Largest European banks by market cap since COVID-19

The coronavirus (COVID-19) outbreak hit the financial markets hard in 2020. Some of Europe's largest banks, such as HSBC and Banco Santander, saw market capitalization values almost halved between December 31 and October 31, 2020. The market cap of Europe's largest banks increased after October 2020, but the economic uncertainties of 2022 started another downtrend. In March 2023, following the collapse of Silicon Valley Bank and Signature Bank, the market cap of all observed banks dropped sharply. In the next months, the market cap of each observed banks increased again.

Monthly market capitalization of Europe's largest banks since the coronavirus from December 2019 to March 2024 (in billion U.S. dollars)

Characteristic	HSBC Holdings (UK)	BNP Paribas (France)	UBS (Switzerland)	Banco Santander (Spain)	ING Group (Netherlands)	Lloyds Banking Group (UK)
Mar 2024	139.8	67.56	99.74	62.89	48.72	39.74
Feb 2024	145.9	63.49	91.48	60.66	45.3	37.54
Jan 2024	147.8	71.8	97.4	59.08	47.57	34.48
Dec 2023	153.8	71.87	100.3	60.03	50.28	38.45
Nov 2023	147	66.31	90.95	60.68	48.32	34.69
Oct 2023	136.4	62.72	75.3	55.16	44.52	30.35
Sep 2023	151.8	70.85	80	58.48	46.52	33.84
Aug 2023	143.2	70.63	85.87	58.25	50.16	33.54
Jul 2023	161.6	71.58	66.08	59.67	52.59	36.59
Jun 2023	154.5	69.36	60.45	54.74	48.58	35.25
May 2023	144.5	65.63	56.59	49.24	44.46	35.5
Apr 2023	142.4	71.85	61.69	51.51	44.63	39.36
Mar 2023	128.9	66.98	58.33	56.58	40.37	36.71
Feb 2023	149.8	83.14	66.29	60.34	49.35	40.93
Jan 2023	146.8	83.15	68.26	56.73	51.03	43.55
Dec 2022	123	70.34	59.26	49.67	43.69	36.68
Nov 2022	123.24	69.55	58.68	51.22	45.7	37
Oct 2022	103.48	58.33	50.47	41.15	37.03	33.56
Sep 2022	104.11	52.11	46.18	38.17	32.05	29.43
Aug 2022	123.12	57.29	55.87	40.47	33.1	33.08
Jul 2022	125.53	58.62	57.24	41.77	36.69	41.14
Jun 2022	120.25	59.2	52.83	48.68	37.4	37.1
May 2022	134.51	70.84	63.2	54.62	41.66	35.45
Apr 2022	124.8	63.86	56.4	49.85	36.46	40.58
Mar 2022	136.66	63.86	65.44	59.82	40.71	44.14
Feb 2022	139.8	72.6	62.6	57.1	44.3	45.9
Jan 2022	142.5	87.1	63.6	59.4	55.4	48.8
Dec 2021	122	85.1	62	57.1	52.6	45.9
Nov 2021	112.4	77.1	59.8	53.2	53.1	44.2
Oct 2021	122.8	83.7	62.5	66.3	58.6	48.3
Sep 2021	105.7	80.1	54.9	62.8	56.6	43.5
Aug 2021	108	80.6	58.4	63.9	53.8	41.7
Jul 2021	112.6	75.2	57.3	63.4	50.2	45
Jun 2021	116.8	71	51.5	66.1	51.6	45.8
May 2021	130.9	86.2	57.2	72.5	54.1	50.3
Apr 2021	127.5	80.6	53.9	66.9	49.7	43.6
Mar 2021	119	78.3	52.7	58.9	47.7	41.2
Feb 2021	121	73	52.7	60.6	42.4	37.9
Jan 2021	106.5	60	51.1	50.8	34.4	31.5
Dec 2020	107.2	67.8	50.2	53.7	36.8	34.7
Nov 2020	105.5	63.6	50.7	50	37.6	32.4
Oct 2020	85.5	43.1	41.9	33.1	26.6	25
Sep 2020	79.8	45.6	40	30.7	27.6	23
Aug 2020	88.1	54.3	43.6	37	31.9	25.1
Jul 2020	92.3	50	41.9	35.1	27.2	25.6
Jun 2020	95	49.7	41.4	40	28.1	26.5
May 2020	93.9	45	38.4	37.7	25.2	24.8
Apr 2020	104.8	38.8	38.6	36	21.5	28.2
Mar 2020	114.1	37.6	33.2	39	20.1	26.6
Feb 2020	136.5	66.5	39.8	65.1	37	44.9
Jan 2020	147.4	60.3	44.7	60.8	42.4	52
Dec 2019	161.5	73.6	46	68.8	47	58