Top 30 largest US financial companies 2019

Top US financial companies

The financial sector is the pillar of the American economy and day-to-day activities. Banks, insurance and financial services companies power key financial operations, payment or saving solutions, credit or capital availability, risk mitigation, and financial information accuracy.

The top American financial companies are engaged in a wide array of operations all along the flows of money and capital in the economic cycle. Providing high value-added financial products and services that yield important returns, it is no surprise that they also face very stiff competition from other financial actors, both from the US and abroad.

The fight for market share between diverse types of banks, insurance companies, financial services companies, and broader financial actors creates a dynamic environment where companies specialize, diversify and acquire others in search of better yields, reduced costs, better risk hedging, and safer investments. However, though the competition is in financial verticals and the broader financial sector, one of the most important threats that the sector faces is the disruption of traditional businesses by upcoming startups, the famous FinTech and InsurTech companies.

As for now, the most prominent financial companies are still pivotal in the US economy and, in spite of these new challenges, most of them will remain in this position for the foreseeable future. Thanks to the sheer financial power of the US, American financial companies will continue to fight domestically, and leverage their national advantage to expand their footprint in the rest of the world.

List of the top 30 largest American financial companies by market capitalization

To give you more perspective on the actors of the financial sector in the US, details about the thirty largest companies that make the American finance, included in the S&P 500 index, have been listed hereafter. Each company is detailed with presentations of its sub-industry, activities, market capitalization, a direct link to its website, logo and stock symbol.

For more information on other leading American companies, check our other posts:

The financial companies listed hereafter are ranked by market capitalization in United States Dollars, as of effective close on Friday, September 27, 2019. They are defined as belonging to specific sub-industries of banking, insurance or financial services.

For the complete list of the top 500 US companies that constitute the S&P 500 index, and much more information on each company, check our Top 500 US Companies Spreadsheet.

Quick links to the top 30 financial companies from the United States

To facilitate your browsing in this long list, here are quick links to go directly to the details of any of the top 30 American financial companies.

30. SunTrust Banks

SunTrust Banks logoSub-Industry: Regional Banks

SunTrust Banks, Inc. is a bank holding company, especially active through its main subsidiary, SunTrust Bank. It operates more than 1,400 branches and 2,100 ATMs across 11 southeastern states and Washington, D.C, and is primarily involved in deposits, lending, credit cards, and trust and investment services. Through other subsidiaries, SunTrust Banks is also engaged in corporate and investment banking, capital market services, mortgage banking, and wealth management. In 2019, BB&T and SunTrust Announced that they will merge to form a single company that will become the sixth-largest bank in the US.

Website: – Market Cap.: $ 30.565 Billion – Stock symbol: STI

29. Allstate Corp

Allstate logoSub-Industry: Property & Casualty Insurance

The Allstate Corporation is an insurance company headquartered in Northfield Township, Illinois. Tracing its origins to 1931, Allstate Corporation has grown to become the largest publicly-traded property-casualty insurance in the US, offering individual auto and property insurance together with business and commercial insurance as well as an array of associated insurance products. Allstate operates 19 companies in the United States, United Kingdom, Canada, and India.

Website: – Market Cap.: $ 35.497 Billion – Stock symbol: ALL

28. Prudential Financial

Prudential Financial logoSub-Industry: Life & Health Insurance

Prudential Financial, Inc. is engaged in insurance, investment management, and other financial products and services to individual and institutional customers through its subsidiaries. It notably provides life insurance, annuities, mutual funds, pension- and retirement-related investments, administration and asset management, securities brokerage services. Prudential operates in the United States, Asia, Europe, and Latin America

Website: – Market Cap.: $ 36.244 Billion – Stock symbol: PRU

27. Aflac

Aflac logoSub-Industry: Life & Health Insurance

Aflac Inc. is an insurance company, especially involved in supplemental insurance. Founded in 1955 and headquartered in Columbus, Georgia, Aflac provides insurance and payroll deduction insurance coverage for accidents or illnesses. Aflac operates with licensed sales associates in the United States and sales agencies in Japan.

Website: – Market Cap.: $ 38.418 Billion – Stock symbol: AFL

26. Travelers

Travelers logoSub-Industry: Property & Casualty Insurance

The Travelers Companies, Inc., better known as Travelers, is an insurance company headquartered in New York City, particularly involved in commercial property-casualty insurance. One of the largest insurers in the US, Travelers operates in personal insurance, business insurance, and bonds. It has expanded in the United Kingdom, Ireland, Singapore, China, Canada, and Brazil.

Website: – Market Cap.: $ 38.537 Billion – Stock symbol: TRV

25. Moody’s

Moody's logoSub-Industry: Financial Exchanges & Data

Moody’s Corporation, often simply called Moody’s, is a business and financial services holding company. Founded in 1909, it has evolved to be split into t<o businesses: a leading credit rating agency, Moody’s Investors Service, and a provider of financial analysis software and services, Moody’s Analytics. Moody’s has also recently acquired the California-based climate risk data firm Four Twenty Seven.

Website: – Market Cap.: $ 38.952 Billion – Stock symbol: MCO

24. BB&T

BB&T logoSub-Industry: Regional Banks

BB&T Corporation, which stands for Branch Banking and Trust Company, is a regional bank holding headquartered in Winston-Salem, North Carolina. Operating more than 2,000 branches across 15 states and Washington, D.C., BB&T provides consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services, notably through its subsidiary, BB&T Insurance Services. In 2019, BB&T and SunTrust Announced that they will merge to form a single company that will become the sixth-largest bank in the US.

Website: – Market Cap.: $ 40.959 Billion – Stock symbol: BBT

23. The Bank of New York Mellon

BNY Mellon logoSub-Industry: Asset Management & Custody Banks

Tracing its roots to 1784, the Bank of New York Mellon Corporation, operating as BNY Mellon, is a multinational banking and financial services holding company headquartered in New York City. The world’s largest custodian bank and asset servicing company, BNY Mellon is primarily involved in corporate and investment banking, global wealth management, financial analysis, and private equity.

Website: – Market Cap.: $ 41.977 Billion – Stock symbol: BK

22. Capital One

Capital One logoSub-Industry: Consumer Finance

Capital One Financial Corporation is a financial service and banking holding headquartered in McLean, Virginia. With more than 700 branches and 2,000 ATMs, Capital One consumer and commercial bank is especially present in Northeastern and Southern United States, and also operates in Canada and the United Kingdom. Especially involved in the issuance of credit cards, Capital One is also a key provider of auto loans, and savings accounts.

Website: – Market Cap.: $ 42.960 Billion – Stock symbol: COF

21. MetLife

MetLife logoSub-Industry: Life & Health Insurance

MetLife, Inc. is among the largest global providers of insurance, annuities, and employee benefit programs through its subsidiary Metropolitan Life Insurance Company. Founded in 1968, MetLife operates in home, car and life insurance, commercial mortgages and securities backed by commercial mortgages, and sovereign debt. It conducts business throughout the United States, Japan, Latin America, Asia’s Pacific region, Europe, and the Middle East.

Website: – Market Cap.: $ 44.35 Billion – Stock symbol: MET

20. Progressive

Progressive logoSub-Industry: Property & Casualty Insurance

The Progressive Corporation, more simply known as Progressive, is an insurance company, especially involved in car insurance in America. Founded in 1937 and headquartered in Mayfield Village, Ohio, Progressive offers insurance for motorcycles, boats, RVs and commercial vehicles, as well as home insurance. It has expanded its offer of car insurance in Australia.

Website: – Market Cap.: $ 45.076 Billion – Stock symbol: PGR

19. Aon

Aon logoSub-Industry: Insurance Brokers

Aon plc is a global professional services company providing risk, retirement and health solutions, headquartered in London, UK. Created in 1982 with the merger of Ryan Insurance Group with Combined Insurance Company of America, Aon is particularly involved in the commercial risk and reinsurance brokerage industry. It is also operating in the business process outsourcing industry and property investment and management.

Website: – Market Cap.: $ 45.628 Billion – Stock symbol: AON

18. American International Group

American International Group logoSub-Industry: Property & Casualty Insurance

American International Group, Inc., more commonly known as AIG, is a multinational finance and insurance corporation headquartered in New York City. It is engaged in general insurance, life and retirement, and a standalone technology-enabled subsidiary. It operates in more than 80 countries and jurisdictions.

Website: – Market Cap.: $ 48.854 Billion – Stock symbol: AIG

17. Marsh & McLennan

Marsh & McLennan logoSub-Industry: Insurance Brokers

Marsh & McLennan Companies, Inc. is a global professional services company operating in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. Tracing its origins to 1905 and headquartered in New York City, Marsh & McLennan operates in insurance through its subsidiaries, Marsh, Guy Carpenter and Jardine Lloyd Thompson, and in consulting with Mercer and Oliver Wyman Group.

Website: – Market Cap.: $ 50.51 Billion – Stock symbol: MMC

16. Intercontinental Exchange

Intercontinental Exchange logoSub-Industry: Financial Exchanges & Data

Intercontinental Exchange, often referred to as ICE, is a financial and commodity market operator. It owns financial and commodity markets exchanges and operates 12 regulated exchanges and marketplaces, including the New York Stock Exchange, futures exchanges in United States, Canada, and Europe, equity options exchanges and over-the-counter instruments markets. ICE also owns and operates 6 central clearing houses in the US, Europe and Asia.

Website: – Market Cap.: $ 51.782 Billion – Stock symbol: ICE

15. Charles Schwab

Charles Schwab logoSub-Industry: Investment Banking & Brokerage

The Charles Schwab Corporation is a bank and stock brokerage company headquartered in San Francisco, California. Focused on investing, wealth management, banking, and trading, Charles Schwab provides an electronic trading platform for stocks and other financial assets, margin lending, cash management services, and registered investment advisers services. It operates more than 300 branches in 46 states, Puerto Rico and London.

Website: – Market Cap.: $ 54.13 Billion – Stock symbol: SCHW

14. S&P Global

S&P Global logoSub-Industry: Financial Exchanges & Data

S&P Global Inc. (S&P meaning “Standard and Poor’s”) is a financial information and analytics company. Through its subsidiaries, it is involved in investment research and rating, with S&P Global Ratings, multi-asset class, and real-time data, research, news and analytics through S&P Global Market Intelligence. It operates global resources for index-based concepts, data, and research with its majority ownership of S&P Dow Jones Indices, which produces the S&P 500 and Dow Jones indices. And it also provides information and price assessments for a wide range of commodities through S&P Global Platts.

Website: – Market Cap.: $ 60.676 Billion – Stock symbol: SPGI

13. PNC Financial Services

PNC Financial Services logoSub-Industry: Regional Banks

PNC Financial Services Group, Inc., abbreviated as PNC, is a bank holding and financial services company based in Pittsburgh, Pennsylvania. Its regional bank subsidiary, PNC Bank, operates more than 2,400 branches and 9,000 ATMs across 19 states and the District of Columbia. PNC Financial Services also asset management, wealth management, estate planning, loan servicing, and information processing services.

Website: – Market Cap.: $ 62.51 Billion – Stock symbol: PNC

12. BlackRock

BlackRock logoSub-Industry: Asset Management & Custody Banks

BlackRock, Inc. is a global investment management company. Originally involved in risk management and fixed income asset management, BlackRock has become one of the world’s largest asset managers, operating in 30 countries. It manages more than 800 exchange-traded funds through its iShares division, an analytics and risk management division with BlackRock Solutions, and sustainable investing and environmental, social and corporate governance through its ESG investing division.

Website: – Market Cap.: $ 69.391 Billion – Stock symbol: BLK

11. Morgan Stanley

Morgan Stanley logoSub-Industry: Investment Banking & Brokerage

Morgan Stanley is an investment bank and financial services company headquartered in New York City. Founded in 1935, Morgan Stanley has grown to become a multinational company with offices in more than 42 countries and more than 60,000 employees. With customers including corporations, governments, institutions, and individuals, Morgan Stanley operates in three main business lines: institutional securities, wealth management, and investment management.

Website: – Market Cap.: $ 70.805 Billion – Stock symbol: MS

10. Chubb

Chubb logoSub-Industry: Property & Casualty Insurance

Chubb Limited is the parent company of Chubb, a global provider of insurance products in commercial and personal property and casualty, accident and health, reinsurance, and life insurance to multinational corporations and local businesses, individuals, and insurers seeking reinsurance coverage. Tracing its origins to 1882, Chubb is headquartered in Zurich, Switzerland, and it operates in 54 countries and territories.

Website: – Market Cap.: $ 73.152 Billion – Stock symbol: CB

9. Goldman Sachs

Goldman Sachs logoSub-Industry: Investment Banking & Brokerage

Founded in 1869, the Goldman Sachs Group, Inc., is one of the world’s largest multinational investment bank headquartered in New York City. It is also engaged in financial services including investment management, securities, asset management, prime brokerage, and securities underwriting. Goldman Sachs is a primary dealer in the United States Treasury security market and more generally, a prominent market maker.

Website: – Market Cap.: $ 75.138 Billion – Stock symbol: GS

8. CME Group

CME Group logo

Sub-Industry: Financial Exchanges & Data

CME Group Inc., standing for the Chicago Mercantile Exchange and Chicago Board of Trade, is a global markets company operating derivatives, options and futures exchanges in Chicago and New York City and providing settlement and clearing of exchange trades through CME Clearing. CME Group provides a wide range of financial products to manage risk and capture opportunities across all major asset classes through interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.

Website: – Market Cap.: $ 76.593 Billion – Stock symbol: CME

7. U.S. Bancorp

U.S. Bancorp logoSub-Industry: Diversified Banks

Tracing its origins to 1863, U.S. Bancorp is a bank holding company headquartered in Minneapolis, Minnesota, and incorporated in Delaware, with more than 72,000 employees. It is the parent company of U.S. Bank National Association, more simply referred to as U.S. Bank, which provides banking, investment, mortgage, trust, and payment services through more than 3,000 branches and 4,800 ATMs primarily located in the Midwestern United States. U.S. Bancorp also owns Elavon, a processor of credit card transactions.

Website: – Market Cap.: $ 87.348 Billion – Stock symbol: USB

6. American Express

American Express logo

Sub-Industry: Consumer Finance

The American Express Company, also known as Amex, was founded in 1850. Originally involved in freight forwarding, American Express has later engaged in travel services and become a leader in cards and payments technology before expanding further to innovative digital products and services.

Website: – Market Cap.: $ 98.391 Billion – Stock symbol: AXP

5. Citigroup

Citigroup logoSub-Industry: Diversified Banks

Citigroup Inc., also known as Citi, is a multinational investment bank and financial services company headquartered in New York City. Tracing its origins to 1812, Citigroup operates through multiple subsidiaries in more than 160 countries with more than 210,000 employees. It operates in global markets with capital origination, corporate and investment banking, markets and securities services, private bank, and treasury and trade solutions, as well as in retail banking through Citibank, branded cards, retail services, commercial banking, and mortgages.

Website: – Market Cap.: $ 156.914 Billion – Stock symbol: C

4. Wells Fargo

Wells Fargo logoSub-Industry: Diversified Banks

Tracing its origins to 1852, Wells Fargo & Company is a multinational financial services company headquartered in San Francisco, California and incorporated in Delaware, and present in more than 35 countries. The company is engaged in three main lines of business: community banking, wholesale banking, and wealth, brokerage and retirement. Wells Fargo’s main subsidiary, Wells Fargo Bank operates more than 8,000 branches and 13,000 ATMs.

Website: – Market Cap.: $ 223.434 Billion – Stock symbol: WFC

3. Bank of America

Bank of America logoSub-Industry: Diversified Banks

The Bank of America Corporation, abbreviated as BofA, is a multinational investment bank and financial services company headquartered in Charlotte, North Carolina, with more than 200,000 employees. Tracing its origins to 1784, Bank of America has become an American leader in consumer banking with more than 4,600 branches and 15,900 ATMs. Bank of America also operates in corporate and investment banking, wealth management and investment management.

Website: – Market Cap.: $ 273.199 Billion – Stock symbol: BAC

2. JPMorgan Chase

JPMorgan Chase & Co. logoSub-Industry: Diversified Banks

JPMorgan Chase & Co. is a multinational investment bank and financial services company headquartered in New York City. With origins dating back to 1799, JPMorgan Chase has become one of the world’s largest universal bank operating worldwide. It is involved in retail and commercial as well as in investment banking, asset management, private banking, private wealth management, and treasury services.

Website: – Market Cap.: $ 376.409 Billion – Stock symbol: JPM

1. Berkshire Hathaway

Berkshire Hathaway logoSub-Industry: Multi-Sector Holdings

Berkshire Hathaway Inc. is a multinational conglomerate holding company. It wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets, and also has significant shares of Pilot Flying J, Kraft Heinz Company, American Express, Wells Fargo, The Coca-Cola Company, Bank of America, Apple, United Airlines, Delta Air Lines, Southwest Airlines and American Airlines. Berkshire Hathaway also acquired a number of smaller companies in a wide variety of industries, including confectionery, retail, railroads, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, and several regional electric and gas utilities.

Website: – Market Cap.: $ 508.402 Billion – Stock symbol: BRK.B

Here are the 30 largest American financial companies. Do you think they are worth their market capitalization? Do they provide a valuable and convenient service? Do they have too much economic power… and maybe political power too?

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