it earns. Finally, the most intuitive measure is the number of primary users a bank has.

Market capitalization of selected Canadian banks as of December 12, 2018

Market capitalization in billion U.S. dollars
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Source

Release date

December 2018

Region

Canada

Survey time period

December 12, 2018

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Statistics on "Royal Bank of Canada"

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