Top 10 Largest Financial Service Companies in Hungary

Thanh Thao Nguyen 7 0 Error

In this post, let's examine 10 of the largest financial services companies in Hungary, ranked by market capitalization. Go directly to other related articles ... read more...

  1. Top 1

    Morgan Stanley

    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 company, which has offices in 41 nations and employs more than 75,000 people, include businesses, governments, institutions, and individuals. On the 2021 Fortune 500 list of the biggest American companies by total revenue, Morgan Stanley came in at number 61.

    On September 16, 1935, the first Morgan Stanley was established by J.P. Morgan & Co. partners Henry Sturgis Morgan (J.P. Morgan's grandson), Harold Stanley, and others in response to the Glass-Steagall Act, which mandated the division of American commercial and investment banking firms. The company has a 24% market share (about US$1.1 billion) in its first year of operations for public offerings and private placements.

    Morgan Stanley
    's market value was $148.88 billion as of March 2023. By market cap, Morgan Stanley is now the 72nd most valuable corporation in the world. The most recent financial reports from Morgan Stanley indicate that the company's current revenue (TTM) is $50.21 billion. The corporation generated $56.41 billion in revenue in 2021, an increase from $45.26 billion in revenue in 2020.

    Founded: 1935
    Headquarters: Morgan Stanley Building New York City, New York, U.S.
    Website: morganstanley.com

    Screenshot via morganstanley.com
    Screenshot via morganstanley.com
    Screenshot via morganstanley.com
    Screenshot via morganstanley.com

  2. Top 2

    Citi

    Citigroup Inc., also known simply as "Citi" or stylized as "Citi," is a New York City-based American global investment bank and financial services firm. Citigroup was founded when banking behemoth Citicorp and financial behemoth Travelers Group merged in 1998; Travelers was later split off as a separate firm. Citicorp, the parent company of Citibank, is a part of Citigroup, along with numerous other worldwide affiliates.


    Citigroup is a Delaware corporation. Citigroup is the third largest bank in the United States and one of the "Big Four" U.S. banks, along with JPMorgan Chase, Bank of America, and Wells Fargo. Many people believe it is too large to fail because the Financial Stability Board has designated it as a systemically significant bank. The bulk bracket includes eight of the most prominent investment banks in the world.

    As of the year 2021, Citigroup is ranked 33rd on the Fortune 500. Citigroup conducts business in more than 160 countries and has over 200 million customer accounts. It had 357,000 workers before the financial crisis of 2007–2008, when it was bailed out by a major stimulus package from the United States government, and now it has 223,400 workers.

    Citigroup
    is worth $91.06 billion as of April 2023. According to market capitalization, this places Citigroup in the 151st position worldwide. Citigroup is worth $91.06 billion as of April 2023. Based on its current market capitalization, Citigroup is the 151st most valuable corporation in the world. Recent financial filings by Citigroup reveal a trailing twelve-month (TTM) revenue of $75.30 billion. The company's revenue in 2021 was $72.22 billion, down from $75.76 billion in the previous year.

    Founded: October 8, 1998
    Headquarters: 388–390 Greenwich St.New York City, New York, U.S.
    Website: citigroup.com

    Screenshot via citigroup.com
    Screenshot via citigroup.com
    Screenshot via citigroup.com
    Screenshot via citigroup.com
  3. Top 3

    BlackRock

    BlackRock, Inc. is a New York City-based multinational investment firm. BlackRock is the largest asset manager in the world, with US$8.6 trillion in assets under management as of December 31, 2022. The company was founded in 1988 and originally served as an enterprise risk management and fixed-income institutional asset manager.


    BlackRock has clients in 100 countries and 70 offices in 30 different countries. BlackRock is one of the Big Three index fund managers; it oversees the iShares family of ETFs and competes with The Vanguard Group and State Street. BlackRock Solutions, a branch of the company, offers financial risk management services and uses the Aladdin investment portfolio management system.


    On the Fortune 500 list of the largest American companies, BlackRock comes in at number 184. BlackRock's market cap is $100.05 billion as of April 2023. BlackRock's current market valuation ranks it as the 136th most valuable corporation in the world. BlackRock has reported TTM revenue of $17.87 billion as of the most recent fiscal period's end. The company's 2021 revenue of $19.37 billion was up from the $16.20 billion it made in 2020.

    Founded: 1988
    Headquarters: New York City, New York, U.S.
    Website: blackrock.com

    Screenshot via 	blackrock.com
    Screenshot via blackrock.com
    Screenshot via 	blackrock.com
    Screenshot via blackrock.com
  4. Top 4

    Wise

    Wise (formerly TransferWise) was established in the United Kingdom in January 2011 by Estonian entrepreneurs Kristo Käärmann and Taavet Hinrikus. Company co-founder Taavet Hinrikus announced his impending resignation as chair in a prospectus released on July 2, 2021. David Wells was named as his successor, which was also announced.

    Upon launching on the London Stock Exchange on July 7, 2021, Wise was valued at $11 billion at the time. The Financial Conduct Authority announced on June 27, 2022, that Wise CEO Kristo Käärmann had been penalized for willful failure to comply with tax obligations. From September 2021 on, he would be on the list for a full year. He allegedly owes the government £720,000 in unpaid taxes for the fiscal year 2017–2018.


    Founded: January 2011
    Headquarters: London, United Kingdom
    Website: wise.com

    Screenshot via
    Screenshot via
    Screenshot via
    Screenshot via
  5. Top 5

    MSCI

    MSCI Inc. is a New York City-based American financial services firm. MSCI is a leading provider of environmental, social, and governance (ESG) and climate change (Climate) products, as well as equities, fixed income, and real estate indexes. MSCI is in charge of managing the MSCI World Index, the MSCI All Country World Index (ACWI), and the MSCI Emerging Markets Index. Glass Lewis, Factset, the Sovereign Wealth Fund Institute, and Standard & Poor's are just a few of MSCI's competitors.

    The main office is located at 7 World Trade Center in the heart of Manhattan, New York City, USA. MSCI is worth $42.58 billion as of April 2023. Based on its current market capitalization, MSCI is the 403rd most valuable corporation in the world. MSCI has reported $2.24 billion in revenue for the last twelve-month period. The company's revenue in 2021 was $2.04 billion, up from $1.69 billion in the previous year.

    Founded: 1968
    Headquarters: 7 World Trade CenterManhattan, New York City, United States
    Website: msci.com

    Screenshot via 	msci.com
    Screenshot via msci.com
    Screenshot via 	msci.com
    Screenshot via msci.com
  6. Top 6

    Mastercard

    In 2019, Mastercard Corporation, a listed payment service provider with headquarters in Purchase, New York, employed about 18,600 employees. One of the two principal international firms for payment cards, together with VISA, is Mastercard (credit cards, debit cards, and prepaid cards).

    For the production of their cards and the hiring of contractors, Mastercard grants licenses to banks all over the world (acquiring licenses). Almost 35 million contracting businesses accept Mastercard, and there are about a million cash payment offices worldwide (as of 2014).

    MasterCard
    's market capitalization as of March 2023 is $332.98 billion. By market cap, this places Mastercard as the 20th most valuable firm in the entire globe. The most recent financial reports from Mastercard indicate that the company's current revenue (TTM) is $22.23 billion. The corporation generated $18.88 billion in revenue in 2021, a rise from $15.30 billion in revenue in 2020.

    Founded: 1966
    Headquarters: 2000 Purchase Street, Purchase, New York, U.S.
    Website: mastercard.com

    Screenshot via mastercard.com
    Screenshot via mastercard.com
    Screenshot via mastercard.com
    Screenshot via mastercard.com
  7. Top 7

    Allianz

    Munich, Germany, is the headquarters of the European multinational financial services provider Allianz. Its primary activities include risk management and asset administration. The corporation ranks among the largest in the world in terms of both insurance and financial services. The stock of the company is included in the Euro Stoxx 50 index.

    PIMCO, Allianz Global Investors, and Allianz Real Estate make up its asset management division, which oversees a total of €2,432 billion in assets (Q1 2021). Of this total, €1,775 billion belongs to third parties. During the month of November 2008, Allianz sold Dresdner Bank to Commerzbank. Allianz's market valuation is $95.27 billion as of April 2023. Market capitalization-wise, this places Allianz at position number 144 among all companies worldwide. The latest financial reports reveal TTM revenue of $124.90 billion for Allianz. The company's sales in 2021 were $203.26 billion, up from $130.42 billion in the previous year.

    Founded: 5 February 1890
    Headquarters: Munich, Germany

    Website: allianz.com
    Screenshot via allianz.com
    Screenshot via allianz.com
    Screenshot via allianz.com
    Screenshot via allianz.com
  8. Top 8

    Unicredit Group

    Milan is home to the global financial organization, UniCredit S.p.A. According to the list issued by the Financial Stability Board in 2022, it is the only systemically important bank in Italy and the 34th largest bank in the world by assets. Although Credito Italiano and Unicredito were combined to create it in 1998, its corporate identity dates back to 1870, when it was founded as Banca di Genova. A component stock of the Euro Stoxx 50 index of top shares, UniCredit is traded on the Milan and Frankfurt stock markets.

    Unicredit
    is a pan-European bank with significant operations in Western, Central, and Eastern Europe. It offers corporate and investment banking, commercial banking, and wealth management services. Through its European banking network, it offers access to industry-leading goods and services in 13 core markets, including Italy, Germany (under the name HypoVereinsbank), Austria (under the name Bank Austria), and eleven nations in Central and Eastern Europe.

    The market capitalization for UniCredit as of April 2023 is $38.44 billion. By market cap, UniCredit is now the 455th most valuable corporation in the world. The most recent financial reports from UniCredit show that the company's current revenue (TTM) is $21.61 billion. The company generated $18.69 billion in revenue in 2021, compared to $21.03 billion in revenue in 2020.

    Founded: 1998
    Headquarters: Milan, Italy
    Website: www.unicreditgroup.eu

    Screenshot via
    Screenshot via
    Screenshot via
    Screenshot via
  9. Top 9

    JPMorgan Chase

    JPMorgan Chase & Co. is a Delaware-incorporated American global financial services corporation with its corporate headquarters in New York City. By market capitalization, it is the biggest bank in the US and globally (as of 2023). The Financial Stability Board views the company as having systemic importance because it is the largest of the Big Four banks.

    Due to its size and scope, regulatory control has been strengthened, and a fortress balance sheet of capital reserves is kept on the inside. The company will move into the JPMorgan Chase Building, which is currently under development, in 2025 from its current location at 383 Madison Avenue in Midtown Manhattan.

    JPMorgan Chase
    's market value was $374.21 billion as of March 2023. JPMorgan Chase is now the 18th most valuable firm in the world according to market cap. The most recent financial reports from JPMorgan Chase indicate that the company's current revenue (TTM) is $128.64 billion. The corporation generated $121.68 billion in revenue in 2021, a rise from $119.53 billion in revenue in 2020.

    Founded: December 1, 2000
    Headquarters: 383 Madison AvenueNew York City, U.S.
    Website: jpmorganchase.com

    Screenshot via jpmorganchase.com
    Screenshot via jpmorganchase.com
    Screenshot via jpmorganchase.com
    Screenshot via jpmorganchase.com
  10. Top 10

    BNP Paribas

    In 2000, Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, known initially as the Banque de Paris et des Pays-Bas, merged to establish BNP Paribas, a French multinational banking conglomerate. BNP Paribas S.A. is the full name of the group's parent company.

    The bank is structured into three main business areas: commercial, personal banking, and services (CPBS), investment and protection services (IPS), and corporate and institutional banking. As of February 2021, it had 190,000 workers (CIB). The company is listed on Euronext Paris's First Market, a part of the Euro Stoxx 50 stock market index, and the French CAC 40 index.

    BNP Paribas
    ' market cap as of April 2023 is $75.52 billion. By market capitalization, BNP Paribas is now the 187th most valuable corporation in the world. The most recent financial reports from BNP Paribas indicate the company's current revenue (TTM) is $68.14 billion. The company's revenue in 2021 increased from its revenue in 2020, which was $69.54 billion, to $72.81 billion.

    Founded: 1848
    Headquarters: Boulevard des Italiens, Paris, France
    Website: group.bnpparibas

    Screnshot via group.bnpparibas
    Screnshot via group.bnpparibas
    Screnshot via group.bnpparibas
    Screnshot via group.bnpparibas



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