Global Too Big To Fail

Exxon Mobil

Market Cap: US$608.7b

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$384.4b

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$3.0t

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

Agricultural Bank of China

Market Cap: HK$2.8t

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$2.1t

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

Kweichow Moutai

Market Cap: CN¥1.8t

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.

L'Oréal

Market Cap: €187.3b

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.

Siemens

Market Cap: €187.3b

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.

Toronto-Dominion Bank

Market Cap: CA$240.6b

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

Abbott Laboratories

Market Cap: US$168.6b

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide.

China Merchants Bank

Market Cap: CN¥1.0t

Provides various banking products and services.

Ping An Insurance (Group) Company of China

Market Cap: CN¥1.0t

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

QUALCOMM

Market Cap: US$145.3b

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

Accenture

Market Cap: US$121.3b

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

Intesa Sanpaolo

Market Cap: €100.8b

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

Progressive

Market Cap: US$118.4b

Operates as an insurance company in the United States.

Medtronic

Market Cap: US$110.7b

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

Bank of Montreal

Market Cap: CA$146.7b

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

Canadian Imperial Bank of Commerce

Market Cap: CA$137.5b

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.

Tata Consultancy Services

Market Cap: ₹9.3t

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

Bank of Nova Scotia

Market Cap: CA$129.2b

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

PNC Financial Services Group

Market Cap: US$90.4b

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

U.S. Bancorp

Market Cap: US$88.5b

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

Midea Group

Market Cap: CN¥599.1b

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

ITOCHU

Market Cap: JP¥13.8t

Trades and imports/exports various products worldwide.

ING Groep

Market Cap: €70.4b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Automatic Data Processing

Market Cap: US$80.7b

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

Valero Energy

Market Cap: US$66.9b

Manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally.

China CITIC Bank

Market Cap: CN¥445.2b

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$63.0b

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

Imperial Oil

Market Cap: CA$80.8b

Engages in exploration, production, and sale of crude oil and natural gas in Canada.

Wuliangye YibinLtd

Market Cap: CN¥393.4b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

National Bank of Canada

Market Cap: CA$78.3b

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