The 10 largest U.S. banks lost 275 billion U.S. dollars in total market capitalization between March 1 and March 17, 2023. This significant drop was caused by the collapse of Silicon Valley Bank and Signature Bank, the second and third largest bank failures in U.S. history, which pushed investor confidence down.
Market capitalization of the 10 largest banks in the United States between 1st and 17th of March 2023
(in trillion U.S. dollars)
The 10 largest U.S. banks based on market capitalization include the following banks: JPMorgan Chase, Bank of America, Morgan Stanley, Wells Fargo, Goldman Sachs, Charles Schwab, Citigroup, U.S. Bancorp, PNC, and Truist.
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Forbes. (March 20, 2023). Market capitalization of the 10 largest banks in the United States between 1st and 17th of March 2023 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1375141/market-cap-loss-of-ten-largest-us-banks/
Forbes. "Market capitalization of the 10 largest banks in the United States between 1st and 17th of March 2023 (in trillion U.S. dollars)." Chart. March 20, 2023. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1375141/market-cap-loss-of-ten-largest-us-banks/
Forbes. (2023). Market capitalization of the 10 largest banks in the United States between 1st and 17th of March 2023 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1375141/market-cap-loss-of-ten-largest-us-banks/
Forbes. "Market Capitalization of The 10 Largest Banks in The United States between 1st and 17th of March 2023 (in Trillion U.S. Dollars)." Statista, Statista Inc., 20 Mar 2023, https://www.statista.com/statistics/1375141/market-cap-loss-of-ten-largest-us-banks/
Forbes, Market capitalization of the 10 largest banks in the United States between 1st and 17th of March 2023 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/1375141/market-cap-loss-of-ten-largest-us-banks/ (last visited December 19, 2024)
Market capitalization of the 10 largest banks in the United States between 1st and 17th of March 2023 (in trillion U.S. dollars) [Graph], Forbes, March 20, 2023. [Online]. Available: https://www.statista.com/statistics/1375141/market-cap-loss-of-ten-largest-us-banks/
