📈 U.S. Top 10 Banks' Market Cap Surges 30% in 2024

The combined market capitalization of the top 10 U.S. banks—J.P. Morgan, Bank of America, Wells Fargo, Citigroup, Morgan Stanley, Goldman Sachs, Charles Schwab, PNC Financial, U.S. Bancorp, Truist Financial, and Capital One—grew 30% in 2024, rising from $1.67 trillion in December 2023 to $2.17 trillion by year-end. Key performers in this surge included Goldman Sachs (+43%, adding $54 billion), J.P. Morgan (+37%, adding $183 billion), and Capital One (+36%, adding $18 billion). Other notable performers were Citigroup (+35%, $35 billion), Morgan Stanley (+32%, $49 billion), and Wells Fargo (+31%, $55 billion).