What is market capitalization?
Market capitalization is one of the measures of the financial strength of a company. It shows the value of shares outstanding of a publicly traded company. It is basically calculated by multiplying the number of shares traded on a stock exchange by the price of a single share.
In the United States, JP Morgan Chase bank had the largest market cap among the U.S. banks, amounting to 468 billion U.S. dollars in December 2021. The bank was also the leader of global ranking. ICBC (Industrial and Commercial Bank of China) was the fourth largest global bank in terms of market cap. Bank of America was ranked second.