By Miklos Dietz Helps financial services companies and other organizations harness digital technology and stay ahead of emerging trends By Attila Kincses Advises financial institutions globally in strategy and innovation areas and leads the think tank team of McKinsey Panorama By Faraz Ahmad Retail Banking November 4, 2022According 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. We strive to provide individuals with disabilities equal access to our website. If you would like information about this content we will be happy to work with you. Please email us at: McKinsey_Website_Accessibility@mckinsey.com For a PDF version, click here.