Top 10 Investment Banks
JPMorgan Chase, Bank of America, Wells Fargo, and Citi are among the major investment banking firms and are known as America's Big Four banks. Using ... read more...consolidated asset statistics from the Federal Reserve, these investment banking firms can be considered the biggest commercial banks in the United States. Stocks, loans, properties, and reserves are all considered consolidated assets. Investment banking is a globally diversified industry because it primarily aids large corporations and governments in raising funds. Even though some of the biggest investment banking firms in the world are not American, these foreign banks nonetheless dominate the domestic market. Following are the top full service global investment banks based on revenue.
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JPMorgan Chase & Co. ranks 1st in the list of the best investment banks based on revenue. JPMorgan Chase is a Delaware-incorporated, New York City-based international investment bank and financial services holding corporation. With total assets of US$3.774 trillion as of 2022, JPMorgan Chase is the largest bank in the country, the largest bank globally by market capitalization, and the sixth-largest bank globally in terms of total assets. In addition, JPMorgan Chase is listed as the 24th largest American corporation by total revenue on the Fortune 500 list. The Financial Stability Board views this bank as one with systemic importance.
It is a significant supplier of various investment banking and financial services as a "Bulge Bracket" bank. Along with Bank of America, Citigroup, and Wells Fargo, it is one of the Big Four banks in the United States. JPMorgan Chase is regarded as a custodian bank and a worldwide bank. The divisions of investment banking, asset management, private banking, wealth management, commercial banking, and treasury services all operate under the J.P. Morgan name. Private banking and private wealth management activities involving fiduciary duties are overseen by JPMorgan Chase Bank, N.A., the actual trustee.
The Chase brand is used for the bank's retail banking operations in the US and the UK, as well as credit card services there. JPMorgan Chase's Commercial Banking is managed by both the J.P. Morgan trademarks Since the previous headquarters building across the street, 270 Park Avenue, was destroyed and a larger replacement headquarters is being constructed on the same site, the bank's corporate headquarters are currently housed at 383 Madison Avenue in Midtown Manhattan, New York City.
Founders: Aaron Burr (The Bank of the Manhattan Company); Balthazar P. Melick (Chemical Bank); John Pierpont Morgan (J.P. Morgan & Co.); John Thompson (Chase National Bank)
Headquarters: 383 Madison Avenue, New York City, U.S.
Revenue: US$121.65 billion (2021)Market cap: $381.60 Billion (2022)
Website: www.jpmorganchase.com
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The Bank of America Corporation, sometimes known as BofA or BoA, is a holding company for financial services and a global American investment bank with its headquarters in the Bank of America Corporate Center in Charlotte, North Carolina. The bank was established in San Francisco, and NationsBank of Charlotte purchased it in 1998, giving it its current shape. After JPMorgan Chase, it is the second-largest bank in the United States. By market value, it is also the second-largest bank globally. One of the Big Four U.S. financial organizations is Bank of America. It competes directly with JPMorgan Chase, Citigroup, and Wells Fargo for roughly 10.73% of all bank deposits in the United States. Commercial banking, wealth management, and investment banking are its three main financial services.
Amadeo Pietro Giannini established the Bank of Italy in the United States in 1904, which gave Italian immigrants who were subject to service discrimination a variety of banking options. Giannini bought Banca d'America e d'Italia (Bank of America and Italy) in 1922. Banca d'America e d'Italia had its initial headquarters in San Francisco, California. In the 1950s, a rapid expansion was made possible by the passing of important federal banking laws, which swiftly established a large market share. BankAmerica, as it was then known, was bought by Charlotte-based NationsBank for US$62 billion after sustaining a large loss during the 1998 Russian bond failure. The Bank of America Corporation was established following the then-largest bank purchase in history.
Founders: Amadeo Giannini (Bank of Italy); Hugh McColl (NationsBank)
Headquarters: Bank of America Corporate Center, Charlotte, North Carolina, United States
Revenue: US$89.11 billion (2021)Market cap: $254.87 Billion (2022)
Website: bankofamerica.com
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An American multinational financial services firm called Wells Fargo & Company has its corporate headquarters in San Francisco, California, its operational headquarters in Manhattan, and managerial offices all over the world. Wells Fargo ranks 2nd in the list of the best investment banks based on revenue. With operations in 35 countries and more than 70 million customers worldwide, the corporation. The Financial Stability Board regards it as a systemically important financial institution.
Wells Fargo Bank, a national bank with its main headquarters in Sioux Falls, South Dakota, and a charter issued in Wilmington, Delaware, is the company's major subsidiary. According to total assets, it is the fourth-largest bank in the US. It also ranks among the top banks in terms of bank deposits and market capitalization. JPMorgan Chase, Bank of America, and Citigroup are also included. One of the "Big Four Banks" in the US is Wells Fargo. There are 13,000 ATMs and 8,050 branches. One of the most valuable bank brands is this one.
In 1998, the old Wells Fargo & Company and the Minneapolis-based Norwest Corporation merged to establish the current Wells Fargo. Even though Norwest was technically still in business, the merged company adopted the more recognizable Wells Fargo name and relocated to Wells Fargo's headquarters in San Francisco. At the same time, its banking division merged with the Sioux Falls-based banking division of Wells Fargo. With the purchase of Charlotte-based Wachovia in 2008, Wells Fargo established itself as a coast-to-coast bank.Founders: Henry Wells, William Fargo (Wells Fargo Bank)
Headquarters: San Francisco, California, U.S.
Revenue: US$78.492 billion (2021)
Market cap: $157.63 Billion (2022)
Website: wellsfargo.com
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The American global investment bank and financial services company Citigroup Inc., also known as Citi, has its corporate headquarters in New York City. Financial juggernaut Travelers Group and banking behemoth Citicorp merged to form the company in 1998; Travelers was later separated from the corporation in 2002. The holding company for Citibank, Citicorp, as well as a number of foreign subsidiaries are owned by Citigroup. Citigroup is a Delaware-based corporation.
Along with JPMorgan Chase, Bank of America, and Wells Fargo, Citigroup is one of the Big Four American banks and the third-largest financial institution in the country. The Financial Stability Board classifies it as a systemically important bank, and it is frequently referred to as being "too large to fail." It belongs to the Bulge Bracket's nine international investment banks. As of 2021, Citigroup is ranked number 33 on the Fortune 500. Citigroup operates in more than 160 countries and has about 200 million customer accounts. Although it had 357,000 workers prior to the financial crisis of 2007–2008, when it was bailed out by a significant stimulus package from the U.S. government, it now has 223,400 employees.
Founders: Sanford Weill (Travelers Group); Samuel Osgood (Citicorp)
Headquarters: 388–390 Greenwich St., New York City, United States
Revenue: US$71.88 billion (2021)Market cap: $86.42 Billion (2022)
Website: citigroup.com
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U.S. Bancorp, sometimes known as us Bancorp, is a Delaware-incorporated American bank holding company with its headquarters in Minneapolis, Minnesota. It is U.S.'s parent corporation. The fifth-largest banking organization in the US is called Bank National Association. The business offers financial services to individuals, businesses, governments, and other financial institutions, including banking, investing, mortgage, trust, and payment products. It is mostly found in the Western and Midwestern regions of the United States and has 3,106 branches and 4,842 automated teller machines. The Financial Stability Board classifies it as a systemically important bank, and it is placed 117th on the Fortune 500.
After the National Bank Act was passed in 1863, the second-oldest continuous national charter, or Charter #24, was awarded to U.S. Bancorp. As banks were purchased or dissolved, earlier charters expired, raising the U.S. Charter number of the bank went from 24 to 2. Wells Fargo, which acquired it through its merger with Wachovia, currently holds the oldest national charter, which was originally given to the First National Bank of Philadelphia.
Founders: Andrew Cecere
Headquarters: U.S. Bancorp Center, Minneapolis, Minnesota, U.S.
Revenue: US$22.72 billion (2021)Market cap: $65.55 Billion (2022)
Website: www.usbank.com
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American global investment bank and financial services provider Goldman Sachs. With regional headquarters in London, Warsaw, Bangalore, Hong Kong, Tokyo, Dallas, and Salt Lake City, as well as additional offices in major global financial hubs, Goldman Sachs was founded in 1869 and has its main office at 200 West Street in Lower Manhattan. On the Fortune 500 list of the largest American corporations by total revenue, Goldman Sachs is the 57th largest company and the second largest investment bank in the world by revenue. The Financial Stability Board regards it as a systemically important financial institution.
The business has come under fire for having lax ethical standards, doing business with autocratic governments, maintaining tight ties to the US government through a "revolving door" of former employees, and speculating on commodity futures to drive up prices. The company has been criticized by its employees for its 100-hour work weeks, high levels of employee dissatisfaction among first-year analysts, abusive treatment by superiors, a lack of mental health resources, and extremely high levels of stress in the workplace that cause physical discomfort, even though it has made Fortune's list of the 100 Best Companies to Work For.
Founders: Marcus Goldman, Samuel Sachs
Headquarters: 200 West Street, New York, U.S.
Revenue: $49.411 billion (2020)Market cap: $118.46 Billion (2022)
Website: goldmansachs.com
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The corporate headquarters of the global American financial services and investment management firm Morgan Stanley is located at 1585 Broadway in Midtown Manhattan, New York City. Clients of the firm, which has offices in more than 41 nations and more than 75,000 workers, include businesses, governments, institutions, and people. On the 2021 Fortune 500 list of the biggest American companies by total revenue, Morgan Stanley came in at number 61.
J.P. Morgan created the original Morgan Stanley. On September 16, 1935, Henry Sturgis Morgan, a J.P. Morgan grandson, Harold Stanley, and other partners founded Morgan & Co. as a reaction to the Glass-Steagall Act, which mandated the division of American commercial and investment banking operations. The company has a 24% market share (about US$1.1 billion) in its first year of operations for public offerings and private placements.
In 1997, the original Morgan Stanley and Dean Witter Discover & Co. merged to form the present Morgan Stanley. Philip J. Purcell, Chairman and CEO of Dean Witter, was named Chairman and CEO of the newly combined "Morgan Stanley Dean Witter Discover & Co." In 2001, the new company's name was reverted back to "Morgan Stanley." Institutional securities, wealth management, and investment management are currently the company's three primary business segments. The Financial Stability Board views the bank as having systemic importance.Founders: Henry Sturgis Morgan, Harold Stanley, Dean G. Witter, Richard S. Reynolds, Jr.
Headquarters: Morgan Stanley Building, New York City, U.S.
Revenue: US$59.8 billion (2021)
Market cap: $148.37 Billion (2022)
Website: morganstanley.com
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Barclays is a British multinational universal bank, headquartered in London, England. Barclays is a financial services provider that has two operating divisions: Barclays UK and Barclays International. Barclays Execution Services serves as assistance for these divisions. The goldsmith banking industry was founded in the City of London in 1690, and this is where Barclays gets its name. In 1736, James Barclay joined the partnership. Twelve English provincial and London-based banks, including Goslings Bank, Backhouse's Bank, and Gurney, Peckover, and Company, merged to form Barclays and Co. in 1896. The bank Barclays grew over the ensuing decades to become a global institution. The initial cash dispenser was installed by Barclays in 1967.
Barclays is a component of the FTSE 100 Index and has its primary listing on the London Stock Exchange. It is also listed on the New York Stock Exchange secondarily. The Financial Stability Board views this bank as one with systemic importance. In a 2011 study, Barclays was found to be the most dominant transnational business in terms of ownership and consequent corporate control over financial stability globally and market competitiveness, followed by Axa and State Street Corporation. Barclays is the fifth-largest bank in Europe based on total assets and has operations in more than 40 nations. The leading financier of fossil fuel firms in Europe is Barclays.
Founders: John Freame,Thomas Gould
Headquarters: London, England
Revenue: £21.940 billion (2021)Market cap: $30.38 Billion (2022)
Website: home.barclays
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Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. One of the nine global "Bulge Bracket" banks, with its headquarters in Zürich, it has offices in all of the major financial centers around the world and offers services in investment banking, private banking, asset management, and shared services. It is renowned for its stringent banking secrecy and client confidentiality. It is regarded as a globally significant and systemically important bank by the Financial Stability Board. The FED's major dealer and counterpart in foreign exchange are Credit Suisse.
In order to help pay for the expansion of Switzerland's rail system, Credit Suisse was established in 1856. It made loans that were used to build the European rail network as well as the electrical grid in Switzerland. In response to the rise of the middle class and competition from fellow Swiss banks UBS and Julius Bär, it started to transition to retail banking in the 1900s. Before acquiring a controlling interest in the bank in 1988, Credit Suisse formed a partnership with First Boston in 1978. The business acquired organizations like the Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. (SASI), and Bank Leu between 1990 and 2000.
Founders: Alfred Escher, Allgemeine Deutsche Credit-Anstalt
Headquarters: Paradeplatz, Zürich, Switzerland
Revenue: SFr 22.7 billion (2021)
Market cap: $12.16 Billion (2022)
Website: credit-suisse.com
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German international investment bank and financial services provider Deutsche Bank AG is based in Frankfurt, Germany, and is listed on both the Frankfurt Stock Exchange and the New York Stock Exchange. The bank's network encompasses 58 nations, with a significant presence in Europe, the Americas, and Asia. Deutsche Bank ranked 93rd globally in terms of market capitalization and 21st overall in terms of total assets as of 2021. It is a part of the DAX stock market index because it is the largest German banking institution. The Financial Stability Board regards it as a bank with systemic importance.
The business operates as a universal bank and has four main divisions: investment banking, corporate banking, private banking, and asset management. Its investment banking operations frequently attract a sizable deal flow. The New Yorker claims that due to its involvement in significant scandals spanning numerous different issue areas, Deutsche Bank has long had an "abject" reputation among major banks.
Founders: Adelbert Delbrück, Ludwig Bamberger
Headquarters: Deutsche Bank Twin Towers, Frankfurt, Germany
Revenue: €25.4 billion (2021)Market cap: $21.17 Billion (2022)
Website: db.com