Global Too Big To Fail

Exxon Mobil

Market Cap: US$633.1b

Engages in the exploration and production of crude oil and natural gas in the United States, Canada, and internationally.

Bank of America

Market Cap: US$377.8b

Through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.

Industrial and Commercial Bank of China

Market Cap: HK$2.9t

Provides banking products and services in the People's Republic of China and internationally.

Agricultural Bank of China

Market Cap: HK$2.7t

Provides banking products and services.

China Construction Bank

Market Cap: HK$2.4t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Bank of China

Market Cap: HK$2.0t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Kweichow Moutai

Market Cap: CN¥1.7t

Produces and sells liquor products in China and internationally.

Royal Bank of Canada

Market Cap: CA$341.1b

Operates as a diversified financial service company worldwide.

China Mobile

Market Cap: HK$1.8t

Provides communication, computing, and AI services in Mainland China and Hong Kong.

Siemens

Market Cap: €192.6b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

L'Oréal

Market Cap: €192.0b

Through its subsidiaries, manufactures and sells cosmetic products for women and men in Europe, North America, North Asia, South Asia Pacific, the Middle East, North Africa, Sub-Saharan Africa, and Latin America.

QUALCOMM

Market Cap: US$186.6b

Engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

Toronto-Dominion Bank

Market Cap: CA$243.4b

Provides various financial products and services in Canada, the United States, and internationally.

Ping An Insurance (Group) Company of China

Market Cap: CN¥1.0t

Ping An Insurance (Group) Company of China, Ltd.

China Merchants Bank

Market Cap: CN¥977.9b

Provides various banking products and services.

L'Air Liquide

Market Cap: €102.5b

Provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa.

Progressive

Market Cap: US$116.5b

Operates as an insurance company in the United States.

Intesa Sanpaolo

Market Cap: €97.8b

Engages in the provision of various financial products and services in Italy, Central/Eastern Europe, the Middle East, and North Africa.

Accenture

Market Cap: US$110.4b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Bank of Montreal

Market Cap: CA$146.2b

Engages in the provision of diversified financial services primarily in North America.

Canadian Imperial Bank of Commerce

Market Cap: CA$140.4b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Medtronic

Market Cap: US$102.7b

Develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally.

Bank of Nova Scotia

Market Cap: CA$130.6b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

Tata Consultancy Services

Market Cap: ₹8.8t

Provides information technology (IT) and IT enabled services in the Americas, Europe, India, and internationally.

Midea Group

Market Cap: CN¥608.6b

Engages in the manufacture and sale of electrical appliance in China and internationally.

PNC Financial Services Group

Market Cap: US$88.7b

Operates as a diversified financial services company in the United States.

ITOCHU

Market Cap: JP¥13.9t

Trades and imports/exports various products worldwide.

U.S. Bancorp

Market Cap: US$87.5b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

Automatic Data Processing

Market Cap: US$85.6b

Provides cloud-based human capital management (HCM) solutions worldwide.

China CITIC Bank

Market Cap: CN¥448.6b

Provides various banking products and services in the People’s Republic of China and internationally.

Manulife Financial

Market Cap: CA$89.0b

Provides financial products and services in the United States, Canada, Asia, and internationally.

Truist Financial

Market Cap: US$63.5b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Saudi National Bank

Market Cap: ر.س232.1b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

National Bank of Canada

Market Cap: CA$79.1b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

CITIC Securities

Market Cap: CN¥395.6b

Provides various financial products and services in China and internationally.

Aflac

Market Cap: US$57.6b

Through its subsidiaries, provides supplemental health and life insurance products.