As known from:
  • Our Team / News / Five leading U.S. banks lose over $220 billion of market cap in 2022

Five leading U.S. banks lose over $220 billion of market cap in 2022

Publish Date: 07/12/2022

This year has seen almost $230 billion leaving the five leading U.S. banks’ market cap amid a period of economic uncertainty.

Research compiled by Gameland reveals that Bank of America, JP Morgan Chase, Wells Fargo, Goldman Sachs, and Citigroup all saw their market capitalization shrinking in the period between January 1 and December 5 2022.

The study monitored the market cap of these US banks over the course of the year from data gathered by Overall, it showed that the five leading U.S. banks had experienced an average decline of 16.49% in market capitalization which saw a total of $228.41 billion wiped off the value of these titans of the U.S. banking industry.

!function(e,i,n,s){var t=”InfogramEmbeds”,d=e.getElementsByTagName(“script”)[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(“script”);o.async=1,,o.src=””,d.parentNode.insertBefore(o,d)}}(document,0,”infogram-async”);

Big losses in the U.S. banking industry

Citigroup was the hardest hit among the major U.S. banks in 2022. The company saw its market capitalization slipping from $119.83 billion on January 1 2022 to $88.39 billion on December 5, 2022. This was a massive 26.24% decline in value resulting from a fall of $31.44 billion in the bank’s market cap.

However, the Bank of America Corporation witnessed the greatest loss in market capitalization. The firm was valued with a $364.11 billion market cap at the start of the year, but this had shrunk to just $276.53 billion by early December. This represented an overall loss of 24.05% in value with the brand losing $87.58 billion in its market cap.

Close behind was the largest bank in the U.S. – JP Morgan Chase. This company saw 17.7% wiped off its market cap, equaling a loss of $82.64 billion. As a result, JP Morgan Chase had its value slashed from $467.97 billion to $385.33 billion from January to December 2022.

Elsewhere, Wells Fargo suffered a 13.05% fall in value as its market capitalization slipped by $24.95 billion. The brand was worth $191.31 billion at the start of the year compared to just $166.36 on December 5 2022.

Goldman Sachs suffered the least in terms of market capitalization shrinkage of the big five banks. The company has only seen its market cap fall by a mere $1.8 billion in 2022 representing a 1.41% fall in value. The market cap of Goldman Sachs was $127.61 billion at the start of the year and it was $125.81 billion at the time that the study was carried out.

Understanding market capitalization

Market capitalization, or market cap, is a tool used to measure the total market value of a company’s outstanding shares of stock. This provides investors with a picture of the company’s total size rather than its other indicators such as its sales or assets.

While market cap is traditionally used as a measure of whether a company was suitable for a takeover, it is now commonly used as an indicator of the overall health of the firm.

Large cap companies are usually seen as those with a market capitalization in excess of $10 billion. These are seen as safer investment opportunities as they usually have been around longer than small cap companies.

With the five largest U.S. banks all experiencing significant falls in their market caps, it paints a concerning picture of the state of the nation’s economy. With record inflation and numerous interest hikes, it remains to be seen how long it will be until these banks recover their previous market cap value.

Read Also
Investors on Google are 18x more interested in buying Bitcoin than Apple stock
A recent study has revealed that investors are 18 times more interested ...
Traders who bet against Bitcoin lost over $380 million in seven days
A recent study found that traders who bet against Bitcoin lost hundreds ...
World’s five largest banks lost over $250 billion of market capitalisation in 2022
A new study has revealed that $258.17 billion was slashed off the ...
Crypto Winter Wipes Out 70% of Bitcoin Millionaires
A new study has found that there has been a 70% drop ...
NFT and Metaverse Trademark Filings Double in 2022 Despite Crypto Winter
New data finds that there has been double the amount of metaverse ...
Users must be 18+. If you are having trouble with gambling then help and advice can be found at

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or; or (b) Gamblers Anonymous at 855-2-CALL-GA or

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPGGamblers Anonymous
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site