Finance companies in USA play a vital role in the American economy. Insurance, banks, and finance companies power key financial activities, payment & saving solutions, credit & capital availability, risk mitigation, and financial information accuracy.
These top U.S. financial companies provide high value-added financial products and services that yield large returns on investments.
In this post, you’ll find a list of the top 15 largest finance companies in the United States ranked by market capitalization as of April 20 2021 as well as few details about them, their, location, and activities.
Top Largest Finance Companies in USA by Market Capitalization
1. Berkshire Hathaway
Market Capitalization: $ 616.65 Billion
Headquarters: Omaha, Nebraska
Berkshire Hathaway Inc. is an American multinational conglomerate holding company that wholly owns the following companies:
- GEICO
- Dairy Queen
- Duracell
- Long & Foster
- BNSF
- Helzberg Diamonds
- Fruit of the Loom
- Lubrizol
- FlightSafety International
- NetJets
- Pampered Chef
It also has significant shares in these companies:
- The Coca-Cola Company
- Bank of America
- Wells Fargo
- Pilot Flying J
- American Express
- Apple
- Kraft Heinz Company
- United Airlines
- Apple
- Delta Airlines
- Southwest Airlines
- American Airlines
The company was founded in 1839 as a group of textile milling plants but now, it is one of the largest publicly traded companies in the world.
Berkshire Hathaway has also acquired smaller companies in various industries including retail, confectionery, railroads, encyclopedias, jewelry sales, newspaper publishing, and many more.
2. VISA
Market Capitalization: 477.21 Billion
Headquarters: Foster City, California
Visa U.S.A. Inc. is a multinational financial services company that provides payment services. The company makes electronic funds transfer easier throughout the world by offering digital payment solutions, credit card processing services, and transactions for consumers, businesses, banks, and governments.
3. JP Morgan Chase
Market Capitalization: 451.86 Billion
Headquarters: New York, New York
JP Morgan Chase & Co. is an American multinational investment bank and financial services company that was founded in 1799. Since then, has not only grown to become one of the largest in the country but also one of the largest universal banks in the world.
It offers retail & commercial, investment banking, asset management, private banking, private wealth management, and treasury services.
The company has over 40 subsidiaries and some of the most well-known are Chase Bank, Wepay, and J.P. Morgan & Co.
4. Mastercard
Market Cap: 374.13 Billion
Headquarters: New York
Mastercard is an American multinational financial services corporation that is primarily involved in the processing of payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard brand debit, credit, or prepaid cards to make purchases.
5. Bank of America
Market Cap: 327.10 Billion
Headquarters: Charlotte, North Carolina
The Bank of America Corporation often abbreviated as BofA or BoA is an American multinational investment bank and financial services holding company and the second-largest banking institution in the U.S. after JPMorgan Chase.
Its main financial services revolve around commercial banking, wealth management, and investment banking.
6. PayPal
Market Cap: 310.51 Billion
Headquarters: San Jose, California
PayPal Holdings Inc. is an electronic commerce company that facilitates payments between parties via online transfers.
The company operates a global online payment system and provides an electronic alternative to traditional checks and money orders as well as helps online vendors and commercial users by supporting online money transfers in exchange for a fee.
The company has been on its own since 2015. Aside from online payments, PayPal also offers a variety of related services such as debit cards for payments, credit card readers for small merchants, and lines of credit.
7. Wells Fargo
Market Cap: 176.16 Billion
Headquarters: San Francisco, California
Wells Fargo is an American multinational financial services company that opened its doors in 1852 and now present in more than 35 countries.
Wells Fargo is engaged in three main services i.e. community banking, wholesale banking, and wealth brokerage & retirement.
The company’s main subsidiary Wells Fargo Bank operates more than 8,000 branches and 13,000 ATMs.
8. Citigroup
Market Cap: 145.63 Billion
Headquarters: New York City, New York
Citigroup Inc., abbreviated Citi, is an American multinational investment bank and financial services company that was formed when Citicorp and Travelers Group merged in 1998.
Citigroup has over 100 million customers and serves a large international customer base in more than 160 countries.
It provides services like loan, deposit, brokerage, investment banking, and wealth management. Its subsidiaries include Citibank, Diners Club International, Banamex, Aeroméxico.
9. Morgan Stanley
Market Cap: 144.46 Billion
Headquarters: New York City, New York
This is an investment bank and financial services company established in 1935 and today has grown to become a multinational company with offices in more than 42 countries.
The company offers three main services i.e. investment management, wealth management, and institutional securities.
Morgan Stanley’s subsidiaries are Morgan Stanley Dean Witter Online, Inc., E-Trade, and Graystone Consulting.
10. BlackRock
Market Cap: $122.87 Billion
Headquarters: New York City, New York
BlackRock is an American multinational investment management company established in 1988, initially as a risk management & fixed income institutional asset manager but today has grown to become the largest asset manager in the world with about 70 offices operating in 30 countries.
11. Charles Schwab
Market Cap: 120.07 Billion
Headquarters: San Francisco, California
This is a bank and stock brokerage company that focuses on wealth management, investment banking, and trading.
This company provides a wide range of brokerage, banking, and financial advisory services via its operating subsidiaries.
12. American Express
Market Cap: $116.58 Billion
Headquarters: New York City, New York
American Express is a multinational financial services company best known for its charge cards, credit cards, and traveler’s cheques.
The company was founded in 1850 as an express mail business but later involved in travel services and became a leader in cards and payment technology, now, it has expanded to innovative digital products and services.
13. Goldman Sachs
Market Cap: $112.91 Billion
Headquarters: New York City, New York
Goldman Sachs Group was founded in 1869 and today has become one of the largest multinational investment banks in the world.
It is a multinational investment bank and financial services company that offers the following services:
- Asset management
- Investment management
- Investment banking
- Securities
- Prime brokerage
- Securities underwriting.
Goldman Sachs has about 40,000 employees in more than 40 international offices and its subsidiaries include Goldman Sachs Bank USA, Goldman Sachs Capital Partners, Marcus by Goldman Sachs, Ayco, and Goldman Sachs Personal Financial Management.
14. S&P Global
Market Cap: $91.31 Billion
Headquarters: Manhattan, New York City
S&P Global Inc, (S&P means Standard and Poor’s) is a publicly-traded corporation and its core areas of business are financial information and analytics. The subsidiaries of this company include S&P Global Ratings, S&P Global Market Intelligence, and S&P Global Platts.
15. U.S. Bancorp
Market Capital: $84.16 Billion
Headquarters: Minneapolis, Minnesota
U.S. Bancorp popularly known as U.S. Bank is a bank holding company that started as three different banks – the United States National Bank of Portland (1891), the First National Bank of Minneapolis (1864), and the Farmers & Millers bank in Milwaukee (1853).
These organizations grew and merged through the years until they became U.S. Bancorp in 1968.
This company provides banking, investment, mortgage, trust, and payment services products to businesses, individuals, governmental entities, and other financial institutions.
Conclusion
Here is our list of the top 15 largest finance companies in USA ranked by market capitalization as of April 20, 2021. Most of these companies on this list if not all, provide high value-added financial products and services that yield large ROI as well as play a vital role in the American economy.
