In this article, we will list the top 7 companies with the most cash reserves. If you want to read our detailed discussion about cash hoarding by nonbanking US firms, go to 20 Companies With the Most Cash Reserves.
7 – China Construction Bank Corporation (HKG:0939)
Cash On Hand – $526.32 B
China Construction Bank Corporation is 7th on our list of the top 20 companies with the most cash reserves. It is one of the largest banks in China and provides commercial banking services and products. The bank operates in three principal segments: corporate banking, personal banking, and treasury operations. The bank provides infrastructure loans and residential mortgages. It has an extensive network of approximately 13,629 branch outlets and maintains overseas branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, New York, Ho Chi Minh City, and Sydney.
6 – Agricultural Bank of China (HKG:1288)
Cash On Hand – $545.90 B
Agricultural Bank of China is among the big four banks in China. It provides a range of services such as deposits, loans, domestic settlement, bill discounting, and currency trading. The Agricultural Bank of China has a significant presence throughout mainland China. It also has branches in Hong Kong, Tokyo, New York, and London.
5 – JPMorgan Chase & Co. (NYSE:JPM)
Cash On Hand – $567.23 B
JPMorgan Chase & Co. (NYSE:JPM) is fifth on our list of the top 20 companies with the most cash reserves. It is a multinational investment bank and financial services company headquartered in New York City. JPMorgan Chase & Co. (NYSE:JPM) is one of the largest banks globally and within the United States. It provides commercial banking, asset management, and private banking services.
4 – The Bank of China (HKG:3988)
Cash On Hand – $579.65 B
The Bank of China is one of the largest state-owned banks in China. Founded in 1912, the bank is the country’s most diversified bank. It provides a wide range of financial services to corporate and personal customers. Some of the services that the bank offers include commercial banking, investment banking, and insurance.
3 – Industrial and Commercial Bank of China (HKG:1398)
Cash On Hand – $669.44 B
The Industrial and Commercial Bank of China is one of the top 3 companies with the most cash reserves. It is a Chinese multinational bank, which was founded as a limited company in 1984. It is one of the largest banks in the world by total assets.
2 – Crédit Agricole Group (EPA:ACA)
Cash On Hand – $683.22 B
Crédit Agricole Group is a French international group. It is the world’s largest cooperative financial institution and the second-largest bank in France. It is also one of the largest banks in Europe. The group offers a wide range of financial services including retail banking, asset management, insurance, and investment banking.
1 – Mitsubishi UFJ Financial Group, Inc. (TYO:8306)
Cash On Hand – $797.23 B
Mitsubishi UFJ Financial Group is number one on our list of the top 20 companies with the most cash reserves. Headquartered in Tokyo, Japan, it is a financial services company and one of the largest financial institutions in Japan.
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