According to the latest data from McKinsey Panorama, the performance gap between the world’s most profitable banks, and the least, is widening. The same holds true for valuations. What’s behind this growing divergence? While geography and business model continue play a role in separating leaders from followers in banking, operational excellence has emerged as an increasingly important factor underlying outperformance more recently. The graphic below highlights key figures in the growing divergence in banking performance.
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