The world's top 10 banks by market capitalisation are all American or Chinese according to the latest figures from GlobalData.
JP Morgan ($415.1bn) and Bank of America ($298.2bn) lead the table, with ICBC (Industrial and Commercial Bank of China) coming in at number 3. HSBC is ranked at number 8 but even as it is headquartered in London, most of its profits comes from Asia.
Outside of the top ten and also not from America or China is the Royal Bank of Canada, coming in at number 11, with a market cap of $114.9bn. The UK's Lloyds Banking Group moves from the 37th largest bank by value a year ago to 31st with its share price rising 18.4% and market cap of $55.9bn.
In fact, JP Morgan's market capitalisation is equivalent to the combined value of the bottom 19 banks on GlobalData's 100-strong list. When it comes to share price, the leader however is its rival
Citigroup leads the way among major US lenders with its share price ahead by 41.8% for the year to date.
Over three quarters of the world's top 100 banks by market cap experienced a rise in their share price in 2019, making it a good year for the banking sector.
"In particular, 2019 is an outstanding year for shareholders in the largest US banks. Citigroup leads the way among major US lenders with its share price ahead by 41.8% for the year to date," GlobalData's banking editor Douglas Blakey said.
"But the world's largest two banks by value, JPMorgan Chase and Bank of America also enjoyed a stellar 2019. Both Chase and Bank of America share prices are ahead by more than 33%," he added.
Deutsche Bank has gone through yet another frustrating year, with its share price plummeting 9.4% for a market cap of $14.9bn. Deutsche now languishes as the 120th largest bank by value.