Below is a look at the combined market cap of the six major US banks and brokers that we like to track — Goldman Sachs (GS), Morgan Stanley (MS), Wells Fargo (WFC), Bank of America (BAC), JP Morgan (JPM), and Citigroup (C). After dipping below $200 billion at the lows of the Financial Crisis back in early 2009, their combined market cap currently stands at roughly $1.2 trillion.
Looking at the market caps of the six individual companies, a lot has changed since the turn of the millennium. Goldman Sachs (GS) was the last to IPO of this group of six, so below is a chart showing the change in market caps for these stocks since Goldman’s IPO back in mid-1999.
Citigroup was on top in the early 2000s, and then Wells Fargo took a clear lead in the middle part of the current bull market. Now, though, it’s JP Morgan that has recently separated itself from the pack. At $324 billion, JPM has the highest market cap that any of these stocks have ever seen.