# Banks - Diversified — company-by-company sector analysis

> Banks - Diversified: JPMorgan Chase & Co. owns the largest revenue base; Bank of America Corporation has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-28. Not investment advice.

## Bottom line

Banks - Diversified has outperformed S&P 500 by 28.6% over 52 weeks and 12.3% over 13 weeks. 16 of 17 covered companies beat the S&P 500 on Mansfield relative strength, while 6 of 17 beat the sector itself. JPMorgan Chase & Co. leads with income of $186,328 million, based on 16 of 18 comparable companies through Jun 2026.

### Is the Banks - Diversified sector outperforming S&P 500?

Banks - Diversified has outperformed S&P 500 by 28.6% over 52 weeks and 12.3% over 13 weeks. 16 of 17 covered companies beat the S&P 500 on Mansfield relative strength, while 6 of 17 beat the sector itself.

### Which Banks - Diversified company is largest by income?

JPMorgan Chase & Co. leads with income of $186,328 million, based on 16 of 18 comparable companies through Jun 2026.

### Which Banks - Diversified company is growing fastest?

Bank of America Corporation has the fastest current income growth at 15.3%, across 16 of 18 comparable companies.

### Which Banks - Diversified company has the strongest 4-Factor Sector Score?

Bank of Montreal ranks first at 54.3/100 with 64.4% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Banks - Diversified company has the largest deposit base?

JPMorgan Chase & Co. has the largest reported deposit base at $2,713,700 million. Bank borrowings are operating funding, not industrial leverage.

### Which Banks - Diversified company has the lowest comparable P/BV-to-ROE?

Citigroup Inc. has the lowest comparable P/BV ÷ ROE at 0.21, among 17 of 18 companies that pass the metric’s comparability rules.

### How much history does this Banks - Diversified comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

Banks - Diversified has outperformed S&P 500 by 28.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 12.3%. 16 of 17 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective.

13-week sector return versus NIFTY 500: 12%
52-week sector return versus NIFTY 500: 29%
Stocks leading NIFTY: 16/17
Stocks leading sector: 6/17

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 18
Combined market value: ₹38.6 L Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Bank of Montreal (BMO): 54/100 — Mixed-positive evidence; evidence 64%
   - Growth & earnings 21.9/35 | Capital efficiency 11.0/25 | Valuation 4.3/20 | Relative strength 17.1/20
   - Exact sum: 21.9 + 11 + 4.3 + 17.1 = 54.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Royal Bank of Canada (RY): 54/100 — Mixed-positive evidence; evidence 64%
   - Growth & earnings 22.2/35 | Capital efficiency 13.1/25 | Valuation 3.0/20 | Relative strength 15.2/20
   - Exact sum: 22.2 + 13.1 + 3 + 15.2 = 53.5
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. UBS Group AG (UBS): 52/100 — Mixed-positive evidence; evidence 62%
   - Growth & earnings 22.3/35 | Capital efficiency 10.8/25 | Valuation 7.5/20 | Relative strength 11.5/20
   - Exact sum: 22.3 + 10.8 + 7.5 + 11.5 = 52.1
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. Canadian Imperial Bank of Commerce (CM): 51/100 — Mixed-positive evidence; evidence 64%
   - Growth & earnings 23.9/35 | Capital efficiency 12.7/25 | Valuation 4.1/20 | Relative strength 10.6/20
   - Exact sum: 23.9 + 12.7 + 4.1 + 10.6 = 51.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5. Bank of America Corporation (BAC): 51/100 — Mixed-positive evidence; evidence 64%
   - Growth & earnings 23.6/35 | Capital efficiency 10.5/25 | Valuation 5.6/20 | Relative strength 11.0/20
   - Exact sum: 23.6 + 10.5 + 5.6 + 11 = 50.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6. The Bank of Nova Scotia (BNS): 50/100 — Mixed-negative evidence; evidence 64%
   - Growth & earnings 23.7/35 | Capital efficiency 10.5/25 | Valuation 5.3/20 | Relative strength 10.4/20
   - Exact sum: 23.7 + 10.5 + 5.3 + 10.4 = 49.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7. JPMorgan Chase & Co. (JPM): 50/100 — Mixed-negative evidence; evidence 64%
   - Growth & earnings 22.4/35 | Capital efficiency 13.9/25 | Valuation 5.5/20 | Relative strength 8.0/20
   - Exact sum: 22.4 + 13.9 + 5.5 + 8 = 49.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8. The Bank of New York Mellon Corporation (BNY): 49/100 — Mixed-negative evidence; evidence 60%
   - Growth & earnings 18.4/35 | Capital efficiency 8.8/25 | Valuation 4.6/20 | Relative strength 16.7/20
   - Exact sum: 18.4 + 8.8 + 4.6 + 16.7 = 48.5
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9. HSBC Holdings plc (HSBC): 48/100 — Mixed-negative evidence; evidence 62%
   - Growth & earnings 14.1/35 | Capital efficiency 12.4/25 | Valuation 7.1/20 | Relative strength 13.9/20
   - Exact sum: 14.1 + 12.4 + 7.1 + 13.9 = 47.5
   - Decision use: Price leads the evidence: RS versus the benchmark is 19.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
10. Banco Bilbao Vizcaya Argentaria, S.A. (BBVA): 46/100 — Mixed-negative evidence; evidence 62%
   - Growth & earnings 11.8/35 | Capital efficiency 13.4/25 | Valuation 8.6/20 | Relative strength 12.1/20
   - Exact sum: 11.8 + 13.4 + 8.6 + 12.1 = 45.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11. Citigroup Inc. (C): 45/100 — Mixed-negative evidence; evidence 64%
   - Growth & earnings 24.2/35 | Capital efficiency 9.1/25 | Valuation 8.6/20 | Relative strength 3.5/20
   - Exact sum: 24.2 + 9.1 + 8.6 + 3.5 = 45.4
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -5.3% and the one-year return is 44.3%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
12. The Bank of N.T. Butterfield & Son Limited (NTB): 42/100 — Mixed-negative evidence; evidence 62%
   - Growth & earnings 15.3/35 | Capital efficiency 13.7/25 | Valuation 7.9/20 | Relative strength 5.2/20
   - Exact sum: 15.3 + 13.7 + 7.9 + 5.2 = 42.1
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13. Banco Santander, S.A. (SAN): 40/100 — Mixed-negative evidence; evidence 62%
   - Growth & earnings 11.2/35 | Capital efficiency 11.7/25 | Valuation 6.7/20 | Relative strength 10.4/20
   - Exact sum: 11.2 + 11.7 + 6.7 + 10.4 = 40
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14. Wells Fargo & Company (WFC): 39/100 — Mixed-negative evidence; evidence 64%
   - Growth & earnings 16.6/35 | Capital efficiency 12.2/25 | Valuation 6.7/20 | Relative strength 3.7/20
   - Exact sum: 16.6 + 12.2 + 6.7 + 3.7 = 39.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15. ING Groep N.V. (ING): 39/100 — Mixed-negative evidence; evidence 62%
   - Growth & earnings 11.0/35 | Capital efficiency 11.0/25 | Valuation 5.9/20 | Relative strength 10.8/20
   - Exact sum: 11 + 11 + 5.9 + 10.8 = 38.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16. Barclays PLC (BCS): 37/100 — Mixed-negative evidence; evidence 62%
   - Growth & earnings 12.1/35 | Capital efficiency 10.1/25 | Valuation 8.6/20 | Relative strength 6.1/20
   - Exact sum: 12.1 + 10.1 + 8.6 + 6.1 = 36.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17. The Toronto-Dominion Bank (TD): 34/100 — Adverse evidence; evidence 64%
   - Growth & earnings 6.9/35 | Capital efficiency 10.9/25 | Valuation 3.8/20 | Relative strength 12.4/20
   - Exact sum: 6.9 + 10.9 + 3.8 + 12.4 = 34
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18. Forbright, Inc. (FRBT): 47/100 — Thin evidence · provisional; evidence 10%
   - Growth & earnings 17.3/35 | Capital efficiency 9.8/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Exact sum: 17.3 + 9.8 + 10 + 10 = 47.1
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Income Scale & Growth Durability

What the numbers say: JPMorgan Chase & Co. is the scale leader at $186,328 million, 60.9% ahead of Bank of America Corporation. Bank of America Corporation's growth is 15.3% from a $115,792 million base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: JPMorgan Chase & Co. is the scale benchmark; Bank of America Corporation is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: JPMorgan Chase & Co.'s growth falls below Bank of America Corporation's for two consecutive comparable reports while operating margin also compresses.

Evidence: JPMorgan Chase & Co. · $186,328 million | 60.9% versus #2 · Bank of America Corporation | 7/8 recent comparable periods | 16/18 companies · 334 observations

Definition: For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.

### Income — largest
1. JPMorgan Chase & Co. (JPM): ₹1.9 L Cr
2. Bank of America Corporation (BAC): ₹1.2 L Cr
3. Wells Fargo & Company (WFC): ₹83.0K Cr
4. Citigroup Inc. (C): ₹81.4K Cr
5. HSBC Holdings plc (HSBC): ₹66.8K Cr

### Income growth — fastest growers
1. Bank of America Corporation (BAC): 15%
2. JPMorgan Chase & Co. (JPM): 14%
3. Canadian Imperial Bank of Commerce (CM): 14%
4. Bank of Montreal (BMO): 13%
5. Royal Bank of Canada (RY): 13%

### 20-quarter Income history
- JPM: Sep 2021 ₹31.2K Cr | Dec 2021 ₹30.5K Cr | Mar 2022 ₹29.3K Cr | Jun 2022 ₹29.6K Cr | Sep 2022 ₹31.2K Cr | Dec 2022 ₹32.3K Cr | Mar 2023 ₹36.1K Cr | Jun 2023 ₹38.4K Cr | Sep 2023 ₹38.5K Cr | Dec 2023 ₹35.8K Cr | Mar 2024 ₹40.1K Cr | Jun 2024 ₹47.1K Cr | Sep 2024 ₹39.5K Cr | Dec 2024 ₹40.1K Cr | Mar 2025 ₹42.0K Cr | Jun 2025 ₹42.1K Cr | Sep 2025 ₹43.0K Cr | Dec 2025 ₹41.1K Cr | Mar 2026 ₹47.3K Cr | Jun 2026 ₹54.8K Cr
- BAC: Sep 2021 ₹23.4K Cr | Dec 2021 ₹22.5K Cr | Mar 2022 ₹23.2K Cr | Jun 2022 ₹22.2K Cr | Sep 2022 ₹23.6K Cr | Dec 2022 ₹23.4K Cr | Mar 2023 ₹25.3K Cr | Jun 2023 ₹24.1K Cr | Sep 2023 ₹23.9K Cr | Dec 2023 ₹20.9K Cr | Mar 2024 ₹24.5K Cr | Jun 2024 ₹23.9K Cr | Sep 2024 ₹23.8K Cr | Dec 2024 ₹25.0K Cr | Mar 2025 ₹26.8K Cr | Jun 2025 ₹24.9K Cr | Sep 2025 ₹26.8K Cr | Dec 2025 ₹29.9K Cr | Mar 2026 ₹28.9K Cr | Jun 2026 ₹30.2K Cr
- HSBC: Sep 2021 ₹13.4K Cr | Dec 2021 ₹12.2K Cr | Mar 2022 ₹12.5K Cr | Jun 2022 ₹13.1K Cr | Sep 2022 ₹11.0K Cr | Dec 2022 ₹26.6K Cr | Mar 2023 ₹20.5K Cr | Jun 2023 ₹16.6K Cr | Sep 2023 ₹15.7K Cr | Dec 2023 ₹14.6K Cr | Mar 2024 ₹20.8K Cr | Jun 2024 ₹17.1K Cr | Sep 2024 ₹16.6K Cr | Dec 2024 ₹10.9K Cr | Mar 2025 ₹17.6K Cr | Jun 2025 ₹15.2K Cr | Sep 2025 ₹17.4K Cr | Dec 2025 ₹16.1K Cr | Mar 2026 ₹18.1K Cr | Jun 2026 —
- RY: Sep 2021 ₹13.3K Cr | Dec 2021 ₹12.6K Cr | Mar 2022 ₹13.0K Cr | Jun 2022 ₹11.6K Cr | Sep 2022 ₹11.8K Cr | Dec 2022 ₹12.2K Cr | Mar 2023 ₹12.8K Cr | Jun 2023 ₹11.8K Cr | Sep 2023 ₹12.4K Cr | Dec 2023 ₹12.0K Cr | Mar 2024 ₹12.7K Cr | Jun 2024 ₹13.2K Cr | Sep 2024 ₹14.0K Cr | Dec 2024 ₹14.2K Cr | Mar 2025 ₹15.7K Cr | Jun 2025 ₹14.2K Cr | Sep 2025 ₹16.1K Cr | Dec 2025 ₹16.2K Cr | Mar 2026 ₹16.9K Cr | Jun 2026 ₹16.5K Cr
- WFC: Sep 2021 ₹20.2K Cr | Dec 2021 ₹22.0K Cr | Mar 2022 ₹18.5K Cr | Jun 2022 ₹16.5K Cr | Sep 2022 ₹18.8K Cr | Dec 2022 ₹19.1K Cr | Mar 2023 ₹19.5K Cr | Jun 2023 ₹18.8K Cr | Sep 2023 ₹19.7K Cr | Dec 2023 ₹19.2K Cr | Mar 2024 ₹19.9K Cr | Jun 2024 ₹19.5K Cr | Sep 2024 ₹19.3K Cr | Dec 2024 ₹19.3K Cr | Mar 2025 ₹19.2K Cr | Jun 2025 ₹19.8K Cr | Sep 2025 ₹20.8K Cr | Dec 2025 ₹20.3K Cr | Mar 2026 ₹20.3K Cr | Jun 2026 ₹21.7K Cr
- C: Sep 2021 ₹17.6K Cr | Dec 2021 ₹17.5K Cr | Mar 2022 ₹18.4K Cr | Jun 2022 ₹18.4K Cr | Sep 2022 ₹17.1K Cr | Dec 2022 ₹16.2K Cr | Mar 2023 ₹19.5K Cr | Jun 2023 ₹17.6K Cr | Sep 2023 ₹18.3K Cr | Dec 2023 ₹13.8K Cr | Mar 2024 ₹18.7K Cr | Jun 2024 ₹17.6K Cr | Sep 2024 ₹17.5K Cr | Dec 2024 ₹16.9K Cr | Mar 2025 ₹18.9K Cr | Jun 2025 ₹18.8K Cr | Sep 2025 ₹19.6K Cr | Dec 2025 ₹17.7K Cr | Mar 2026 ₹21.8K Cr | Jun 2026 ₹22.2K Cr
- TD: Sep 2021 ₹10.7K Cr | Dec 2021 ₹11.1K Cr | Mar 2022 ₹11.2K Cr | Jun 2022 ₹11.2K Cr | Sep 2022 ₹10.6K Cr | Dec 2022 ₹14.9K Cr | Mar 2023 ₹11.5K Cr | Jun 2023 ₹11.8K Cr | Sep 2023 ₹12.1K Cr | Dec 2023 ₹12.3K Cr | Mar 2024 ₹12.7K Cr | Jun 2024 ₹12.7K Cr | Sep 2024 ₹13.1K Cr | Dec 2024 ₹14.4K Cr | Mar 2025 ₹12.8K Cr | Jun 2025 ₹21.6K Cr | Sep 2025 ₹14.3K Cr | Dec 2025 ₹14.5K Cr | Mar 2026 ₹15.5K Cr | Jun 2026 ₹14.8K Cr
- SAN: Sep 2021 ₹11.9K Cr | Dec 2021 ₹11.8K Cr | Mar 2022 ₹11.9K Cr | Jun 2022 ₹12.8K Cr | Sep 2022 ₹13.5K Cr | Dec 2022 ₹13.6K Cr | Mar 2023 ₹13.2K Cr | Jun 2023 ₹13.8K Cr | Sep 2023 ₹14.9K Cr | Dec 2023 ₹14.7K Cr | Mar 2024 ₹14.4K Cr | Jun 2024 ₹16.0K Cr | Sep 2024 ₹15.1K Cr | Dec 2024 ₹16.0K Cr | Mar 2025 ₹14.6K Cr | Jun 2025 ₹14.7K Cr | Sep 2025 ₹14.3K Cr | Dec 2025 ₹15.2K Cr | Mar 2026 ₹15.1K Cr | Jun 2026 —
- UBS: Sep 2021 ₹9.1K Cr | Dec 2021 ₹8.7K Cr | Mar 2022 ₹9.4K Cr | Jun 2022 ₹8.9K Cr | Sep 2022 ₹8.2K Cr | Dec 2022 ₹8.0K Cr | Mar 2023 ₹8.7K Cr | Jun 2023 ₹9.5K Cr | Sep 2023 ₹11.7K Cr | Dec 2023 ₹10.9K Cr | Mar 2024 ₹12.7K Cr | Jun 2024 ₹11.9K Cr | Sep 2024 ₹12.3K Cr | Dec 2024 ₹11.6K Cr | Mar 2025 ₹12.6K Cr | Jun 2025 ₹12.1K Cr | Sep 2025 ₹12.8K Cr | Dec 2025 ₹12.1K Cr | Mar 2026 ₹14.2K Cr | Jun 2026 —
- BBVA: Sep 2021 ₹4.7K Cr | Dec 2021 ₹4.6K Cr | Mar 2022 ₹4.7K Cr | Jun 2022 ₹5.4K Cr | Sep 2022 ₹5.9K Cr | Dec 2022 ₹5.5K Cr | Mar 2023 ₹6.0K Cr | Jun 2023 ₹6.2K Cr | Sep 2023 ₹6.7K Cr | Dec 2023 ₹6.2K Cr | Mar 2024 ₹6.9K Cr | Jun 2024 ₹7.7K Cr | Sep 2024 ₹7.3K Cr | Dec 2024 ₹7.9K Cr | Mar 2025 ₹7.9K Cr | Jun 2025 ₹7.3K Cr | Sep 2025 ₹7.5K Cr | Dec 2025 ₹8.1K Cr | Mar 2026 ₹8.8K Cr | Jun 2026 —
- BMO: Sep 2021 ₹7.6K Cr | Dec 2021 ₹6.7K Cr | Mar 2022 ₹7.8K Cr | Jun 2022 ₹9.3K Cr | Sep 2022 ₹6.0K Cr | Dec 2022 ₹10.3K Cr | Mar 2023 ₹4.9K Cr | Jun 2023 ₹6.8K Cr | Sep 2023 ₹7.6K Cr | Dec 2023 ₹7.9K Cr | Mar 2024 ₹7.0K Cr | Jun 2024 ₹7.3K Cr | Sep 2024 ₹7.3K Cr | Dec 2024 ₹7.4K Cr | Mar 2025 ₹8.3K Cr | Jun 2025 ₹7.6K Cr | Sep 2025 ₹8.2K Cr | Dec 2025 ₹8.6K Cr | Mar 2026 ₹9.1K Cr | Jun 2026 ₹8.8K Cr
- BNS: Sep 2021 ₹7.4K Cr | Dec 2021 ₹7.5K Cr | Mar 2022 ₹7.8K Cr | Jun 2022 ₹7.7K Cr | Sep 2022 ₹7.4K Cr | Dec 2022 ₹7.1K Cr | Mar 2023 ₹7.3K Cr | Jun 2023 ₹7.2K Cr | Sep 2023 ₹7.2K Cr | Dec 2023 ₹7.0K Cr | Mar 2024 ₹7.5K Cr | Jun 2024 ₹7.3K Cr | Sep 2024 ₹7.3K Cr | Dec 2024 ₹7.5K Cr | Mar 2025 ₹8.2K Cr | Jun 2025 ₹7.7K Cr | Sep 2025 ₹8.4K Cr | Dec 2025 ₹8.7K Cr | Mar 2026 ₹8.5K Cr | Jun 2026 ₹8.6K Cr
- CM: Sep 2021 ₹5.2K Cr | Dec 2021 ₹5.0K Cr | Mar 2022 ₹5.4K Cr | Jun 2022 ₹5.1K Cr | Sep 2022 ₹5.3K Cr | Dec 2022 ₹5.0K Cr | Mar 2023 ₹5.6K Cr | Jun 2023 ₹5.3K Cr | Sep 2023 ₹5.1K Cr | Dec 2023 ₹5.3K Cr | Mar 2024 ₹5.6K Cr | Jun 2024 ₹5.7K Cr | Sep 2024 ₹6.1K Cr | Dec 2024 ₹6.2K Cr | Mar 2025 ₹6.7K Cr | Jun 2025 ₹6.4K Cr | Sep 2025 ₹6.7K Cr | Dec 2025 ₹7.0K Cr | Mar 2026 ₹7.8K Cr | Jun 2026 ₹7.4K Cr
- BNY: Sep 2021 ₹4.0K Cr | Dec 2021 ₹4.0K Cr | Mar 2022 ₹3.9K Cr | Jun 2022 ₹4.3K Cr | Sep 2022 ₹4.3K Cr | Dec 2022 ₹3.9K Cr | Mar 2023 ₹4.4K Cr | Jun 2023 ₹4.5K Cr | Sep 2023 ₹4.4K Cr | Dec 2023 ₹4.4K Cr | Mar 2024 ₹4.5K Cr | Jun 2024 ₹4.6K Cr | Sep 2024 ₹4.6K Cr | Dec 2024 ₹4.8K Cr | Mar 2025 ₹4.8K Cr | Jun 2025 ₹5.0K Cr | Sep 2025 ₹5.1K Cr | Dec 2025 ₹5.2K Cr | Mar 2026 ₹5.4K Cr | Jun 2026 —
- ING: Sep 2021 ₹4.6K Cr | Dec 2021 ₹4.3K Cr | Mar 2022 ₹3.6K Cr | Jun 2022 ₹4.5K Cr | Sep 2022 ₹4.0K Cr | Dec 2022 ₹4.6K Cr | Mar 2023 ₹5.4K Cr | Jun 2023 ₹5.7K Cr | Sep 2023 ₹5.7K Cr | Dec 2023 ₹5.3K Cr | Mar 2024 ₹5.3K Cr | Jun 2024 ₹5.4K Cr | Sep 2024 ₹5.6K Cr | Dec 2024 ₹5.1K Cr | Mar 2025 ₹5.3K Cr | Jun 2025 ₹5.4K Cr | Sep 2025 ₹5.6K Cr | Dec 2025 ₹5.4K Cr | Mar 2026 ₹5.5K Cr | Jun 2026 —
- BCS: Sep 2021 ₹9.0K Cr | Dec 2021 ₹8.1K Cr | Mar 2022 ₹10.5K Cr | Jun 2022 ₹10.8K Cr | Sep 2022 ₹8.5K Cr | Dec 2022 ₹8.4K Cr | Mar 2023 ₹10.9K Cr | Jun 2023 ₹8.9K Cr | Sep 2023 ₹8.8K Cr | Dec 2023 ₹7.5K Cr | Mar 2024 ₹10.3K Cr | Jun 2024 ₹9.2K Cr | Sep 2024 ₹9.4K Cr | Dec 2024 ₹9.7K Cr | Mar 2025 ₹7.0K Cr | Jun 2025 ₹10.4K Cr | Sep 2025 ₹10.0K Cr | Dec 2025 ₹4.6K Cr | Mar 2026 ₹3.0K Cr | Jun 2026 —
- NTB: Sep 2021 ₹125 Cr | Dec 2021 ₹126 Cr | Mar 2022 ₹127 Cr | Jun 2022 ₹133 Cr | Sep 2022 ₹140 Cr | Dec 2022 ₹149 Cr | Mar 2023 ₹147 Cr | Jun 2023 ₹145 Cr | Sep 2023 ₹142 Cr | Dec 2023 ₹145 Cr | Mar 2024 ₹143 Cr | Jun 2024 ₹143 Cr | Sep 2024 ₹143 Cr | Dec 2024 ₹152 Cr | Mar 2025 ₹148 Cr | Jun 2025 ₹146 Cr | Sep 2025 ₹153 Cr | Dec 2025 ₹159 Cr | Mar 2026 ₹154 Cr | Jun 2026 —
- FRBT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹67 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹72 Cr | Jun 2026 —

### 20-quarter Income growth history
- JPM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -9.6% | Sep 2022 0.0% | Dec 2022 5.6% | Mar 2023 23% | Jun 2023 30% | Sep 2023 23% | Dec 2023 11% | Mar 2024 11% | Jun 2024 23% | Sep 2024 2.7% | Dec 2024 12% | Mar 2025 4.9% | Jun 2025 -11% | Sep 2025 8.8% | Dec 2025 2.5% | Mar 2026 13% | Jun 2026 30%
- BAC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -4.0% | Sep 2022 0.9% | Dec 2022 4.0% | Mar 2023 9.2% | Jun 2023 8.6% | Sep 2023 1.4% | Dec 2023 -11% | Mar 2024 -3.3% | Jun 2024 -0.8% | Sep 2024 -0.5% | Dec 2024 20% | Mar 2025 9.3% | Jun 2025 4.2% | Sep 2025 13% | Dec 2025 19% | Mar 2026 8.1% | Jun 2026 21%
- HSBC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -3.7% | Sep 2022 -18% | Dec 2022 118% | Mar 2023 64% | Jun 2023 27% | Sep 2023 42% | Dec 2023 -45% | Mar 2024 1.6% | Jun 2024 2.5% | Sep 2024 6.0% | Dec 2024 -25% | Mar 2025 -15% | Jun 2025 -11% | Sep 2025 4.5% | Dec 2025 48% | Mar 2026 2.9% | Jun 2026 —
- RY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -11% | Dec 2022 -3.3% | Mar 2023 -1.1% | Jun 2023 2.5% | Sep 2023 4.8% | Dec 2023 -1.8% | Mar 2024 -1.2% | Jun 2024 12% | Sep 2024 13% | Dec 2024 19% | Mar 2025 24% | Jun 2025 7.7% | Sep 2025 15% | Dec 2025 14% | Mar 2026 7.5% | Jun 2026 16%
- WFC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -24% | Sep 2022 -7.2% | Dec 2022 -13% | Mar 2023 5.4% | Jun 2023 14% | Sep 2023 4.7% | Dec 2023 0.6% | Mar 2024 2.1% | Jun 2024 3.4% | Sep 2024 -1.8% | Dec 2024 0.5% | Mar 2025 -3.6% | Jun 2025 1.9% | Sep 2025 7.5% | Dec 2025 5.0% | Mar 2026 5.7% | Jun 2026 9.5%
- C: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -2.4% | Sep 2022 -2.8% | Dec 2022 -7.6% | Mar 2023 5.7% | Jun 2023 -4.1% | Sep 2023 6.7% | Dec 2023 -15% | Mar 2024 -4.2% | Jun 2024 -0.3% | Sep 2024 -4.2% | Dec 2024 22% | Mar 2025 1.2% | Jun 2025 7.1% | Sep 2025 12% | Dec 2025 4.6% | Mar 2026 16% | Jun 2026 18%
- TD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -1.6% | Dec 2022 35% | Mar 2023 2.7% | Jun 2023 5.0% | Sep 2023 15% | Dec 2023 -18% | Mar 2024 10% | Jun 2024 8.1% | Sep 2024 7.9% | Dec 2024 17% | Mar 2025 1.0% | Jun 2025 69% | Sep 2025 9.3% | Dec 2025 0.7% | Mar 2026 21% | Jun 2026 -31%
- SAN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 13% | Sep 2022 13% | Dec 2022 15% | Mar 2023 11% | Jun 2023 7.9% | Sep 2023 10% | Dec 2023 8.2% | Mar 2024 8.9% | Jun 2024 16% | Sep 2024 1.7% | Dec 2024 9.4% | Mar 2025 1.4% | Jun 2025 -8.3% | Sep 2025 -5.2% | Dec 2025 -5.3% | Mar 2026 3.8% | Jun 2026 —
- UBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.2% | Sep 2022 -9.6% | Dec 2022 -7.8% | Mar 2023 -6.8% | Jun 2023 7.0% | Sep 2023 42% | Dec 2023 35% | Mar 2024 46% | Jun 2024 25% | Sep 2024 5.5% | Dec 2024 7.2% | Mar 2025 -1.4% | Jun 2025 1.8% | Sep 2025 3.5% | Dec 2025 4.4% | Mar 2026 13% | Jun 2026 —
- BBVA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 21% | Sep 2022 25% | Dec 2022 18% | Mar 2023 29% | Jun 2023 14% | Sep 2023 14% | Dec 2023 13% | Mar 2024 14% | Jun 2024 26% | Sep 2024 7.9% | Dec 2024 26% | Mar 2025 16% | Jun 2025 -5.4% | Sep 2025 3.6% | Dec 2025 2.5% | Mar 2026 11% | Jun 2026 —
- BMO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -22% | Dec 2022 54% | Mar 2023 -38% | Jun 2023 -27% | Sep 2023 27% | Dec 2023 -24% | Mar 2024 44% | Jun 2024 7.4% | Sep 2024 -3.6% | Dec 2024 -5.6% | Mar 2025 17% | Jun 2025 4.9% | Sep 2025 12% | Dec 2025 16% | Mar 2026 10.0% | Jun 2026 16%
- BNS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.1% | Dec 2022 -5.6% | Mar 2023 -6.4% | Jun 2023 -6.7% | Sep 2023 -1.9% | Dec 2023 -1.1% | Mar 2024 2.0% | Jun 2024 1.9% | Sep 2024 0.9% | Dec 2024 6.8% | Mar 2025 9.9% | Jun 2025 4.7% | Sep 2025 16% | Dec 2025 16% | Mar 2026 3.2% | Jun 2026 12%
- CM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 3.4% | Dec 2022 -0.7% | Mar 2023 3.9% | Jun 2023 3.8% | Sep 2023 -4.0% | Dec 2023 7.2% | Mar 2024 0.0% | Jun 2024 7.3% | Sep 2024 20% | Dec 2024 17% | Mar 2025 19% | Jun 2025 14% | Sep 2025 9.4% | Dec 2025 12% | Mar 2026 17% | Jun 2026 15%
- BNY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.4% | Sep 2022 6.1% | Dec 2022 -2.4% | Mar 2023 12% | Jun 2023 5.9% | Sep 2023 3.3% | Dec 2023 11% | Mar 2024 2.5% | Jun 2024 2.1% | Sep 2024 5.2% | Dec 2024 11% | Mar 2025 5.9% | Jun 2025 9.4% | Sep 2025 9.3% | Dec 2025 6.9% | Mar 2026 13% | Jun 2026 —
- ING: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -2.8% | Sep 2022 -13% | Dec 2022 7.5% | Mar 2023 50% | Jun 2023 26% | Sep 2023 41% | Dec 2023 16% | Mar 2024 -1.7% | Jun 2024 -4.3% | Sep 2024 -1.5% | Dec 2024 -4.0% | Mar 2025 -0.0% | Jun 2025 -0.2% | Sep 2025 -0.0% | Dec 2025 6.3% | Mar 2026 2.9% | Jun 2026 —
- BCS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 13% | Sep 2022 -5.7% | Dec 2022 2.9% | Mar 2023 3.7% | Jun 2023 -17% | Sep 2023 4.7% | Dec 2023 -11% | Mar 2024 -5.1% | Jun 2024 3.2% | Sep 2024 6.7% | Dec 2024 30% | Mar 2025 -32% | Jun 2025 13% | Sep 2025 6.0% | Dec 2025 -53% | Mar 2026 -57% | Jun 2026 —
- NTB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 6.4% | Sep 2022 12% | Dec 2022 18% | Mar 2023 16% | Jun 2023 9.0% | Sep 2023 1.4% | Dec 2023 -2.7% | Mar 2024 -2.7% | Jun 2024 -1.4% | Sep 2024 0.7% | Dec 2024 4.8% | Mar 2025 3.5% | Jun 2025 2.1% | Sep 2025 7.0% | Dec 2025 4.6% | Mar 2026 4.1% | Jun 2026 —
- FRBT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 7.5% | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: JPMorgan Chase & Co. leads with $65,067 million of TTM profit, 93.3% above Bank of America Corporation. UBS Group AG shows 79.9% growth from a $9,148 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: JPMorgan Chase & Co. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: JPMorgan Chase & Co. · $65,067 million | 93.3% versus #2 · Bank of America Corporation | 5/8 recent comparable periods | 16/18 companies · 334 observations

Definition: Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.

### Net profit — largest
1. JPMorgan Chase & Co. (JPM): ₹65.1K Cr
2. Bank of America Corporation (BAC): ₹33.7K Cr
3. Wells Fargo & Company (WFC): ₹23.0K Cr
4. HSBC Holdings plc (HSBC): ₹23.0K Cr
5. Royal Bank of Canada (RY): ₹22.1K Cr

### Profit growth — fastest growers
1. UBS Group AG (UBS): 80%
2. The Bank of Nova Scotia (BNS): 46%
3. Citigroup Inc. (C): 28%
4. Canadian Imperial Bank of Commerce (CM): 25%
5. Royal Bank of Canada (RY): 22%

### 20-quarter Net profit history
- JPM: Sep 2021 ₹11.7K Cr | Dec 2021 ₹10.4K Cr | Mar 2022 ₹8.3K Cr | Jun 2022 ₹8.6K Cr | Sep 2022 ₹9.7K Cr | Dec 2022 ₹11.0K Cr | Mar 2023 ₹12.6K Cr | Jun 2023 ₹14.5K Cr | Sep 2023 ₹13.2K Cr | Dec 2023 ₹9.3K Cr | Mar 2024 ₹13.4K Cr | Jun 2024 ₹18.1K Cr | Sep 2024 ₹12.9K Cr | Dec 2024 ₹14.0K Cr | Mar 2025 ₹14.6K Cr | Jun 2025 ₹15.0K Cr | Sep 2025 ₹14.4K Cr | Dec 2025 ₹13.0K Cr | Mar 2026 ₹16.5K Cr | Jun 2026 ₹21.2K Cr
- BAC: Sep 2021 ₹7.7K Cr | Dec 2021 ₹7.0K Cr | Mar 2022 ₹7.1K Cr | Jun 2022 ₹6.2K Cr | Sep 2022 ₹7.1K Cr | Dec 2022 ₹7.1K Cr | Mar 2023 ₹8.2K Cr | Jun 2023 ₹7.4K Cr | Sep 2023 ₹7.8K Cr | Dec 2023 ₹3.1K Cr | Mar 2024 ₹6.7K Cr | Jun 2024 ₹6.9K Cr | Sep 2024 ₹6.9K Cr | Dec 2024 ₹6.8K Cr | Mar 2025 ₹7.4K Cr | Jun 2025 ₹7.1K Cr | Sep 2025 ₹8.5K Cr | Dec 2025 ₹7.5K Cr | Mar 2026 ₹8.6K Cr | Jun 2026 ₹9.1K Cr
- HSBC: Sep 2021 ₹4.2K Cr | Dec 2021 ₹2.0K Cr | Mar 2022 ₹3.4K Cr | Jun 2022 ₹5.8K Cr | Sep 2022 ₹2.7K Cr | Dec 2022 ₹4.7K Cr | Mar 2023 ₹11.0K Cr | Jun 2023 ₹7.0K Cr | Sep 2023 ₹6.3K Cr | Dec 2023 ₹222 Cr | Mar 2024 ₹10.8K Cr | Jun 2024 ₹6.8K Cr | Sep 2024 ₹6.7K Cr | Dec 2024 ₹585 Cr | Mar 2025 ₹7.6K Cr | Jun 2025 ₹4.9K Cr | Sep 2025 ₹5.5K Cr | Dec 2025 ₹5.2K Cr | Mar 2026 ₹7.4K Cr | Jun 2026 —
- RY: Sep 2021 ₹4.3K Cr | Dec 2021 ₹3.9K Cr | Mar 2022 ₹4.1K Cr | Jun 2022 ₹4.3K Cr | Sep 2022 ₹3.6K Cr | Dec 2022 ₹3.9K Cr | Mar 2023 ₹3.1K Cr | Jun 2023 ₹3.7K Cr | Sep 2023 ₹3.9K Cr | Dec 2023 ₹3.9K Cr | Mar 2024 ₹3.6K Cr | Jun 2024 ₹4.0K Cr | Sep 2024 ₹4.5K Cr | Dec 2024 ₹4.2K Cr | Mar 2025 ₹5.1K Cr | Jun 2025 ₹4.4K Cr | Sep 2025 ₹5.4K Cr | Dec 2025 ₹5.4K Cr | Mar 2026 ₹5.8K Cr | Jun 2026 ₹5.5K Cr
- WFC: Sep 2021 ₹5.4K Cr | Dec 2021 ₹7.0K Cr | Mar 2022 ₹3.9K Cr | Jun 2022 ₹3.0K Cr | Sep 2022 ₹3.6K Cr | Dec 2022 ₹2.9K Cr | Mar 2023 ₹4.9K Cr | Jun 2023 ₹4.9K Cr | Sep 2023 ₹5.7K Cr | Dec 2023 ₹3.5K Cr | Mar 2024 ₹4.6K Cr | Jun 2024 ₹4.9K Cr | Sep 2024 ₹5.2K Cr | Dec 2024 ₹5.3K Cr | Mar 2025 ₹4.8K Cr | Jun 2025 ₹5.5K Cr | Sep 2025 ₹5.6K Cr | Dec 2025 ₹5.4K Cr | Mar 2026 ₹5.3K Cr | Jun 2026 ₹6.6K Cr
- C: Sep 2021 ₹4.7K Cr | Dec 2021 ₹3.2K Cr | Mar 2022 ₹4.3K Cr | Jun 2022 ₹4.8K Cr | Sep 2022 ₹3.5K Cr | Dec 2022 ₹2.5K Cr | Mar 2023 ₹4.7K Cr | Jun 2023 ₹3.0K Cr | Sep 2023 ₹3.6K Cr | Dec 2023 ₹-1.8K Cr | Mar 2024 ₹3.4K Cr | Jun 2024 ₹3.3K Cr | Sep 2024 ₹3.3K Cr | Dec 2024 ₹2.9K Cr | Mar 2025 ₹4.1K Cr | Jun 2025 ₹4.0K Cr | Sep 2025 ₹3.8K Cr | Dec 2025 ₹2.5K Cr | Mar 2026 ₹5.9K Cr | Jun 2026 ₹6.0K Cr
- TD: Sep 2021 ₹3.4K Cr | Dec 2021 ₹3.6K Cr | Mar 2022 ₹3.5K Cr | Jun 2022 ₹3.6K Cr | Sep 2022 ₹2.9K Cr | Dec 2022 ₹6.4K Cr | Mar 2023 ₹1.3K Cr | Jun 2023 ₹3.1K Cr | Sep 2023 ₹2.7K Cr | Dec 2023 ₹2.7K Cr | Mar 2024 ₹2.7K Cr | Jun 2024 ₹2.4K Cr | Sep 2024 ₹-371 Cr | Dec 2024 ₹3.5K Cr | Mar 2025 ₹2.6K Cr | Jun 2025 ₹11.1K Cr | Sep 2025 ₹3.3K Cr | Dec 2025 ₹3.3K Cr | Mar 2026 ₹4.0K Cr | Jun 2026 ₹4.3K Cr
- SAN: Sep 2021 ₹9.7K Cr | Dec 2021 ₹10.3K Cr | Mar 2022 ₹2.9K Cr | Jun 2022 ₹2.7K Cr | Sep 2022 ₹2.7K Cr | Dec 2022 ₹2.5K Cr | Mar 2023 ₹2.9K Cr | Jun 2023 ₹10.9K Cr | Sep 2023 ₹3.2K Cr | Dec 2023 ₹3.2K Cr | Mar 2024 ₹3.1K Cr | Jun 2024 ₹3.5K Cr | Sep 2024 ₹3.6K Cr | Dec 2024 ₹3.6K Cr | Mar 2025 ₹3.4K Cr | Jun 2025 ₹3.4K Cr | Sep 2025 ₹3.5K Cr | Dec 2025 ₹3.8K Cr | Mar 2026 ₹3.8K Cr | Jun 2026 —
- UBS: Sep 2021 ₹2.3K Cr | Dec 2021 ₹1.4K Cr | Mar 2022 ₹2.1K Cr | Jun 2022 ₹2.1K Cr | Sep 2022 ₹1.7K Cr | Dec 2022 ₹1.7K Cr | Mar 2023 ₹1.0K Cr | Jun 2023 ₹27.3K Cr | Sep 2023 ₹-711 Cr | Dec 2023 ₹-278 Cr | Mar 2024 ₹1.8K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.4K Cr | Dec 2024 ₹779 Cr | Mar 2025 ₹1.7K Cr | Jun 2025 ₹2.4K Cr | Sep 2025 ₹2.5K Cr | Dec 2025 ₹1.2K Cr | Mar 2026 ₹3.1K Cr | Jun 2026 —
- BBVA: Sep 2021 ₹1.7K Cr | Dec 2021 ₹1.6K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.8K Cr | Sep 2022 ₹2.0K Cr | Dec 2022 ₹1.7K Cr | Mar 2023 ₹2.0K Cr | Jun 2023 ₹2.2K Cr | Sep 2023 ₹2.1K Cr | Dec 2023 ₹2.1K Cr | Mar 2024 ₹2.3K Cr | Jun 2024 ₹2.9K Cr | Sep 2024 ₹2.7K Cr | Dec 2024 ₹2.6K Cr | Mar 2025 ₹2.9K Cr | Jun 2025 ₹2.9K Cr | Sep 2025 ₹2.7K Cr | Dec 2025 ₹2.7K Cr | Mar 2026 ₹3.2K Cr | Jun 2026 —
- BMO: Sep 2021 ₹2.3K Cr | Dec 2021 ₹2.2K Cr | Mar 2022 ₹2.9K Cr | Jun 2022 ₹4.8K Cr | Sep 2022 ₹1.4K Cr | Dec 2022 ₹4.5K Cr | Mar 2023 ₹133 Cr | Jun 2023 ₹1.0K Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹1.7K Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹1.9K Cr | Sep 2024 ₹1.9K Cr | Dec 2024 ₹2.3K Cr | Mar 2025 ₹2.1K Cr | Jun 2025 ₹2.0K Cr | Sep 2025 ₹2.3K Cr | Dec 2025 ₹2.3K Cr | Mar 2026 ₹2.5K Cr | Jun 2026 ₹2.6K Cr
- BNS: Sep 2021 ₹2.5K Cr | Dec 2021 ₹2.6K Cr | Mar 2022 ₹2.7K Cr | Jun 2022 ₹2.7K Cr | Sep 2022 ₹2.6K Cr | Dec 2022 ₹2.1K Cr | Mar 2023 ₹1.8K Cr | Jun 2023 ₹2.1K Cr | Sep 2023 ₹2.2K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹2.2K Cr | Jun 2024 ₹2.1K Cr | Sep 2024 ₹1.9K Cr | Dec 2024 ₹1.7K Cr | Mar 2025 ₹993 Cr | Jun 2025 ₹2.0K Cr | Sep 2025 ₹2.5K Cr | Dec 2025 ₹2.2K Cr | Mar 2026 ₹2.3K Cr | Jun 2026 ₹2.6K Cr
- CM: Sep 2021 ₹1.7K Cr | Dec 2021 ₹1.4K Cr | Mar 2022 ₹1.9K Cr | Jun 2022 ₹1.5K Cr | Sep 2022 ₹1.7K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹433 Cr | Jun 2023 ₹1.7K Cr | Sep 2023 ₹1.4K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.7K Cr | Jun 2024 ₹1.7K Cr | Sep 2024 ₹1.8K Cr | Dec 2024 ₹1.9K Cr | Mar 2025 ₹2.2K Cr | Jun 2025 ₹2.0K Cr | Sep 2025 ₹2.1K Cr | Dec 2025 ₹2.2K Cr | Mar 2026 ₹3.1K Cr | Jun 2026 ₹2.5K Cr
- BNY: Sep 2021 ₹943 Cr | Dec 2021 ₹869 Cr | Mar 2022 ₹765 Cr | Jun 2022 ₹864 Cr | Sep 2022 ₹388 Cr | Dec 2022 ₹543 Cr | Mar 2023 ₹982 Cr | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.0K Cr | Dec 2023 ₹206 Cr | Mar 2024 ₹1.0K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹1.2K Cr | Jun 2025 ₹1.4K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.5K Cr | Mar 2026 ₹1.6K Cr | Jun 2026 —
- ING: Sep 2021 ₹1.4K Cr | Dec 2021 ₹980 Cr | Mar 2022 ₹475 Cr | Jun 2022 ₹1.2K Cr | Sep 2022 ₹953 Cr | Dec 2022 ₹1.1K Cr | Mar 2023 ₹1.6K Cr | Jun 2023 ₹2.2K Cr | Sep 2023 ₹2.0K Cr | Dec 2023 ₹1.6K Cr | Mar 2024 ₹1.6K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹1.9K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.7K Cr | Sep 2025 ₹1.9K Cr | Dec 2025 ₹1.5K Cr | Mar 2026 ₹1.6K Cr | Jun 2026 —
- BCS: Sep 2021 ₹1.6K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.6K Cr | Jun 2022 ₹1.3K Cr | Sep 2022 ₹1.7K Cr | Dec 2022 ₹1.3K Cr | Mar 2023 ₹2.0K Cr | Jun 2023 ₹1.6K Cr | Sep 2023 ₹1.5K Cr | Dec 2023 ₹133 Cr | Mar 2024 ₹1.8K Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹1.8K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹2.1K Cr | Jun 2025 ₹1.9K Cr | Sep 2025 ₹1.7K Cr | Dec 2025 ₹1.5K Cr | Mar 2026 ₹2.2K Cr | Jun 2026 —
- NTB: Sep 2021 ₹40 Cr | Dec 2021 ₹42 Cr | Mar 2022 ₹44 Cr | Jun 2022 ₹49 Cr | Sep 2022 ₹57 Cr | Dec 2022 ₹63 Cr | Mar 2023 ₹62 Cr | Jun 2023 ₹61 Cr | Sep 2023 ₹49 Cr | Dec 2023 ₹54 Cr | Mar 2024 ₹53 Cr | Jun 2024 ₹51 Cr | Sep 2024 ₹53 Cr | Dec 2024 ₹60 Cr | Mar 2025 ₹54 Cr | Jun 2025 ₹53 Cr | Sep 2025 ₹61 Cr | Dec 2025 ₹64 Cr | Mar 2026 ₹63 Cr | Jun 2026 —
- FRBT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹11 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹12 Cr | Jun 2026 —

### 20-quarter Profit growth history
- JPM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -28% | Sep 2022 -17% | Dec 2022 5.9% | Mar 2023 52% | Jun 2023 67% | Sep 2023 35% | Dec 2023 -15% | Mar 2024 6.3% | Jun 2024 25% | Sep 2024 -1.9% | Dec 2024 50% | Mar 2025 9.1% | Jun 2025 -17% | Sep 2025 12% | Dec 2025 -7.0% | Mar 2026 13% | Jun 2026 41%
- BAC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -32% | Sep 2022 -7.9% | Dec 2022 1.7% | Mar 2023 15% | Jun 2023 19% | Sep 2023 10% | Dec 2023 -56% | Mar 2024 -18% | Jun 2024 -6.9% | Sep 2024 -12% | Dec 2024 116% | Mar 2025 10% | Jun 2025 3.2% | Sep 2025 23% | Dec 2025 11% | Mar 2026 17% | Jun 2026 28%
- HSBC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 50% | Sep 2022 -37% | Dec 2022 130% | Mar 2023 220% | Jun 2023 22% | Sep 2023 136% | Dec 2023 -95% | Mar 2024 -1.7% | Jun 2024 -3.1% | Sep 2024 7.7% | Dec 2024 164% | Mar 2025 -30% | Jun 2025 -29% | Sep 2025 -18% | Dec 2025 787% | Mar 2026 -2.3% | Jun 2026 —
- RY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -17% | Dec 2022 -0.3% | Mar 2023 -23% | Jun 2023 -13% | Sep 2023 7.9% | Dec 2023 1.5% | Mar 2024 14% | Jun 2024 7.3% | Sep 2024 16% | Dec 2024 7.2% | Mar 2025 43% | Jun 2025 11% | Sep 2025 21% | Dec 2025 29% | Mar 2026 13% | Jun 2026 25%
- WFC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -56% | Sep 2022 -34% | Dec 2022 -58% | Mar 2023 25% | Jun 2023 65% | Sep 2023 61% | Dec 2023 20% | Mar 2024 -5.3% | Jun 2024 0.1% | Sep 2024 -9.9% | Dec 2024 50% | Mar 2025 3.9% | Jun 2025 12% | Sep 2025 8.5% | Dec 2025 3.0% | Mar 2026 10% | Jun 2026 20%
- C: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -23% | Sep 2022 -25% | Dec 2022 -20% | Mar 2023 7.6% | Jun 2023 -38% | Sep 2023 2.0% | Dec 2023 -171% | Mar 2024 -27% | Jun 2024 11% | Sep 2024 -8.7% | Dec 2024 — | Mar 2025 21% | Jun 2025 24% | Sep 2025 16% | Dec 2025 -13% | Mar 2026 45% | Jun 2026 49%
- TD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -13% | Dec 2022 79% | Mar 2023 -63% | Jun 2023 -15% | Sep 2023 -8.4% | Dec 2023 -58% | Mar 2024 107% | Jun 2024 -23% | Sep 2024 -114% | Dec 2024 28% | Mar 2025 -4.5% | Jun 2025 366% | Sep 2025 — | Dec 2025 -5.1% | Mar 2026 58% | Jun 2026 -62%
- SAN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.7% | Sep 2022 -72% | Dec 2022 -75% | Mar 2023 -0.1% | Jun 2023 308% | Sep 2023 18% | Dec 2023 26% | Mar 2024 8.7% | Jun 2024 -68% | Sep 2024 13% | Dec 2024 11% | Mar 2025 8.0% | Jun 2025 -3.0% | Sep 2025 -3.5% | Dec 2025 5.4% | Mar 2026 12% | Jun 2026 —
- UBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 5.3% | Sep 2022 -24% | Dec 2022 22% | Mar 2023 -52% | Jun 2023 1,191% | Sep 2023 -141% | Dec 2023 -117% | Mar 2024 70% | Jun 2024 -96% | Sep 2024 — | Dec 2024 — | Mar 2025 -3.5% | Jun 2025 104% | Sep 2025 74% | Dec 2025 55% | Mar 2026 79% | Jun 2026 —
- BBVA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 91% | Sep 2022 19% | Dec 2022 8.8% | Mar 2023 51% | Jun 2023 20% | Sep 2023 8.0% | Dec 2023 25% | Mar 2024 16% | Jun 2024 37% | Sep 2024 28% | Dec 2024 21% | Mar 2025 25% | Jun 2025 -1.1% | Sep 2025 -2.6% | Dec 2025 3.0% | Mar 2026 11% | Jun 2026 —
- BMO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -40% | Dec 2022 108% | Mar 2023 -95% | Jun 2023 -78% | Sep 2023 15% | Dec 2023 -62% | Mar 2024 871% | Jun 2024 81% | Sep 2024 19% | Dec 2024 35% | Mar 2025 65% | Jun 2025 5.1% | Sep 2025 25% | Dec 2025 -0.4% | Mar 2026 16% | Jun 2026 34%
- BNS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 2.1% | Dec 2022 -18% | Mar 2023 -36% | Jun 2023 -22% | Sep 2023 -16% | Dec 2023 -35% | Mar 2024 25% | Jun 2024 -2.5% | Sep 2024 -13% | Dec 2024 25% | Mar 2025 -55% | Jun 2025 -2.9% | Sep 2025 32% | Dec 2025 31% | Mar 2026 132% | Jun 2026 30%
- CM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -3.7% | Dec 2022 -18% | Mar 2023 -77% | Jun 2023 11% | Sep 2023 -14% | Dec 2023 25% | Mar 2024 299% | Jun 2024 3.6% | Sep 2024 25% | Dec 2024 27% | Mar 2025 26% | Jun 2025 15% | Sep 2025 17% | Dec 2025 16% | Mar 2026 43% | Jun 2026 23%
- BNY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -16% | Sep 2022 -59% | Dec 2022 -38% | Mar 2023 28% | Jun 2023 24% | Sep 2023 169% | Dec 2023 -62% | Mar 2024 4.6% | Jun 2024 9.0% | Sep 2024 14% | Dec 2024 462% | Mar 2025 19% | Jun 2025 23% | Sep 2025 23% | Dec 2025 27% | Mar 2026 33% | Jun 2026 —
- ING: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -19% | Sep 2022 -32% | Dec 2022 16% | Mar 2023 243% | Jun 2023 83% | Sep 2023 115% | Dec 2023 43% | Mar 2024 0.6% | Jun 2024 -17% | Sep 2024 -5.1% | Dec 2024 -24% | Mar 2025 -7.3% | Jun 2025 -5.4% | Sep 2025 -4.5% | Dec 2025 21% | Mar 2026 5.7% | Jun 2026 —
- BCS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -43% | Sep 2022 9.4% | Dec 2022 1.4% | Mar 2023 26% | Jun 2023 25% | Sep 2023 -10% | Dec 2023 -90% | Mar 2024 -11% | Jun 2024 -6.2% | Sep 2024 18% | Dec 2024 812% | Mar 2025 16% | Jun 2025 28% | Sep 2025 -5.9% | Dec 2025 21% | Mar 2026 3.7% | Jun 2026 —
- NTB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 23% | Sep 2022 43% | Dec 2022 50% | Mar 2023 41% | Jun 2023 24% | Sep 2023 -14% | Dec 2023 -14% | Mar 2024 -15% | Jun 2024 -16% | Sep 2024 8.2% | Dec 2024 11% | Mar 2025 1.9% | Jun 2025 3.9% | Sep 2025 15% | Dec 2025 6.7% | Mar 2026 17% | Jun 2026 —
- FRBT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 9.1% | Jun 2026 —

## Funding Base & Its Composition

What the numbers say: JPMorgan Chase & Co. leads both deposits at $2,713,700 million and borrowings at $460,523 million.

Investor read: JPMorgan Chase & Co. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

Evidence: JPMorgan Chase & Co. · $2,713,700 million | 34% versus #2 · Bank of America Corporation | 8/8 recent comparable periods | 17/18 companies · 286 observations

Definition: For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.

### Deposits — largest deposit bases
1. JPMorgan Chase & Co. (JPM): ₹27.1 L Cr
2. Bank of America Corporation (BAC): ₹20.3 L Cr
3. HSBC Holdings plc (HSBC): ₹17.8 L Cr
4. Royal Bank of Canada (RY): ₹15.8 L Cr
5. Wells Fargo & Company (WFC): ₹15.0 L Cr

### Borrowings — largest borrowings
1. JPMorgan Chase & Co. (JPM): ₹4.6 L Cr
2. UBS Group AG (UBS): ₹3.4 L Cr
3. Bank of America Corporation (BAC): ₹3.4 L Cr
4. Citigroup Inc. (C): ₹3.3 L Cr
5. HSBC Holdings plc (HSBC): ₹2.7 L Cr

### 20-quarter Deposits history
- JPM: Sep 2021 ₹24.0 L Cr | Dec 2021 ₹24.6 L Cr | Mar 2022 ₹25.6 L Cr | Jun 2022 ₹24.7 L Cr | Sep 2022 ₹24.1 L Cr | Dec 2022 ₹23.4 L Cr | Mar 2023 ₹23.8 L Cr | Jun 2023 ₹24.0 L Cr | Sep 2023 ₹23.8 L Cr | Dec 2023 ₹24.0 L Cr | Mar 2024 ₹24.3 L Cr | Jun 2024 ₹24.0 L Cr | Sep 2024 ₹24.3 L Cr | Dec 2024 ₹24.1 L Cr | Mar 2025 ₹25.0 L Cr | Jun 2025 ₹25.6 L Cr | Sep 2025 ₹25.5 L Cr | Dec 2025 ₹25.6 L Cr | Mar 2026 ₹26.8 L Cr | Jun 2026 ₹27.1 L Cr
- BAC: Sep 2021 ₹19.6 L Cr | Dec 2021 ₹20.6 L Cr | Mar 2022 ₹20.7 L Cr | Jun 2022 ₹19.8 L Cr | Sep 2022 ₹19.4 L Cr | Dec 2022 ₹19.3 L Cr | Mar 2023 ₹19.1 L Cr | Jun 2023 ₹18.8 L Cr | Sep 2023 ₹18.8 L Cr | Dec 2023 ₹19.2 L Cr | Mar 2024 ₹19.5 L Cr | Jun 2024 ₹19.1 L Cr | Sep 2024 ₹19.3 L Cr | Dec 2024 ₹19.7 L Cr | Mar 2025 ₹19.9 L Cr | Jun 2025 ₹20.1 L Cr | Sep 2025 ₹20.0 L Cr | Dec 2025 ₹20.2 L Cr | Mar 2026 ₹20.4 L Cr | Jun 2026 ₹20.3 L Cr
- HSBC: Sep 2021 ₹16.9 L Cr | Dec 2021 ₹17.1 L Cr | Mar 2022 ₹17.1 L Cr | Jun 2022 ₹16.5 L Cr | Sep 2022 ₹15.7 L Cr | Dec 2022 ₹15.7 L Cr | Mar 2023 ₹16.0 L Cr | Jun 2023 ₹16.0 L Cr | Sep 2023 ₹15.6 L Cr | Dec 2023 ₹16.1 L Cr | Mar 2024 ₹15.7 L Cr | Jun 2024 ₹15.9 L Cr | Sep 2024 ₹16.6 L Cr | Dec 2024 ₹16.5 L Cr | Mar 2025 ₹16.7 L Cr | Jun 2025 ₹17.2 L Cr | Sep 2025 ₹17.4 L Cr | Dec 2025 ₹17.9 L Cr | Mar 2026 ₹17.8 L Cr | Jun 2026 —
- RY: Sep 2021 ₹10.8 L Cr | Dec 2021 ₹11.0 L Cr | Mar 2022 ₹11.4 L Cr | Jun 2022 ₹11.5 L Cr | Sep 2022 ₹11.8 L Cr | Dec 2022 ₹12.1 L Cr | Mar 2023 ₹12.0 L Cr | Jun 2023 ₹12.1 L Cr | Sep 2023 ₹12.2 L Cr | Dec 2023 ₹12.3 L Cr | Mar 2024 ₹12.4 L Cr | Jun 2024 ₹13.3 L Cr | Sep 2024 ₹13.6 L Cr | Dec 2024 ₹14.1 L Cr | Mar 2025 ₹14.4 L Cr | Jun 2025 ₹14.5 L Cr | Sep 2025 ₹14.8 L Cr | Dec 2025 ₹15.2 L Cr | Mar 2026 ₹15.4 L Cr | Jun 2026 ₹15.8 L Cr
- WFC: Sep 2021 ₹14.7 L Cr | Dec 2021 ₹14.8 L Cr | Mar 2022 ₹14.8 L Cr | Jun 2022 ₹14.3 L Cr | Sep 2022 ₹14.0 L Cr | Dec 2022 ₹13.8 L Cr | Mar 2023 ₹13.6 L Cr | Jun 2023 ₹13.4 L Cr | Sep 2023 ₹13.5 L Cr | Dec 2023 ₹13.6 L Cr | Mar 2024 ₹13.8 L Cr | Jun 2024 ₹13.7 L Cr | Sep 2024 ₹13.5 L Cr | Dec 2024 ₹13.7 L Cr | Mar 2025 ₹13.6 L Cr | Jun 2025 ₹13.4 L Cr | Sep 2025 ₹13.7 L Cr | Dec 2025 ₹14.3 L Cr | Mar 2026 ₹14.5 L Cr | Jun 2026 ₹15.0 L Cr
- C: Sep 2021 ₹13.5 L Cr | Dec 2021 ₹13.2 L Cr | Mar 2022 ₹13.3 L Cr | Jun 2022 ₹13.2 L Cr | Sep 2022 ₹13.1 L Cr | Dec 2022 ₹13.7 L Cr | Mar 2023 ₹13.3 L Cr | Jun 2023 ₹13.2 L Cr | Sep 2023 ₹12.7 L Cr | Dec 2023 ₹13.1 L Cr | Mar 2024 ₹13.1 L Cr | Jun 2024 ₹12.8 L Cr | Sep 2024 ₹13.1 L Cr | Dec 2024 ₹12.8 L Cr | Mar 2025 ₹13.2 L Cr | Jun 2025 ₹13.6 L Cr | Sep 2025 ₹13.8 L Cr | Dec 2025 ₹14.0 L Cr | Mar 2026 ₹14.5 L Cr | Jun 2026 ₹14.9 L Cr
- TD: Sep 2021 ₹11.2 L Cr | Dec 2021 ₹11.3 L Cr | Mar 2022 ₹11.6 L Cr | Jun 2022 ₹11.8 L Cr | Sep 2022 ₹12.0 L Cr | Dec 2022 ₹12.3 L Cr | Mar 2023 ₹12.2 L Cr | Jun 2023 ₹11.9 L Cr | Sep 2023 ₹11.6 L Cr | Dec 2023 ₹12.0 L Cr | Mar 2024 ₹11.8 L Cr | Jun 2024 ₹12.0 L Cr | Sep 2024 ₹12.2 L Cr | Dec 2024 ₹12.7 L Cr | Mar 2025 ₹12.9 L Cr | Jun 2025 ₹12.7 L Cr | Sep 2025 ₹12.6 L Cr | Dec 2025 ₹12.7 L Cr | Mar 2026 ₹12.5 L Cr | Jun 2026 ₹12.4 L Cr
- SAN: Sep 2021 — | Dec 2021 ₹9.1 L Cr | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹10.0 L Cr | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 ₹10.3 L Cr | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 ₹10.4 L Cr | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 ₹10.1 L Cr | Mar 2026 — | Jun 2026 —
- UBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 ₹7.9 L Cr | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- BBVA: Sep 2021 ₹4.8 L Cr | Dec 2021 ₹4.9 L Cr | Mar 2022 ₹5.0 L Cr | Jun 2022 ₹5.3 L Cr | Sep 2022 ₹5.5 L Cr | Dec 2022 ₹5.3 L Cr | Mar 2023 ₹5.4 L Cr | Jun 2023 ₹5.4 L Cr | Sep 2023 ₹5.4 L Cr | Dec 2023 ₹5.6 L Cr | Mar 2024 ₹5.8 L Cr | Jun 2024 ₹5.7 L Cr | Sep 2024 ₹5.7 L Cr | Dec 2024 ₹5.8 L Cr | Mar 2025 ₹5.9 L Cr | Jun 2025 ₹5.9 L Cr | Sep 2025 ₹6.2 L Cr | Dec 2025 ₹6.6 L Cr | Mar 2026 ₹6.7 L Cr | Jun 2026 —
- BMO: Sep 2021 ₹6.8 L Cr | Dec 2021 ₹6.9 L Cr | Mar 2022 ₹7.0 L Cr | Jun 2022 ₹7.1 L Cr | Sep 2022 ₹7.3 L Cr | Dec 2022 ₹7.7 L Cr | Mar 2023 ₹7.9 L Cr | Jun 2023 ₹8.8 L Cr | Sep 2023 ₹8.8 L Cr | Dec 2023 ₹9.1 L Cr | Mar 2024 ₹9.1 L Cr | Jun 2024 ₹9.4 L Cr | Sep 2024 ₹9.7 L Cr | Dec 2024 ₹9.8 L Cr | Mar 2025 ₹10.0 L Cr | Jun 2025 ₹9.6 L Cr | Sep 2025 ₹9.6 L Cr | Dec 2025 ₹9.8 L Cr | Mar 2026 ₹9.5 L Cr | Jun 2026 ₹9.7 L Cr
- BNS: Sep 2021 ₹7.9 L Cr | Dec 2021 ₹8.0 L Cr | Mar 2022 ₹8.5 L Cr | Jun 2022 ₹8.8 L Cr | Sep 2022 ₹8.8 L Cr | Dec 2022 ₹9.2 L Cr | Mar 2023 ₹9.5 L Cr | Jun 2023 ₹9.5 L Cr | Sep 2023 ₹9.6 L Cr | Dec 2023 ₹9.5 L Cr | Mar 2024 ₹9.4 L Cr | Jun 2024 ₹9.4 L Cr | Sep 2024 ₹9.5 L Cr | Dec 2024 ₹9.4 L Cr | Mar 2025 ₹9.7 L Cr | Jun 2025 ₹9.5 L Cr | Sep 2025 ₹9.5 L Cr | Dec 2025 ₹9.7 L Cr | Mar 2026 ₹9.7 L Cr | Jun 2026 ₹9.8 L Cr
- CM: Sep 2021 ₹6.0 L Cr | Dec 2021 ₹6.2 L Cr | Mar 2022 ₹6.5 L Cr | Jun 2022 ₹6.7 L Cr | Sep 2022 ₹6.8 L Cr | Dec 2022 ₹7.0 L Cr | Mar 2023 ₹6.9 L Cr | Jun 2023 ₹7.1 L Cr | Sep 2023 ₹7.0 L Cr | Dec 2023 ₹7.2 L Cr | Mar 2024 ₹7.2 L Cr | Jun 2024 ₹7.3 L Cr | Sep 2024 ₹7.4 L Cr | Dec 2024 ₹7.6 L Cr | Mar 2025 ₹7.8 L Cr | Jun 2025 ₹7.8 L Cr | Sep 2025 ₹7.9 L Cr | Dec 2025 ₹8.1 L Cr | Mar 2026 ₹8.2 L Cr | Jun 2026 ₹8.3 L Cr
- ING: Sep 2021 ₹6.2 L Cr | Dec 2021 ₹6.2 L Cr | Mar 2022 ₹6.3 L Cr | Jun 2022 ₹6.4 L Cr | Sep 2022 ₹6.6 L Cr | Dec 2022 ₹6.4 L Cr | Mar 2023 ₹6.6 L Cr | Jun 2023 ₹6.8 L Cr | Sep 2023 ₹6.6 L Cr | Dec 2023 ₹6.5 L Cr | Mar 2024 ₹6.7 L Cr | Jun 2024 ₹6.9 L Cr | Sep 2024 ₹7.0 L Cr | Dec 2024 ₹6.9 L Cr | Mar 2025 ₹7.3 L Cr | Jun 2025 ₹7.4 L Cr | Sep 2025 ₹7.4 L Cr | Dec 2025 ₹7.2 L Cr | Mar 2026 ₹7.5 L Cr | Jun 2026 —
- BCS: Sep 2021 ₹5.1 L Cr | Dec 2021 ₹5.2 L Cr | Mar 2022 ₹5.5 L Cr | Jun 2022 ₹5.7 L Cr | Sep 2022 ₹5.7 L Cr | Dec 2022 ₹5.5 L Cr | Mar 2023 ₹5.6 L Cr | Jun 2023 ₹5.5 L Cr | Sep 2023 ₹5.6 L Cr | Dec 2023 ₹5.4 L Cr | Mar 2024 ₹5.5 L Cr | Jun 2024 ₹5.6 L Cr | Sep 2024 ₹5.4 L Cr | Dec 2024 ₹5.6 L Cr | Mar 2025 ₹5.7 L Cr | Jun 2025 ₹5.6 L Cr | Sep 2025 ₹5.8 L Cr | Dec 2025 ₹5.9 L Cr | Mar 2026 ₹5.9 L Cr | Jun 2026 —
- NTB: Sep 2021 ₹13.9K Cr | Dec 2021 ₹13.9K Cr | Mar 2022 ₹13.9K Cr | Jun 2022 ₹13.1K Cr | Sep 2022 ₹12.5K Cr | Dec 2022 ₹13.0K Cr | Mar 2023 ₹12.3K Cr | Jun 2023 ₹12.2K Cr | Sep 2023 ₹11.9K Cr | Dec 2023 ₹12.0K Cr | Mar 2024 ₹12.1K Cr | Jun 2024 ₹12.5K Cr | Sep 2024 ₹12.7K Cr | Dec 2024 ₹12.7K Cr | Mar 2025 ₹12.6K Cr | Jun 2025 ₹12.8K Cr | Sep 2025 ₹12.7K Cr | Dec 2025 ₹12.7K Cr | Mar 2026 ₹12.9K Cr | Jun 2026 —
- FRBT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹5.6K Cr | Dec 2024 ₹5.6K Cr | Mar 2025 — | Jun 2025 — | Sep 2025 ₹6.8K Cr | Dec 2025 ₹6.8K Cr | Mar 2026 ₹7.1K Cr | Jun 2026 —

### 20-quarter Borrowings history
- JPM: Sep 2021 ₹3.0 L Cr | Dec 2021 ₹3.0 L Cr | Mar 2022 ₹2.9 L Cr | Jun 2022 ₹2.9 L Cr | Sep 2022 ₹2.9 L Cr | Dec 2022 ₹3.0 L Cr | Mar 2023 ₹3.0 L Cr | Jun 2023 ₹3.6 L Cr | Sep 2023 ₹3.6 L Cr | Dec 2023 ₹3.9 L Cr | Mar 2024 ₹4.0 L Cr | Jun 2024 ₹3.9 L Cr | Sep 2024 ₹4.1 L Cr | Dec 2024 ₹4.0 L Cr | Mar 2025 ₹4.1 L Cr | Jun 2025 ₹4.2 L Cr | Sep 2025 ₹4.3 L Cr | Dec 2025 ₹4.4 L Cr | Mar 2026 ₹4.5 L Cr | Jun 2026 ₹4.6 L Cr
- BAC: Sep 2021 ₹2.8 L Cr | Dec 2021 ₹2.8 L Cr | Mar 2022 ₹2.8 L Cr | Jun 2022 ₹2.8 L Cr | Sep 2022 ₹2.7 L Cr | Dec 2022 ₹2.8 L Cr | Mar 2023 ₹2.8 L Cr | Jun 2023 ₹2.9 L Cr | Sep 2023 ₹2.9 L Cr | Dec 2023 ₹3.0 L Cr | Mar 2024 ₹3.0 L Cr | Jun 2024 ₹2.9 L Cr | Sep 2024 ₹3.0 L Cr | Dec 2024 ₹2.8 L Cr | Mar 2025 ₹3.0 L Cr | Jun 2025 ₹3.1 L Cr | Sep 2025 ₹3.1 L Cr | Dec 2025 ₹3.2 L Cr | Mar 2026 ₹3.3 L Cr | Jun 2026 ₹3.4 L Cr
- HSBC: Sep 2021 ₹2.5 L Cr | Dec 2021 ₹2.4 L Cr | Mar 2022 ₹2.4 L Cr | Jun 2022 ₹2.3 L Cr | Sep 2022 ₹2.1 L Cr | Dec 2022 ₹2.3 L Cr | Mar 2023 ₹2.3 L Cr | Jun 2023 ₹2.5 L Cr | Sep 2023 ₹2.3 L Cr | Dec 2023 ₹2.6 L Cr | Mar 2024 ₹2.5 L Cr | Jun 2024 ₹2.6 L Cr | Sep 2024 ₹2.5 L Cr | Dec 2024 ₹2.7 L Cr | Mar 2025 ₹2.5 L Cr | Jun 2025 ₹2.9 L Cr | Sep 2025 ₹2.6 L Cr | Dec 2025 ₹2.9 L Cr | Mar 2026 ₹2.7 L Cr | Jun 2026 —
- RY: Sep 2021 ₹9.1K Cr | Dec 2021 ₹9.6K Cr | Mar 2022 ₹10.6K Cr | Jun 2022 ₹10.3K Cr | Sep 2022 ₹10.1K Cr | Dec 2022 ₹10.0K Cr | Mar 2023 ₹11.5K Cr | Jun 2023 ₹11.6K Cr | Sep 2023 ₹11.2K Cr | Dec 2023 ₹11.4K Cr | Mar 2024 ₹11.5K Cr | Jun 2024 ₹13.5K Cr | Sep 2024 ₹13.4K Cr | Dec 2024 ₹13.5K Cr | Mar 2025 ₹13.7K Cr | Jun 2025 ₹13.7K Cr | Sep 2025 ₹13.8K Cr | Dec 2025 ₹14.0K Cr | Mar 2026 ₹11.9K Cr | Jun 2026 ₹13.5K Cr
- WFC: Sep 2021 ₹1.6 L Cr | Dec 2021 ₹1.6 L Cr | Mar 2022 ₹1.5 L Cr | Jun 2022 ₹1.5 L Cr | Sep 2022 ₹1.6 L Cr | Dec 2022 ₹1.7 L Cr | Mar 2023 ₹1.7 L Cr | Jun 2023 ₹1.7 L Cr | Sep 2023 ₹1.9 L Cr | Dec 2023 ₹2.1 L Cr | Mar 2024 ₹1.9 L Cr | Jun 2024 ₹1.8 L Cr | Sep 2024 ₹1.8 L Cr | Dec 2024 ₹1.7 L Cr | Mar 2025 ₹1.7 L Cr | Jun 2025 ₹1.8 L Cr | Sep 2025 ₹1.8 L Cr | Dec 2025 ₹1.7 L Cr | Mar 2026 ₹1.8 L Cr | Jun 2026 ₹1.8 L Cr
- C: Sep 2021 ₹2.6 L Cr | Dec 2021 ₹2.5 L Cr | Mar 2022 ₹2.5 L Cr | Jun 2022 ₹2.6 L Cr | Sep 2022 ₹2.5 L Cr | Dec 2022 ₹2.7 L Cr | Mar 2023 ₹2.8 L Cr | Jun 2023 ₹2.7 L Cr | Sep 2023 ₹2.8 L Cr | Dec 2023 ₹2.9 L Cr | Mar 2024 ₹2.9 L Cr | Jun 2024 ₹2.8 L Cr | Sep 2024 ₹3.0 L Cr | Dec 2024 ₹2.9 L Cr | Mar 2025 ₹3.0 L Cr | Jun 2025 ₹3.2 L Cr | Sep 2025 ₹3.2 L Cr | Dec 2025 ₹3.2 L Cr | Mar 2026 ₹3.1 L Cr | Jun 2026 ₹3.3 L Cr
- TD: Sep 2021 ₹26.6K Cr | Dec 2021 ₹26.5K Cr | Mar 2022 ₹26.6K Cr | Jun 2022 ₹26.5K Cr | Sep 2022 ₹26.5K Cr | Dec 2022 ₹26.4K Cr | Mar 2023 ₹26.2K Cr | Jun 2023 ₹26.1K Cr | Sep 2023 ₹25.6K Cr | Dec 2023 ₹22.3K Cr | Mar 2024 ₹21.9K Cr | Jun 2024 ₹23.9K Cr | Sep 2024 ₹22.3K Cr | Dec 2024 ₹23.8K Cr | Mar 2025 ₹26.3K Cr | Jun 2025 ₹23.9K Cr | Sep 2025 ₹24.1K Cr | Dec 2025 ₹25.6K Cr | Mar 2026 ₹25.7K Cr | Jun 2026 ₹26.4K Cr
- SAN: Sep 2021 ₹0 Cr | Dec 2021 ₹2.5 L Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹2.8 L Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹3.1 L Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹3.3 L Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹3.2 L Cr | Mar 2026 ₹0 Cr | Jun 2026 —
- UBS: Sep 2021 ₹2.1 L Cr | Dec 2021 ₹2.1 L Cr | Mar 2022 ₹2.0 L Cr | Jun 2022 ₹1.9 L Cr | Sep 2022 ₹1.8 L Cr | Dec 2022 ₹1.9 L Cr | Mar 2023 ₹1.9 L Cr | Jun 2023 ₹3.6 L Cr | Sep 2023 ₹3.5 L Cr | Dec 2023 ₹4.2 L Cr | Mar 2024 ₹3.4 L Cr | Jun 2024 ₹3.4 L Cr | Sep 2024 ₹3.4 L Cr | Dec 2024 ₹3.2 L Cr | Mar 2025 ₹3.3 L Cr | Jun 2025 ₹3.4 L Cr | Sep 2025 ₹3.3 L Cr | Dec 2025 ₹3.3 L Cr | Mar 2026 ₹3.4 L Cr | Jun 2026 —
- BBVA: Sep 2021 ₹0 Cr | Dec 2021 ₹59.2K Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹57.6K Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹58.7K Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹66.8K Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹4.0K Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹73.5K Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹4.6K Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹76.6K Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹6.0K Cr | Mar 2026 ₹0 Cr | Jun 2026 —
- BMO: Sep 2021 ₹7.0K Cr | Dec 2021 ₹6.9K Cr | Mar 2022 ₹8.5K Cr | Jun 2022 ₹8.2K Cr | Sep 2022 ₹7.4K Cr | Dec 2022 ₹8.2K Cr | Mar 2023 ₹8.2K Cr | Jun 2023 ₹8.2K Cr | Sep 2023 ₹8.1K Cr | Dec 2023 ₹8.2K Cr | Mar 2024 ₹8.2K Cr | Jun 2024 ₹8.2K Cr | Sep 2024 ₹9.3K Cr | Dec 2024 ₹8.4K Cr | Mar 2025 ₹8.6K Cr | Jun 2025 ₹9.7K Cr | Sep 2025 ₹8.5K Cr | Dec 2025 ₹8.5K Cr | Mar 2026 ₹8.4K Cr | Jun 2026 ₹8.3K Cr
- BNS: Sep 2021 ₹6.4K Cr | Dec 2021 ₹6.3K Cr | Mar 2022 ₹6.3K Cr | Jun 2022 ₹8.4K Cr | Sep 2022 ₹8.4K Cr | Dec 2022 ₹8.5K Cr | Mar 2023 ₹8.7K Cr | Jun 2023 ₹8.8K Cr | Sep 2023 ₹9.6K Cr | Dec 2023 ₹9.7K Cr | Mar 2024 ₹8.0K Cr | Jun 2024 ₹8.1K Cr | Sep 2024 ₹7.7K Cr | Dec 2024 ₹7.8K Cr | Mar 2025 ₹8.0K Cr | Jun 2025 ₹7.9K Cr | Sep 2025 ₹7.6K Cr | Dec 2025 ₹7.7K Cr | Mar 2026 ₹5.8K Cr | Jun 2026 ₹5.8K Cr
- CM: Sep 2021 ₹5.7K Cr | Dec 2021 ₹5.5K Cr | Mar 2022 ₹5.5K Cr | Jun 2022 ₹6.3K Cr | Sep 2022 ₹6.4K Cr | Dec 2022 ₹6.3K Cr | Mar 2023 ₹7.3K Cr | Jun 2023 ₹6.6K Cr | Sep 2023 ₹6.5K Cr | Dec 2023 ₹6.5K Cr | Mar 2024 ₹7.8K Cr | Jun 2024 ₹7.8K Cr | Sep 2024 ₹7.5K Cr | Dec 2024 ₹7.5K Cr | Mar 2025 ₹7.5K Cr | Jun 2025 ₹8.8K Cr | Sep 2025 ₹7.7K Cr | Dec 2025 ₹7.8K Cr | Mar 2026 ₹7.8K Cr | Jun 2026 ₹6.7K Cr
- BNY: Sep 2021 ₹37.8K Cr | Dec 2021 ₹38.2K Cr | Mar 2022 ₹38.7K Cr | Jun 2022 ₹39.6K Cr | Sep 2022 ₹39.5K Cr | Dec 2022 ₹43.2K Cr | Mar 2023 ₹59.6K Cr | Jun 2023 ₹55.1K Cr | Sep 2023 ₹44.7K Cr | Dec 2023 ₹46.2K Cr | Mar 2024 ₹47.8K Cr | Jun 2024 ₹47.2K Cr | Sep 2024 ₹48.5K Cr | Dec 2024 ₹45.4K Cr | Mar 2025 ₹48.4K Cr | Jun 2025 ₹51.6K Cr | Sep 2025 ₹51.5K Cr | Dec 2025 ₹53.3K Cr | Mar 2026 ₹53.3K Cr | Jun 2026 ₹61.7K Cr
- ING: Sep 2021 ₹1.1 L Cr | Dec 2021 ₹1.1 L Cr | Mar 2022 ₹1.2 L Cr | Jun 2022 ₹1.1 L Cr | Sep 2022 ₹1.1 L Cr | Dec 2022 ₹1.1 L Cr | Mar 2023 ₹1.2 L Cr | Jun 2023 ₹1.4 L Cr | Sep 2023 ₹1.4 L Cr | Dec 2023 ₹1.4 L Cr | Mar 2024 ₹1.6 L Cr | Jun 2024 ₹1.6 L Cr | Sep 2024 ₹1.7 L Cr | Dec 2024 ₹1.6 L Cr | Mar 2025 ₹1.7 L Cr | Jun 2025 ₹1.7 L Cr | Sep 2025 ₹1.7 L Cr | Dec 2025 ₹1.7 L Cr | Mar 2026 ₹1.8 L Cr | Jun 2026 —
- BCS: Sep 2021 ₹1.1 L Cr | Dec 2021 ₹1.1 L Cr | Mar 2022 ₹1.2 L Cr | Jun 2022 ₹1.3 L Cr | Sep 2022 ₹1.3 L Cr | Dec 2022 ₹1.2 L Cr | Mar 2023 ₹1.3 L Cr | Jun 2023 ₹1.2 L Cr | Sep 2023 ₹1.1 L Cr | Dec 2023 ₹1.1 L Cr | Mar 2024 ₹1.2 L Cr | Jun 2024 ₹1.1 L Cr | Sep 2024 ₹1.0 L Cr | Dec 2024 ₹1.0 L Cr | Mar 2025 ₹1.1 L Cr | Jun 2025 ₹1.2 L Cr | Sep 2025 ₹1.2 L Cr | Dec 2025 ₹1.3 L Cr | Mar 2026 ₹1.4 L Cr | Jun 2026 —
- NTB: Sep 2021 ₹172 Cr | Dec 2021 ₹172 Cr | Mar 2022 ₹172 Cr | Jun 2022 ₹172 Cr | Sep 2022 ₹172 Cr | Dec 2022 ₹172 Cr | Mar 2023 ₹172 Cr | Jun 2023 ₹98 Cr | Sep 2023 ₹98 Cr | Dec 2023 ₹98 Cr | Mar 2024 ₹99 Cr | Jun 2024 ₹99 Cr | Sep 2024 ₹99 Cr | Dec 2024 ₹99 Cr | Mar 2025 ₹99 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 —
- FRBT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹875 Cr | Dec 2024 ₹875 Cr | Mar 2025 — | Jun 2025 — | Sep 2025 ₹151 Cr | Dec 2025 ₹151 Cr | Mar 2026 ₹151 Cr | Jun 2026 —

## Return On Assets

What the numbers say: The Bank of New York Mellon Corporation leads both roa at 0.4% and roa change at +0.1 percentage points.

Investor read: The Bank of New York Mellon Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

Evidence: The Bank of New York Mellon Corporation · 0.4% | Not enough peers | 3/8 recent comparable periods | 1/18 companies · 20 observations

Definition: ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.

### ROA — highest
1. The Bank of New York Mellon Corporation (BNY): 0.4%

### ROA change — fastest improvers
1. The Bank of New York Mellon Corporation (BNY): +0.1 pp

### 20-quarter ROA history
- BNY: Sep 2021 0.2% | Dec 2021 0.2% | Mar 2022 0.2% | Jun 2022 0.2% | Sep 2022 0.1% | Dec 2022 0.1% | Mar 2023 0.2% | Jun 2023 0.2% | Sep 2023 0.3% | Dec 2023 0.2% | Mar 2024 0.2% | Jun 2024 0.3% | Sep 2024 0.3% | Dec 2024 0.3% | Mar 2025 0.3% | Jun 2025 0.3% | Sep 2025 0.3% | Dec 2025 0.3% | Mar 2026 0.3% | Jun 2026 0.4%

### 20-quarter ROA change history
- BNY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 −0.1 pp | Mar 2023 0.0 pp | Jun 2023 0.0 pp | Sep 2023 +0.2 pp | Dec 2023 +0.1 pp | Mar 2024 0.0 pp | Jun 2024 +0.1 pp | Sep 2024 0.0 pp | Dec 2024 +0.1 pp | Mar 2025 +0.1 pp | Jun 2025 0.0 pp | Sep 2025 0.0 pp | Dec 2025 0.0 pp | Mar 2026 0.0 pp | Jun 2026 +0.1 pp

## ROE — Leaders & Improvers

What the numbers say: JPMorgan Chase & Co. leads both roe at 5.8% and roe change at +1.5 percentage points.

Investor read: JPMorgan Chase & Co. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

Evidence: JPMorgan Chase & Co. · 5.8% | 1.8% versus #2 · The Bank of N.T. Butterfield & Son Limited | 5/8 recent comparable periods | 18/18 companies · 333 observations

Definition: ROE shows the return to shareholders, but should be read with asset quality and leverage.

### ROE — highest
1. JPMorgan Chase & Co. (JPM): 5.8%
2. The Bank of N.T. Butterfield & Son Limited (NTB): 5.7%
3. Banco Bilbao Vizcaya Argentaria, S.A. (BBVA): 5.3%
4. The Bank of New York Mellon Corporation (BNY): 4.0%
5. Royal Bank of Canada (RY): 4.0%

### ROE change — fastest improvers
1. JPMorgan Chase & Co. (JPM): +1.5 pp
2. UBS Group AG (UBS): +1.4 pp
3. Citigroup Inc. (C): +0.9 pp
4. Bank of Montreal (BMO): +0.7 pp
5. Bank of America Corporation (BAC): +0.6 pp

### 20-quarter ROE history
- JPM: Sep 2021 4.2% | Dec 2021 3.6% | Mar 2022 2.9% | Jun 2022 3.0% | Sep 2022 3.4% | Dec 2022 3.8% | Mar 2023 4.3% | Jun 2023 4.8% | Sep 2023 4.3% | Dec 2023 3.0% | Mar 2024 4.2% | Jun 2024 5.6% | Sep 2024 3.9% | Dec 2024 4.2% | Mar 2025 4.3% | Jun 2025 4.3% | Sep 2025 4.1% | Dec 2025 3.7% | Mar 2026 4.6% | Jun 2026 5.8%
- BAC: Sep 2021 2.8% | Dec 2021 2.6% | Mar 2022 2.6% | Jun 2022 2.3% | Sep 2022 2.6% | Dec 2022 2.6% | Mar 2023 3.0% | Jun 2023 2.7% | Sep 2023 2.8% | Dec 2023 1.1% | Mar 2024 2.3% | Jun 2024 2.4% | Sep 2024 2.4% | Dec 2024 2.3% | Mar 2025 2.5% | Jun 2025 2.4% | Sep 2025 2.8% | Dec 2025 2.5% | Mar 2026 2.9% | Jun 2026 3.0%
- HSBC: Sep 2021 2.1% | Dec 2021 1.0% | Mar 2022 1.7% | Jun 2022 2.9% | Sep 2022 1.4% | Dec 2022 2.4% | Mar 2023 5.5% | Jun 2023 3.6% | Sep 2023 3.3% | Dec 2023 0.1% | Mar 2024 5.5% | Jun 2024 3.6% | Sep 2024 3.5% | Dec 2024 0.3% | Mar 2025 3.8% | Jun 2025 2.5% | Sep 2025 2.8% | Dec 2025 2.6% | Mar 2026 3.7% | Jun 2026 —
- RY: Sep 2021 — | Dec 2021 4.2% | Mar 2022 4.3% | Jun 2022 4.3% | Sep 2022 3.6% | Dec 2022 3.8% | Mar 2023 3.0% | Jun 2023 3.4% | Sep 2023 3.6% | Dec 2023 3.5% | Mar 2024 3.2% | Jun 2024 3.4% | Sep 2024 3.8% | Dec 2024 3.5% | Mar 2025 4.1% | Jun 2025 3.5% | Sep 2025 4.2% | Dec 2025 4.1% | Mar 2026 4.2% | Jun 2026 4.0%
- WFC: Sep 2021 2.9% | Dec 2021 3.7% | Mar 2022 2.1% | Jun 2022 1.6% | Sep 2022 1.9% | Dec 2022 1.6% | Mar 2023 2.7% | Jun 2023 2.7% | Sep 2023 3.2% | Dec 2023 1.9% | Mar 2024 2.5% | Jun 2024 2.7% | Sep 2024 2.8% | Dec 2024 2.9% | Mar 2025 2.6% | Jun 2025 3.1% | Sep 2025 3.0% | Dec 2025 3.0% | Mar 2026 2.9% | Jun 2026 3.6%
- C: Sep 2021 2.4% | Dec 2021 1.6% | Mar 2022 2.2% | Jun 2022 2.4% | Sep 2022 1.8% | Dec 2022 1.3% | Mar 2023 2.3% | Jun 2023 1.4% | Sep 2023 1.8% | Dec 2023 -0.9% | Mar 2024 1.6% | Jun 2024 1.6% | Sep 2024 1.6% | Dec 2024 1.4% | Mar 2025 2.0% | Jun 2025 1.9% | Sep 2025 1.8% | Dec 2025 1.2% | Mar 2026 2.8% | Jun 2026 2.8%
- TD: Sep 2021 — | Dec 2021 3.6% | Mar 2022 3.5% | Jun 2022 3.7% | Sep 2022 2.9% | Dec 2022 6.0% | Mar 2023 1.2% | Jun 2023 2.8% | Sep 2023 2.5% | Dec 2023 2.4% | Mar 2024 2.4% | Jun 2024 2.1% | Sep 2024 -0.3% | Dec 2024 3.0% | Mar 2025 2.2% | Jun 2025 9.3% | Sep 2025 2.8% | Dec 2025 2.7% | Mar 2026 3.3% | Jun 2026 3.4%
- SAN: Sep 2021 10% | Dec 2021 11% | Mar 2022 3.0% | Jun 2022 2.8% | Sep 2022 2.8% | Dec 2022 2.6% | Mar 2023 2.9% | Jun 2023 11% | Sep 2023 3.1% | Dec 2023 3.2% | Mar 2024 3.0% | Jun 2024 3.4% | Sep 2024 3.5% | Dec 2024 3.4% | Mar 2025 3.1% | Jun 2025 3.2% | Sep 2025 3.2% | Dec 2025 3.4% | Mar 2026 3.4% | Jun 2026 —
- UBS: Sep 2021 3.8% | Dec 2021 2.3% | Mar 2022 3.6% | Jun 2022 3.6% | Sep 2022 3.0% | Dec 2022 2.8% | Mar 2023 1.8% | Jun 2023 38% | Sep 2023 -1.0% | Dec 2023 -0.4% | Mar 2024 2.5% | Jun 2024 1.4% | Sep 2024 1.7% | Dec 2024 0.9% | Mar 2025 2.0% | Jun 2025 2.8% | Sep 2025 2.8% | Dec 2025 1.4% | Mar 2026 3.4% | Jun 2026 —
- BBVA: Sep 2021 3.3% | Dec 2021 3.2% | Mar 2022 2.7% | Jun 2022 3.6% | Sep 2022 3.9% | Dec 2022 3.4% | Mar 2023 4.0% | Jun 2023 4.2% | Sep 2023 4.1% | Dec 2023 4.0% | Mar 2024 4.3% | Jun 2024 5.4% | Sep 2024 5.0% | Dec 2024 4.5% | Mar 2025 5.0% | Jun 2025 4.9% | Sep 2025 4.5% | Dec 2025 4.4% | Mar 2026 5.3% | Jun 2026 —
- BMO: Sep 2021 — | Dec 2021 3.8% | Mar 2022 5.1% | Jun 2022 7.9% | Sep 2022 2.2% | Dec 2022 7.0% | Mar 2023 0.2% | Jun 2023 1.5% | Sep 2023 2.2% | Dec 2023 2.3% | Mar 2024 1.7% | Jun 2024 2.4% | Sep 2024 2.4% | Dec 2024 2.9% | Mar 2025 2.6% | Jun 2025 2.4% | Sep 2025 2.7% | Dec 2025 2.7% | Mar 2026 2.9% | Jun 2026 3.1%
- BNS: Sep 2021 — | Dec 2021 3.6% | Mar 2022 3.8% | Jun 2022 3.9% | Sep 2022 3.6% | Dec 2022 2.8% | Mar 2023 2.3% | Jun 2023 2.8% | Sep 2023 2.9% | Dec 2023 1.8% | Mar 2024 2.8% | Jun 2024 2.6% | Sep 2024 2.4% | Dec 2024 2.1% | Mar 2025 1.2% | Jun 2025 2.4% | Sep 2025 3.0% | Dec 2025 2.6% | Mar 2026 2.6% | Jun 2026 3.0%
- CM: Sep 2021 — | Dec 2021 3.3% | Mar 2022 4.2% | Jun 2022 3.4% | Sep 2022 3.6% | Dec 2022 2.5% | Mar 2023 0.9% | Jun 2023 3.4% | Sep 2023 2.9% | Dec 2023 2.9% | Mar 2024 3.3% | Jun 2024 3.3% | Sep 2024 3.3% | Dec 2024 3.4% | Mar 2025 3.7% | Jun 2025 3.4% | Sep 2025 3.5% | Dec 2025 3.5% | Mar 2026 4.9% | Jun 2026 3.9%
- BNY: Sep 2021 2.1% | Dec 2021 1.9% | Mar 2022 1.7% | Jun 2022 2.0% | Sep 2022 0.9% | Dec 2022 1.3% | Mar 2023 2.4% | Jun 2023 2.6% | Sep 2023 2.6% | Dec 2023 0.5% | Mar 2024 2.5% | Jun 2024 2.8% | Sep 2024 2.8% | Dec 2024 2.8% | Mar 2025 2.9% | Jun 2025 3.4% | Sep 2025 3.4% | Dec 2025 3.4% | Mar 2026 3.7% | Jun 2026 4.0%
- ING: Sep 2021 2.5% | Dec 2021 1.9% | Mar 2022 0.9% | Jun 2022 2.2% | Sep 2022 1.8% | Dec 2022 2.1% | Mar 2023 3.1% | Jun 2023 4.3% | Sep 2023 3.9% | Dec 2023 3.0% | Mar 2024 3.1% | Jun 2024 3.6% | Sep 2024 3.7% | Dec 2024 2.4% | Mar 2025 2.8% | Jun 2025 3.4% | Sep 2025 3.6% | Dec 2025 2.9% | Mar 2026 3.1% | Jun 2026 —
- BCS: Sep 2021 2.3% | Dec 2021 1.9% | Mar 2022 2.4% | Jun 2022 1.9% | Sep 2022 2.5% | Dec 2022 1.9% | Mar 2023 2.9% | Jun 2023 2.3% | Sep 2023 2.3% | Dec 2023 0.2% | Mar 2024 2.5% | Jun 2024 2.2% | Sep 2024 2.6% | Dec 2024 1.7% | Mar 2025 2.8% | Jun 2025 2.6% | Sep 2025 2.3% | Dec 2025 2.0% | Mar 2026 2.9% | Jun 2026 —
- NTB: Sep 2021 4.1% | Dec 2021 4.3% | Mar 2022 5.0% | Jun 2022 5.6% | Sep 2022 6.6% | Dec 2022 6.9% | Mar 2023 7.0% | Jun 2023 7.0% | Sep 2023 5.8% | Dec 2023 5.7% | Mar 2024 5.5% | Jun 2024 5.2% | Sep 2024 5.3% | Dec 2024 5.9% | Mar 2025 5.2% | Jun 2025 5.2% | Sep 2025 5.6% | Dec 2025 5.9% | Mar 2026 5.7% | Jun 2026 —
- FRBT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.0% | Dec 2024 0.0% | Mar 2025 — | Jun 2025 — | Sep 2025 0.0% | Dec 2025 0.0% | Mar 2026 2.8% | Jun 2026 —

### 20-quarter ROE change history
- JPM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.8 pp | Dec 2022 +0.2 pp | Mar 2023 +1.4 pp | Jun 2023 +1.8 pp | Sep 2023 +0.9 pp | Dec 2023 −0.8 pp | Mar 2024 −0.1 pp | Jun 2024 +0.8 pp | Sep 2024 −0.4 pp | Dec 2024 +1.2 pp | Mar 2025 +0.1 pp | Jun 2025 −1.3 pp | Sep 2025 +0.2 pp | Dec 2025 −0.5 pp | Mar 2026 +0.3 pp | Jun 2026 +1.5 pp
- BAC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.2 pp | Dec 2022 0.0 pp | Mar 2023 +0.4 pp | Jun 2023 +0.4 pp | Sep 2023 +0.2 pp | Dec 2023 −1.5 pp | Mar 2024 −0.7 pp | Jun 2024 −0.3 pp | Sep 2024 −0.4 pp | Dec 2024 +1.2 pp | Mar 2025 +0.2 pp | Jun 2025 0.0 pp | Sep 2025 +0.4 pp | Dec 2025 +0.2 pp | Mar 2026 +0.4 pp | Jun 2026 +0.6 pp
- HSBC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 +1.4 pp | Mar 2023 +3.8 pp | Jun 2023 +0.7 pp | Sep 2023 +1.9 pp | Dec 2023 −2.3 pp | Mar 2024 0.0 pp | Jun 2024 0.0 pp | Sep 2024 +0.2 pp | Dec 2024 +0.2 pp | Mar 2025 −1.7 pp | Jun 2025 −1.1 pp | Sep 2025 −0.7 pp | Dec 2025 +2.3 pp | Mar 2026 −0.1 pp | Jun 2026 —
- RY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −0.4 pp | Mar 2023 −1.3 pp | Jun 2023 −0.9 pp | Sep 2023 0.0 pp | Dec 2023 −0.3 pp | Mar 2024 +0.2 pp | Jun 2024 0.0 pp | Sep 2024 +0.2 pp | Dec 2024 0.0 pp | Mar 2025 +0.9 pp | Jun 2025 +0.1 pp | Sep 2025 +0.4 pp | Dec 2025 +0.6 pp | Mar 2026 +0.1 pp | Jun 2026 +0.5 pp
- WFC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.0 pp | Dec 2022 −2.1 pp | Mar 2023 +0.6 pp | Jun 2023 +1.1 pp | Sep 2023 +1.3 pp | Dec 2023 +0.3 pp | Mar 2024 −0.2 pp | Jun 2024 0.0 pp | Sep 2024 −0.4 pp | Dec 2024 +1.0 pp | Mar 2025 +0.1 pp | Jun 2025 +0.4 pp | Sep 2025 +0.2 pp | Dec 2025 +0.1 pp | Mar 2026 +0.3 pp | Jun 2026 +0.5 pp
- C: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.6 pp | Dec 2022 −0.3 pp | Mar 2023 +0.1 pp | Jun 2023 −1.0 pp | Sep 2023 0.0 pp | Dec 2023 −2.2 pp | Mar 2024 −0.7 pp | Jun 2024 +0.2 pp | Sep 2024 −0.2 pp | Dec 2024 +2.3 pp | Mar 2025 +0.4 pp | Jun 2025 +0.3 pp | Sep 2025 +0.2 pp | Dec 2025 −0.2 pp | Mar 2026 +0.8 pp | Jun 2026 +0.9 pp
- TD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +2.4 pp | Mar 2023 −2.3 pp | Jun 2023 −0.9 pp | Sep 2023 −0.4 pp | Dec 2023 −3.6 pp | Mar 2024 +1.2 pp | Jun 2024 −0.7 pp | Sep 2024 −2.8 pp | Dec 2024 +0.6 pp | Mar 2025 −0.2 pp | Jun 2025 +7.2 pp | Sep 2025 +3.1 pp | Dec 2025 −0.3 pp | Mar 2026 +1.1 pp | Jun 2026 −5.9 pp
- SAN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −7.6 pp | Dec 2022 −8.4 pp | Mar 2023 −0.1 pp | Jun 2023 +8.1 pp | Sep 2023 +0.3 pp | Dec 2023 +0.6 pp | Mar 2024 +0.1 pp | Jun 2024 −7.5 pp | Sep 2024 +0.4 pp | Dec 2024 +0.2 pp | Mar 2025 +0.1 pp | Jun 2025 −0.2 pp | Sep 2025 −0.3 pp | Dec 2025 0.0 pp | Mar 2026 +0.3 pp | Jun 2026 —
- UBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.8 pp | Dec 2022 +0.5 pp | Mar 2023 −1.8 pp | Jun 2023 +34.1 pp | Sep 2023 −4.0 pp | Dec 2023 −3.2 pp | Mar 2024 +0.7 pp | Jun 2024 −36.3 pp | Sep 2024 +2.7 pp | Dec 2024 +1.3 pp | Mar 2025 −0.5 pp | Jun 2025 +1.4 pp | Sep 2025 +1.1 pp | Dec 2025 +0.5 pp | Mar 2026 +1.4 pp | Jun 2026 —
- BBVA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.6 pp | Dec 2022 +0.2 pp | Mar 2023 +1.3 pp | Jun 2023 +0.6 pp | Sep 2023 +0.2 pp | Dec 2023 +0.6 pp | Mar 2024 +0.3 pp | Jun 2024 +1.2 pp | Sep 2024 +0.9 pp | Dec 2024 +0.5 pp | Mar 2025 +0.7 pp | Jun 2025 −0.5 pp | Sep 2025 −0.5 pp | Dec 2025 −0.1 pp | Mar 2026 +0.3 pp | Jun 2026 —
- BMO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +3.2 pp | Mar 2023 −4.9 pp | Jun 2023 −6.4 pp | Sep 2023 0.0 pp | Dec 2023 −4.7 pp | Mar 2024 +1.5 pp | Jun 2024 +0.9 pp | Sep 2024 +0.2 pp | Dec 2024 +0.6 pp | Mar 2025 +0.9 pp | Jun 2025 0.0 pp | Sep 2025 +0.3 pp | Dec 2025 −0.2 pp | Mar 2026 +0.3 pp | Jun 2026 +0.7 pp
- BNS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −0.8 pp | Mar 2023 −1.5 pp | Jun 2023 −1.1 pp | Sep 2023 −0.7 pp | Dec 2023 −1.0 pp | Mar 2024 +0.5 pp | Jun 2024 −0.2 pp | Sep 2024 −0.5 pp | Dec 2024 +0.3 pp | Mar 2025 −1.6 pp | Jun 2025 −0.2 pp | Sep 2025 +0.6 pp | Dec 2025 +0.5 pp | Mar 2026 +1.4 pp | Jun 2026 +0.6 pp
- CM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −0.8 pp | Mar 2023 −3.3 pp | Jun 2023 0.0 pp | Sep 2023 −0.7 pp | Dec 2023 +0.4 pp | Mar 2024 +2.4 pp | Jun 2024 −0.1 pp | Sep 2024 +0.4 pp | Dec 2024 +0.5 pp | Mar 2025 +0.4 pp | Jun 2025 +0.1 pp | Sep 2025 +0.2 pp | Dec 2025 +0.1 pp | Mar 2026 +1.2 pp | Jun 2026 +0.5 pp
- BNY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.2 pp | Dec 2022 −0.6 pp | Mar 2023 +0.7 pp | Jun 2023 +0.6 pp | Sep 2023 +1.7 pp | Dec 2023 −0.8 pp | Mar 2024 +0.1 pp | Jun 2024 +0.2 pp | Sep 2024 +0.2 pp | Dec 2024 +2.3 pp | Mar 2025 +0.4 pp | Jun 2025 +0.6 pp | Sep 2025 +0.6 pp | Dec 2025 +0.6 pp | Mar 2026 +0.8 pp | Jun 2026 +0.6 pp
- ING: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 +0.2 pp | Mar 2023 +2.2 pp | Jun 2023 +2.1 pp | Sep 2023 +2.1 pp | Dec 2023 +0.9 pp | Mar 2024 0.0 pp | Jun 2024 −0.7 pp | Sep 2024 −0.2 pp | Dec 2024 −0.6 pp | Mar 2025 −0.3 pp | Jun 2025 −0.2 pp | Sep 2025 −0.1 pp | Dec 2025 +0.5 pp | Mar 2026 +0.3 pp | Jun 2026 —
- BCS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.2 pp | Dec 2022 0.0 pp | Mar 2023 +0.5 pp | Jun 2023 +0.4 pp | Sep 2023 −0.2 pp | Dec 2023 −1.7 pp | Mar 2024 −0.4 pp | Jun 2024 −0.1 pp | Sep 2024 +0.3 pp | Dec 2024 +1.5 pp | Mar 2025 +0.3 pp | Jun 2025 +0.4 pp | Sep 2025 −0.3 pp | Dec 2025 +0.3 pp | Mar 2026 +0.1 pp | Jun 2026 —
- NTB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.5 pp | Dec 2022 +2.6 pp | Mar 2023 +2.0 pp | Jun 2023 +1.4 pp | Sep 2023 −0.8 pp | Dec 2023 −1.2 pp | Mar 2024 −1.5 pp | Jun 2024 −1.8 pp | Sep 2024 −0.5 pp | Dec 2024 +0.2 pp | Mar 2025 −0.3 pp | Jun 2025 0.0 pp | Sep 2025 +0.3 pp | Dec 2025 0.0 pp | Mar 2026 +0.5 pp | Jun 2026 —
- FRBT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 0.0 pp | Dec 2025 0.0 pp | Mar 2026 — | Jun 2026 —

## Gross NPA — Leaders & Improvers

What the numbers say: There is not enough comparable evidence to name a reliable gross npa leader.

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current gnpa change signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/18 companies · 0 observations

Definition: Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.

### Gross NPA — lowest

### GNPA change — fastest improvers

### 20-quarter Gross NPA history

### 20-quarter GNPA change history

## Valuation Against Growth & Quality

What the numbers say: Citigroup Inc. has the lowest comparable P/BV ÷ ROE at 0.21×, 22.2% below Banco Bilbao Vizcaya Argentaria, S.A.. Only 17 of 18 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: Citigroup Inc. · 0.21× | 22.2% versus #2 · Banco Bilbao Vizcaya Argentaria, S.A. | 0/8 recent comparable periods | 17/18 companies · 307 observations

Definition: Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.

### P/BV ÷ ROE — lowest return-adjusted price
1. Citigroup Inc. (C): 0.2
2. Banco Bilbao Vizcaya Argentaria, S.A. (BBVA): 0.3
3. Barclays PLC (BCS): 0.3
4. The Bank of N.T. Butterfield & Son Limited (NTB): 0.3
5. UBS Group AG (UBS): 0.3

### P/BV — lowest P/BV
1. Citigroup Inc. (C): 0.6
2. Barclays PLC (BCS): 0.9
3. UBS Group AG (UBS): 1.2
4. ING Groep N.V. (ING): 1.3
5. Banco Santander, S.A. (SAN): 1.3

### 20-quarter P/BV ÷ ROE history
- JPM: Sep 2021 0.4 | Dec 2021 0.4 | Mar 2022 0.5 | Jun 2022 0.4 | Sep 2022 0.3 | Dec 2022 0.4 | Mar 2023 0.3 | Jun 2023 0.3 | Sep 2023 0.3 | Dec 2023 0.5 | Mar 2024 0.4 | Jun 2024 0.3 | Sep 2024 0.4 | Dec 2024 0.5 | Mar 2025 0.5 | Jun 2025 0.5 | Sep 2025 0.6 | Dec 2025 0.7 | Mar 2026 0.5 | Jun 2026 0.4
- BAC: Sep 2021 0.5 | Dec 2021 0.5 | Mar 2022 0.5 | Jun 2022 0.4 | Sep 2022 0.4 | Dec 2022 0.4 | Mar 2023 0.3 | Jun 2023 0.3 | Sep 2023 0.3 | Dec 2023 0.8 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.4 | Dec 2024 0.5 | Mar 2025 0.4 | Jun 2025 0.5 | Sep 2025 0.4 | Dec 2025 0.5 | Mar 2026 0.4 | Jun 2026 0.5
- HSBC: Sep 2021 0.3 | Dec 2021 0.6 | Mar 2022 0.4 | Jun 2022 0.2 | Sep 2022 0.4 | Dec 2022 0.3 | Mar 2023 0.1 | Jun 2023 0.2 | Sep 2023 0.3 | Dec 2023 8.4 | Mar 2024 0.1 | Jun 2024 0.2 | Sep 2024 0.3 | Dec 2024 3.2 | Mar 2025 0.3 | Jun 2025 0.4 | Sep 2025 0.5 | Dec 2025 0.5 | Mar 2026 0.4 | Jun 2026 —
- RY: Sep 2021 — | Dec 2021 0.4 | Mar 2022 0.5 | Jun 2022 0.4 | Sep 2022 0.5 | Dec 2022 0.4 | Mar 2023 0.6 | Jun 2023 0.5 | Sep 2023 0.5 | Dec 2023 0.4 | Mar 2024 0.5 | Jun 2024 0.5 | Sep 2024 0.5 | Dec 2024 0.5 | Mar 2025 0.5 | Jun 2025 0.5 | Sep 2025 0.4 | Dec 2025 0.5 | Mar 2026 0.5 | Jun 2026 0.6
- WFC: Sep 2021 0.3 | Dec 2021 0.3 | Mar 2022 0.5 | Jun 2022 0.5 | Sep 2022 0.5 | Dec 2022 0.6 | Mar 2023 0.3 | Jun 2023 0.3 | Sep 2023 0.3 | Dec 2023 0.5 | Mar 2024 0.5 | Jun 2024 0.4 | Sep 2024 0.4 | Dec 2024 0.5 | Mar 2025 0.5 | Jun 2025 0.5 | Sep 2025 0.5 | Dec 2025 0.5 | Mar 2026 0.5 | Jun 2026 0.4
- C: Sep 2021 0.3 | Dec 2021 0.4 | Mar 2022 0.2 | Jun 2022 0.2 | Sep 2022 0.2 | Dec 2022 0.3 | Mar 2023 0.2 | Jun 2023 0.3 | Sep 2023 0.2 | Dec 2023 — | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.4 | Dec 2024 0.5 | Mar 2025 0.3 | Jun 2025 0.4 | Sep 2025 0.5 | Dec 2025 0.8 | Mar 2026 0.3 | Jun 2026 0.2
- TD: Sep 2021 — | Dec 2021 0.5 | Mar 2022 0.5 | Jun 2022 0.5 | Sep 2022 0.5 | Dec 2022 0.2 | Mar 2023 1.3 | Jun 2023 0.5 | Sep 2023 0.6 | Dec 2023 0.5 | Mar 2024 0.5 | Jun 2024 0.6 | Sep 2024 — | Dec 2024 0.4 | Mar 2025 0.6 | Jun 2025 0.1 | Sep 2025 0.5 | Dec 2025 0.6 | Mar 2026 0.5 | Jun 2026 0.6
- SAN: Sep 2021 0.1 | Dec 2021 0.1 | Mar 2022 0.2 | Jun 2022 0.1 | Sep 2022 0.2 | Dec 2022 0.2 | Mar 2023 0.2 | Jun 2023 0.0 | Sep 2023 0.2 | Dec 2023 0.2 | Mar 2024 0.2 | Jun 2024 0.2 | Sep 2024 0.2 | Dec 2024 0.2 | Mar 2025 0.2 | Jun 2025 0.3 | Sep 2025 0.4 | Dec 2025 0.4 | Mar 2026 0.4 | Jun 2026 —
- UBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 0.4 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- BBVA: Sep 2021 0.2 | Dec 2021 0.2 | Mar 2022 0.2 | Jun 2022 0.1 | Sep 2022 0.1 | Dec 2022 0.2 | Mar 2023 0.2 | Jun 2023 0.2 | Sep 2023 0.2 | Dec 2023 0.2 | Mar 2024 0.2 | Jun 2024 0.1 | Sep 2024 0.2 | Dec 2024 0.2 | Mar 2025 0.2 | Jun 2025 0.2 | Sep 2025 0.3 | Dec 2025 0.3 | Mar 2026 0.3 | Jun 2026 —
- BMO: Sep 2021 — | Dec 2021 0.4 | Mar 2022 0.3 | Jun 2022 0.2 | Sep 2022 0.6 | Dec 2022 0.2 | Mar 2023 6.5 | Jun 2023 0.8 | Sep 2023 0.5 | Dec 2023 0.4 | Mar 2024 0.7 | Jun 2024 0.5 | Sep 2024 0.4 | Dec 2024 0.4 | Mar 2025 0.5 | Jun 2025 0.5 | Sep 2025 0.5 | Dec 2025 0.5 | Mar 2026 0.5 | Jun 2026 0.6
- BNS: Sep 2021 — | Dec 2021 0.4 | Mar 2022 0.4 | Jun 2022 0.4 | Sep 2022 0.4 | Dec 2022 0.4 | Mar 2023 0.5 | Jun 2023 0.4 | Sep 2023 0.4 | Dec 2023 0.5 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.4 | Dec 2024 0.5 | Mar 2025 0.9 | Jun 2025 0.4 | Sep 2025 0.4 | Dec 2025 0.5 | Mar 2026 0.6 | Jun 2026 0.5
- CM: Sep 2021 — | Dec 2021 0.5 | Mar 2022 0.4 | Jun 2022 0.4 | Sep 2022 0.3 | Dec 2022 0.5 | Mar 2023 1.2 | Jun 2023 0.3 | Sep 2023 0.4 | Dec 2023 0.3 | Mar 2024 0.3 | Jun 2024 0.3 | Sep 2024 0.4 | Dec 2024 0.4 | Mar 2025 — | Jun 2025 0.4 | Sep 2025 0.4 | Dec 2025 0.5 | Mar 2026 0.4 | Jun 2026 0.5
- BNY: Sep 2021 0.5 | Dec 2021 0.6 | Mar 2022 0.6 | Jun 2022 0.4 | Sep 2022 0.9 | Dec 2022 0.7 | Mar 2023 0.4 | Jun 2023 0.3 | Sep 2023 0.3 | Dec 2023 1.9 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.4 | Dec 2024 0.5 | Mar 2025 0.5 | Jun 2025 0.4 | Sep 2025 0.5 | Dec 2025 0.5 | Mar 2026 0.5 | Jun 2026 0.5
- ING: Sep 2021 0.4 | Dec 2021 0.5 | Mar 2022 0.7 | Jun 2022 0.3 | Sep 2022 0.4 | Dec 2022 0.4 | Mar 2023 0.2 | Jun 2023 0.2 | Sep 2023 0.2 | Dec 2023 0.3 | Mar 2024 0.3 | Jun 2024 0.3 | Sep 2024 0.3 | Dec 2024 0.4 | Mar 2025 0.4 | Jun 2025 0.3 | Sep 2025 0.4 | Dec 2025 0.5 | Mar 2026 0.4 | Jun 2026 —
- BCS: Sep 2021 0.3 | Dec 2021 0.3 | Mar 2022 0.2 | Jun 2022 0.2 | Sep 2022 0.2 | Dec 2022 0.2 | Mar 2023 0.1 | Jun 2023 0.2 | Sep 2023 0.2 | Dec 2023 2.0 | Mar 2024 0.2 | Jun 2024 0.2 | Sep 2024 0.2 | Dec 2024 0.4 | Mar 2025 0.3 | Jun 2025 0.3 | Sep 2025 0.4 | Dec 2025 0.5 | Mar 2026 0.3 | Jun 2026 —
- NTB: Sep 2021 0.4 | Dec 2021 0.5 | Mar 2022 0.4 | Jun 2022 0.3 | Sep 2022 0.3 | Dec 2022 0.3 | Mar 2023 0.2 | Jun 2023 0.2 | Sep 2023 0.2 | Dec 2023 0.3 | Mar 2024 0.3 | Jun 2024 0.3 | Sep 2024 0.3 | Dec 2024 0.3 | Mar 2025 0.3 | Jun 2025 0.3 | Sep 2025 0.3 | Dec 2025 0.3 | Mar 2026 0.3 | Jun 2026 —

### 20-quarter P/BV history
- JPM: Sep 2021 1.7 | Dec 2021 1.6 | Mar 2022 1.4 | Jun 2022 1.2 | Sep 2022 1.1 | Dec 2022 1.4 | Mar 2023 1.3 | Jun 2023 1.4 | Sep 2023 1.3 | Dec 2023 1.5 | Mar 2024 1.7 | Jun 2024 1.7 | Sep 2024 1.7 | Dec 2024 2.0 | Mar 2025 1.9 | Jun 2025 2.2 | Sep 2025 2.4 | Dec 2025 2.4 | Mar 2026 2.2 | Jun 2026 2.3
- BAC: Sep 2021 1.3 | Dec 2021 1.3 | Mar 2022 1.3 | Jun 2022 0.9 | Sep 2022 0.9 | Dec 2022 1.0 | Mar 2023 0.8 | Jun 2023 0.8 | Sep 2023 0.8 | Dec 2023 0.9 | Mar 2024 1.0 | Jun 2024 1.1 | Sep 2024 1.0 | Dec 2024 1.1 | Mar 2025 1.1 | Jun 2025 1.2 | Sep 2025 1.2 | Dec 2025 1.3 | Mar 2026 1.2 | Jun 2026 1.3
- HSBC: Sep 2021 0.5 | Dec 2021 0.6 | Mar 2022 0.7 | Jun 2022 0.7 | Sep 2022 0.6 | Dec 2022 0.7 | Mar 2023 0.7 | Jun 2023 0.9 | Sep 2023 0.9 | Dec 2023 0.8 | Mar 2024 0.8 | Jun 2024 0.9 | Sep 2024 0.9 | Dec 2024 1.0 | Mar 2025 1.1 | Jun 2025 1.1 | Sep 2025 1.3 | Dec 2025 1.4 | Mar 2026 1.4 | Jun 2026 —
- RY: Sep 2021 — | Dec 2021 1.9 | Mar 2022 2.0 | Jun 2022 1.7 | Sep 2022 1.7 | Dec 2022 1.6 | Mar 2023 1.8 | Jun 2023 1.7 | Sep 2023 1.6 | Dec 2023 1.4 | Mar 2024 1.6 | Jun 2024 1.6 | Sep 2024 1.8 | Dec 2024 1.9 | Mar 2025 1.9 | Jun 2025 1.8 | Sep 2025 1.8 | Dec 2025 2.1 | Mar 2026 2.3 | Jun 2026 2.4
- WFC: Sep 2021 1.0 | Dec 2021 1.0 | Mar 2022 1.0 | Jun 2022 0.8 | Sep 2022 0.9 | Dec 2022 0.9 | Mar 2023 0.8 | Jun 2023 0.9 | Sep 2023 0.8 | Dec 2023 1.0 | Mar 2024 1.1 | Jun 2024 1.2 | Sep 2024 1.0 | Dec 2024 1.3 | Mar 2025 1.3 | Jun 2025 1.4 | Sep 2025 1.5 | Dec 2025 1.6 | Mar 2026 1.4 | Jun 2026 1.4
- C: Sep 2021 0.7 | Dec 2021 0.6 | Mar 2022 0.5 | Jun 2022 0.5 | Sep 2022 0.4 | Dec 2022 0.4 | Mar 2023 0.4 | Jun 2023 0.4 | Sep 2023 0.4 | Dec 2023 0.5 | Mar 2024 0.6 | Jun 2024 0.6 | Sep 2024 0.6 | Dec 2024 0.6 | Mar 2025 0.6 | Jun 2025 0.7 | Sep 2025 0.9 | Dec 2025 1.0 | Mar 2026 0.9 | Jun 2026 0.6
- TD: Sep 2021 — | Dec 2021 1.6 | Mar 2022 1.8 | Jun 2022 1.7 | Sep 2022 1.5 | Dec 2022 1.4 | Mar 2023 1.5 | Jun 2023 1.3 | Sep 2023 1.4 | Dec 2023 1.2 | Mar 2024 1.3 | Jun 2024 1.3 | Sep 2024 1.3 | Dec 2024 1.2 | Mar 2025 1.2 | Jun 2025 1.2 | Sep 2025 1.4 | Dec 2025 1.5 | Mar 2026 1.7 | Jun 2026 1.9
- SAN: Sep 2021 0.6 | Dec 2021 0.6 | Mar 2022 0.6 | Jun 2022 0.4 | Sep 2022 0.4 | Dec 2022 0.5 | Mar 2023 0.6 | Jun 2023 0.4 | Sep 2023 0.6 | Dec 2023 0.6 | Mar 2024 0.7 | Jun 2024 0.5 | Sep 2024 0.7 | Dec 2024 0.7 | Mar 2025 0.7 | Jun 2025 0.8 | Sep 2025 1.3 | Dec 2025 1.4 | Mar 2026 1.3 | Jun 2026 —
- UBS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 1.0 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 1.2 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- BBVA: Sep 2021 0.6 | Dec 2021 0.6 | Mar 2022 0.5 | Jun 2022 0.5 | Sep 2022 0.4 | Dec 2022 0.5 | Mar 2023 0.6 | Jun 2023 0.6 | Sep 2023 0.7 | Dec 2023 0.7 | Mar 2024 1.0 | Jun 2024 0.8 | Sep 2024 0.8 | Dec 2024 0.7 | Mar 2025 1.0 | Jun 2025 1.0 | Sep 2025 1.2 | Dec 2025 1.5 | Mar 2026 1.4 | Jun 2026 —
- BMO: Sep 2021 — | Dec 2021 1.5 | Mar 2022 1.6 | Jun 2022 1.4 | Sep 2022 1.3 | Dec 2022 1.2 | Mar 2023 1.3 | Jun 2023 1.2 | Sep 2023 1.2 | Dec 2023 1.0 | Mar 2024 1.2 | Jun 2024 1.1 | Sep 2024 1.0 | Dec 2024 1.1 | Mar 2025 1.2 | Jun 2025 1.1 | Sep 2025 1.3 | Dec 2025 1.4 | Mar 2026 1.5 | Jun 2026 1.7
- BNS: Sep 2021 — | Dec 2021 1.4 | Mar 2022 1.5 | Jun 2022 1.4 | Sep 2022 1.3 | Dec 2022 1.1 | Mar 2023 1.2 | Jun 2023 1.1 | Sep 2023 1.1 | Dec 2023 0.9 | Mar 2024 1.0 | Jun 2024 1.0 | Sep 2024 1.0 | Dec 2024 1.1 | Mar 2025 1.1 | Jun 2025 1.0 | Sep 2025 1.1 | Dec 2025 1.3 | Mar 2026 1.4 | Jun 2026 1.5
- CM: Sep 2021 — | Dec 2021 1.5 | Mar 2022 1.5 | Jun 2022 1.3 | Sep 2022 1.2 | Dec 2022 1.1 | Mar 2023 1.1 | Jun 2023 1.0 | Sep 2023 1.1 | Dec 2023 0.9 | Mar 2024 1.1 | Jun 2024 1.1 | Sep 2024 1.2 | Dec 2024 1.4 | Mar 2025 — | Jun 2025 1.3 | Sep 2025 1.5 | Dec 2025 1.7 | Mar 2026 1.8 | Jun 2026 2.1
- BNY: Sep 2021 1.0 | Dec 2021 1.1 | Mar 2022 1.0 | Jun 2022 0.8 | Sep 2022 0.8 | Dec 2022 0.9 | Mar 2023 0.9 | Jun 2023 0.9 | Sep 2023 0.8 | Dec 2023 1.0 | Mar 2024 1.1 | Jun 2024 1.1 | Sep 2024 1.2 | Dec 2024 1.3 | Mar 2025 1.4 | Jun 2025 1.5 | Sep 2025 1.7 | Dec 2025 1.8 | Mar 2026 1.8 | Jun 2026 2.1
- ING: Sep 2021 0.9 | Dec 2021 0.9 | Mar 2022 0.7 | Jun 2022 0.7 | Sep 2022 0.6 | Dec 2022 0.7 | Mar 2023 0.8 | Jun 2023 0.9 | Sep 2023 0.8 | Dec 2023 0.9 | Mar 2024 1.0 | Jun 2024 1.0 | Sep 2024 1.0 | Dec 2024 0.9 | Mar 2025 1.1 | Jun 2025 1.1 | Sep 2025 1.3 | Dec 2025 1.4 | Mar 2026 1.3 | Jun 2026 —
- BCS: Sep 2021 0.6 | Dec 2021 0.6 | Mar 2022 0.4 | Jun 2022 0.5 | Sep 2022 0.4 | Dec 2022 0.5 | Mar 2023 0.4 | Jun 2023 0.5 | Sep 2023 0.4 | Dec 2023 0.4 | Mar 2024 0.5 | Jun 2024 0.5 | Sep 2024 0.6 | Dec 2024 0.6 | Mar 2025 0.7 | Jun 2025 0.8 | Sep 2025 0.9 | Dec 2025 1.0 | Mar 2026 0.9 | Jun 2026 —
- NTB: Sep 2021 1.8 | Dec 2021 1.9 | Mar 2022 2.1 | Jun 2022 1.9 | Sep 2022 2.1 | Dec 2022 1.7 | Mar 2023 1.4 | Jun 2023 1.4 | Sep 2023 1.4 | Dec 2023 1.5 | Mar 2024 1.5 | Jun 2024 1.6 | Sep 2024 1.5 | Dec 2024 1.5 | Mar 2025 1.6 | Jun 2025 1.7 | Sep 2025 1.6 | Dec 2025 1.7 | Mar 2026 1.8 | Jun 2026 —

## Market action

HSBC Holdings plc has the strongest one-year price move in Banks - Diversified at +69%. The Bank of New York Mellon Corporation leads on Mansfield relative strength against the S&P 500 at +19.8%. 16 of 17 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

### Strongest one-year price performers
1. HSBC Holdings plc (HSBC): 69%
2. Canadian Imperial Bank of Commerce (CM): 67%
3. Banco Santander, S.A. (SAN): 66%
4. The Toronto-Dominion Bank (TD): 66%
5. Royal Bank of Canada (RY): 65%

### Strongest relative strength versus NIFTY 500
1. The Bank of New York Mellon Corporation (BNY): 20%
2. Bank of Montreal (BMO): 20%
3. HSBC Holdings plc (HSBC): 19%
4. The Toronto-Dominion Bank (TD): 18%
5. Royal Bank of Canada (RY): 18%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
- Thin comparisons: Return on assets, Asset quality have fewer than three usable current readings.

## Every company
- JPMorgan Chase & Co. (JPM) — market value ₹9.5 L Cr; latest fundamentals Jun 2026
- Bank of America Corporation (BAC) — market value ₹4.4 L Cr; latest fundamentals Jun 2026
- HSBC Holdings plc (HSBC) — market value ₹3.5 L Cr; latest fundamentals Mar 2026
- Royal Bank of Canada (RY) — market value ₹2.9 L Cr; latest fundamentals Jun 2026
- Wells Fargo & Company (WFC) — market value ₹2.6 L Cr; latest fundamentals Jun 2026
- Citigroup Inc. (C) — market value ₹2.2 L Cr; latest fundamentals Jun 2026
- The Toronto-Dominion Bank (TD) — market value ₹2.0 L Cr; latest fundamentals Jun 2026
- Banco Santander, S.A. (SAN) — market value ₹2.0 L Cr; latest fundamentals Mar 2026
- UBS Group AG (UBS) — market value ₹1.6 L Cr; latest fundamentals Mar 2026
- Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) — market value ₹1.5 L Cr; latest fundamentals Mar 2026
- Bank of Montreal (BMO) — market value ₹1.3 L Cr; latest fundamentals Jun 2026
- The Bank of Nova Scotia (BNS) — market value ₹1.1 L Cr; latest fundamentals Jun 2026
- Canadian Imperial Bank of Commerce (CM) — market value ₹1.1 L Cr; latest fundamentals Jun 2026
- The Bank of New York Mellon Corporation (BNY) — market value ₹1.1 L Cr; latest fundamentals Jun 2026
- ING Groep N.V. (ING) — market value ₹94.9K Cr; latest fundamentals Mar 2026
- Barclays PLC (BCS) — market value ₹90.6K Cr; latest fundamentals Mar 2026
- The Bank of N.T. Butterfield & Son Limited (NTB) — market value ₹2.4K Cr; latest fundamentals Mar 2026
- Forbright, Inc. (FRBT) — market value ₹987 Cr; latest fundamentals Mar 2026

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-28.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Which Banks - Diversified company is the biggest?

JPMorgan Chase & Co. is the largest, with trailing-twelve-month income of $186,328 million, ahead of Bank of America Corporation at $115,792 million. That covers 16 of 18 companies with comparable reporting through Jun 2026.

### Which Banks - Diversified company is growing fastest?

Bank of America Corporation has the fastest income growth at 15.3% year on year, across 16 of 18 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Banks - Diversified company makes the most profit?

JPMorgan Chase & Co. earns the most, at $65,067 million of trailing-twelve-month net profit, from 16 of 18 comparable companies. UBS Group AG has the fastest profit growth at 79.9%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Banks - Diversified company earns the highest return on capital?

The Bank of New York Mellon Corporation leads on return on assets at 0.4%, across 1 of 18 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Banks - Diversified stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Citigroup Inc. screens cheapest at 0.21×. Only 17 of 18 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Banks - Diversified lender has the largest funding base?

JPMorgan Chase & Co. has the largest reported deposit base at $2,713,700 million. For lenders, deposits and borrowings are operating inputs rather than leverage, so they are read against asset quality and returns instead of as debt.

### Is the Banks - Diversified sector beating the market?

Banks - Diversified has outperformed S&P 500 by 28.6% over the last 52 weeks and 12.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 16 of 17 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Banks - Diversified stock has the strongest price momentum?

The Bank of New York Mellon Corporation has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Banks - Diversified company scores highest for research priority?

Bank of Montreal scores 54.3 out of 100 with 64.4% evidence confidence, from 21.9 points on growth and earnings, 11 on capital efficiency, 4.3 on valuation and 17.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Banks - Diversified companies does this comparison cover, and over what period?

It compares 18 listed companies over up to 20 reported quarters of fundamentals and 7 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Banks - Diversified sector?

The 18 Banks - Diversified companies on this page carry $3,863,960 million of combined market value. JPMorgan Chase & Co. is the largest at $949,801 million, about 25% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

### What is the Banks - Diversified sector's P/B ratio?

The median price-to-book ratio across the 18 Banks - Diversified companies on this page is 1.4×, measured on the 17 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

### How is the Banks - Diversified sector performing?

16 of the 17 covered Banks - Diversified companies are beating S&P 500 on Mansfield relative strength. The sector itself is 28.6% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

### How many Banks - Diversified stocks are listed in the US?

This comparison covers 18 listed Banks - Diversified companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/banks-diversified