JPMorgan moves to No. 2 in Forbes Global 2000 list

|About: Apple Inc. (AAPL)|By:, SA News Editor

In Forbes annual ranking of the world's largest public companies, Industrial and Commercial Bank of China (OTCPK:IDCBF -1.4%) retains the top spot for the seventh straight year.

JPMorgan (JPM +1.4%) surpassed China Construction Bank (OTCPK:CICHY +0.8%) to take the second spot. Fourth place went to Agricultural Bank of China (OTCPK:ACGBY -0.1%) followed by Bank of America (BAC +1.4%) in the No. 5 ranking.

Apple (AAPL +0.2%) was in sixth place, followed by Ping An Insurance Group (OTCPK:PIAIF), Bank of China (OTCPK:BACHF), Royal Dutch Shell (RDS.A +0.7%), and Wells Fargo (WFC +0.8%).

The U.S. is home to the most companies, 575, in the Global 2000 list; 309 of the companies are based in China and Hong Kong, and 223 of them are based in Japan.

Related tickers: OTCPK:IDCBY, OTCPK:CICHF, OTCPK:ACGBF, OTCPK:PNGAY, OTCPK:BACHY, RDS.B, OTCPK:RYDAF

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