Top 10 Largest Financial Service Companies in The US

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This is a list of the largest publicly traded financial firms in the United States ordered by market capitalization, along with links to the companies' parent ... read more...

  1. Top 1

    Visa Inc.

    The corporate headquarters of the American financial services giant Visa Inc. are in San Francisco, California. It enables electronic money transfers all across the world, most frequently using Visa-branded prepaid, debit, and credit cards. One of the most valuable firms in the world is Visa.


    Visa instead supplies financial institutions with payment solutions bearing the Visa name, which they can use to provide their clients credit, debit, prepaid, and cash access programs. Visa does not actually issue cards, grant credit, or set rates and fees for consumers. According to the 2015 Nilson Report, which monitors the credit card industry, Visa's global network (also known as VisaNet) handled 100 billion transactions in 2014, totaling US$6.8 trillion.


    Bank of America (BofA) established Visa in 1958 as the BankAmericard credit card program. In 1966, BofA started issuing licenses for the BankAmericard program to other financial institutions in response to rival Master Charge (now Mastercard). In order to handle the BankAmericard program, BofA formed a cooperative with the other various BankAmericard issuer banks in 1970, giving up direct control of the program. In 1976, it was renamed Visa.


    The market capitalization of Visa as of March 2023 is $458.50 billion. By market cap, Visa is now the 12th most valuable firm in the world. The most recent financial reports from Visa indicate that the company's current revenue (TTM) is $30.18 Billion. The corporation generated $25.47 billion in revenue in 2021, an increase above the $21.47 billion it generated in revenue in 2020.


    Founded: September 18, 1958
    Headquarters: One Market Plaza, San Francisco, California, U.S.
    Website: visa.com

    Screenshot via visa.com
    Screenshot via visa.com
    Screenshot via visa.com
    Screenshot via visa.com

  2. Top 2

    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 the biggest bank 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
  3. Top 3

    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
  4. Top 4

    Bank of America

    The Bank of America Corporation, also known by the acronyms BofA or BoA, is a multinational American investment bank and financial services holding firm with headquarters in Charlotte, North Carolina. Investment banking and auxiliary headquarters are located in Manhattan. San Francisco, California, is where the bank was established.


    After JPMorgan Chase, it is the second-largest bank in the United States and, according to market value, the second-largest bank worldwide. 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.


    Founded: 1998
    Headquarters:

    • Corporate: Bank of America Corporate Center100 North Tryon StreetCharlotte, North Carolina 28202U.S.
    • Investment banking and auxiliary:Bank of America Tower1111 Avenue of the AmericasNew York, NY 10036U.S.

    Website: bankofamerica.com

    Screenshot via 	bankofamerica.com
    Screenshot via bankofamerica.com
    Screenshot via 	bankofamerica.com
    Screenshot via bankofamerica.com
  5. Top 5

    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
  6. Top 6

    Wells Fargo

    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. 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. In 1998, the old Wells Fargo & Company and the Minneapolis-based Norwest Corporation merged to form the current Wells Fargo.


    Even while Norwest was technically still in business, the merged company used the more recognizable Wells Fargo moniker 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.


    Wells Fargo's market value was $141.56 billion as of March 2023. By market cap, Wells Fargo is now the 77th most valuable firm in the world. The most recent financial reports from Wells Fargo indicate that the company's current revenue (TTM) is $73.78 billion. The corporation generated $78.02 billion in revenue in 2021, a rise from $72.34 billion in revenue in 2020.


    Founded: January 24, 1929

    Headquarters:

    • San Francisco, California, U.S. (corporate)
    • New York, NY (operational)

    Website: wellsfargo.com

    Screenshot via  	wellsfargo.com
    Screenshot via wellsfargo.com
    Screenshot via  	wellsfargo.com
    Screenshot via wellsfargo.com
  7. Top 7

    American Express

    With its headquarters in New York City, the American Express Corporation (Amex) is a multinational financial services company with a focus on credit and debit cards. It is among the 30 firms that make up the Dow Jones Industrial Average and one of the most valuable companies in the entire globe.


    The company's well-known traveler's checks, charge cards, and credit cards bear the gladiator or centurion that serves as the emblem, which was adopted in 1958. It maintains its corporate offices in the American Express Tower in the Lower Manhattan area of Battery Park City. They are the world's biggest supplier of traveler's checks.


    American Express's market capitalization as of March 2023 is $118.11 billion. By market cap, this places American Express as the 102nd most valuable firm in the world. The most recent financial reports from American Express indicate that the company's current revenue (TTM) is $52.56 billion. The corporation generated $43.14 billion in revenue in 2021, an increase from $36.08 billion in revenue in 2020.


    Founded: March 18, 1850
    Headquarter: 200 Vesey StreetManhattan, New York City, NY 10285United States
    Website: americanexpress.com

    Screenshot via 	americanexpress.com
    Screenshot via americanexpress.com
    Screenshot via  	americanexpress.com
    Screenshot via americanexpress.com
  8. Top 8

    S&P Global

    S&P Global Inc., formerly known as McGraw Hill Financial, Inc. and The McGraw-Hill Companies, Inc. before April 2016, is a publicly traded American company with its headquarters in Manhattan, New York City. Analytics and financial information are its main business sectors.


    It is also the primary owner of the joint venture S&P Dow Jones Indices and the parent business of S&P Global Ratings, S&P Global Market Intelligence, S&P Global Mobility, S&P Global Engineering Solutions, S&P Global Sustainable1, and S&P Global Commodities Insights. The abbreviation "S&P" stands for "Standard and Poor's."


    S&P Global's market cap was $110.14 billion as of March 2023. S&P Global is now the 118th most valuable corporation in the world according to market cap. The most recent financial reports from S&P Global indicate that the company's current revenue (TTM) is $11.18 billion. The corporation generated $8.29 billion in revenue in 2021, an increase over the $7.44 billion it generated in revenue in 2020.


    Founded: 1917
    Headquarters: 55 Water Street, Manhattan, New York City, New York, U.S.
    Website: www.spglobal.com/en/

    Screenshot via  	www.spglobal.com/en/
    Screenshot via www.spglobal.com/en/
    Screenshot via  	www.spglobal.com/en/
    Screenshot via www.spglobal.com/en/
  9. Top 9

    Goldman Sachs

    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.


    Goldman Sachs is the second-largest investment bank in the world by revenue and is listed as the 57th-largest American company by total revenue on the Fortune 500 list. The Financial Stability Board classifies it as a systemically important financial institution.

    Goldman Sachs' market capitalization as of March 2023 is $107.77 billion. By market cap, Goldman Sachs is now the 123rd most valuable firm in the world. The most recent financial reports from Goldman Sachs state that the company's current revenue (TTM) is $47.36 billion. The corporation generated $58.21 billion in revenue in 2021, a rise from $44.55 billion in revenue in 2020.


    Founded: 1869
    Headquarters: 200 West Street, New York City, New York, U.S.
    Website: goldmansachs.com

    Screenshot via  	goldmansachs.com
    Screenshot via goldmansachs.com
    Screenshot via 	goldmansachs.com
    Screenshot via goldmansachs.com
  10. Top 10

    Charles Schwab

    Charles Schwab Corporation is an American international financial services provider. Both retail and institutional clients can take advantage of its banking, commercial banking, investment, and allied services such as consultancy and wealth management advisory services. It has more than 360 branches, most of which are located in financial hubs in the United States and the United Kingdom.


    According to assets, it is the eighth-largest bank in the country. As of December 31, 2022, it had $7.05 trillion in client assets, 33.8 million active brokerage accounts, 2.4 million members in corporate retirement plans, and 1.7 million banking accounts. Also, it provides a donor-advised fund for customers who want to donate securities. Its corporate headquarters are in Westlake, Texas, and it was established in San Francisco, California.


    Charles Schwab's market value was $105.29 billion as of March 2023. Charles Schwab is now the 126th most valuable corporation in the world according to market capitalization. The most recent financial reports from Charles Schwab indicate that the company's current revenue (TTM) is $20.76 billion. The corporation generated $18.52 billion in revenue in 2021, a rise from $11.69 billion in revenue in 2020.


    Founded: 1971
    Headquarters: Westlake, Texas, U.S.
    Website: www.aboutschwab.com

    Screenshot via  	 www.aboutschwab.com
    Screenshot via www.aboutschwab.com
    Screenshot via 	 www.aboutschwab.com
    Screenshot via www.aboutschwab.com



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