As of July 2024, the market capitalization of Royal Bank of Canada amounted to 154 billion Canadian dollars, which placed the company at the top of the ranking.
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.
Worldwide rankings
In the United States, JP Morgan Chase bank had the largest market cap among the U.S. banks, amounting to 688.68 billion U.S. dollars as of January 2025. The bank was also the leader in the global ranking, followed by Bank of America, and ICBC (Industrial and Commercial Bank of China).
Leading companies in Canada as of July 2024, by market capitalization
(in billion Canadian dollars)
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DisFold.com. (August 1, 2024). Leading companies in Canada as of July 2024, by market capitalization (in billion Canadian dollars) [Graph]. In Statista. Retrieved January 25, 2025, from https://www.statista.com/statistics/730759/market-capitalization-of-leading-canadian-companies/?__sso_cookie_checker=failed
DisFold.com. "Leading companies in Canada as of July 2024, by market capitalization (in billion Canadian dollars)." Chart. August 1, 2024. Statista. Accessed January 25, 2025. https://www.statista.com/statistics/730759/market-capitalization-of-leading-canadian-companies/?__sso_cookie_checker=failed
DisFold.com. (2024). Leading companies in Canada as of July 2024, by market capitalization (in billion Canadian dollars). Statista. Statista Inc.. Accessed: January 25, 2025. https://www.statista.com/statistics/730759/market-capitalization-of-leading-canadian-companies/?__sso_cookie_checker=failed
DisFold.com. "Leading Companies in Canada as of July 2024, by Market Capitalization (in Billion Canadian Dollars)." Statista, Statista Inc., 1 Aug 2024, https://www.statista.com/statistics/730759/market-capitalization-of-leading-canadian-companies/?__sso_cookie_checker=failed
DisFold.com, Leading companies in Canada as of July 2024, by market capitalization (in billion Canadian dollars) Statista, https://www.statista.com/statistics/730759/market-capitalization-of-leading-canadian-companies/?__sso_cookie_checker=failed (last visited January 25, 2025)
Leading companies in Canada as of July 2024, by market capitalization (in billion Canadian dollars) [Graph], DisFold.com, August 1, 2024. [Online]. Available: https://www.statista.com/statistics/730759/market-capitalization-of-leading-canadian-companies/?__sso_cookie_checker=failed
