The financial sector is the pillar of the American economy and day-to-day business operations. Banks, insurance, and financial services companies power key financial activities, payment and saving solutions, credit and capital availability, risk mitigation, and financial information accuracy.
The top American financial companies are engaged in a wide array of operations all along with the flows of money and capital in the economic cycle. Providing high value-added financial products and services that yield large returns on investments, it is no surprise that finance companies also face very stiff competition from both American and foreign actors of the financial sector.
The fight for market share between the 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 higher yields, reduced costs, better risk hedging, and safer investments.
However, even though competition has traditionally come from companies within the different financial verticals, one of the most important threats that the sector now faces is the disruption of traditional businesses by upcoming FinTech startups and InsurTech companies. And some of them, among the largest US startups, have already grown to become “unicorns” (startups with a valuation above 1 billion dollars), bringing serious menace to the traditional actors.
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 United States, American financial companies will continue to fight domestically, and leverage the advantage of the economies of scale coming from the size of their domestic market to expand their footprint in the rest of the world.
For more information on the largest American companies, download our S&P 500 companies Excel file containing the complete list of the 500 largest publicly listed companies in the US, together with extensive business, market, financial, and digital information on each company. For even more data on the largest US companies, download our Excel files on the Russell 1000 companies, Russell 2000 companies, or Russell 3000 companies.
List of the top 30 largest American financial companies by market capitalization
To give you more perspective on what companies are in the finance field in the US, details about the thirty largest American finance companies, components of the S&P 500 index, have been listed hereafter. Each financial company is detailed with presentations of its industry, activities, market capitalization, a direct link to its website, logo, and stock ticker.
The financial companies listed hereafter are ranked by market capitalization in United States Dollars, as of effective close on Friday, January 29, 2021. They are defined as belonging to specific sub-industries of banking, insurance, credit services, and financial conglomerates.
Note that if you are searching for information on these companies to invest in their stocks, make sure you know what you are doing as your investment will be subject to significant risks with the evolution of stock prices. To learn more about investing in the stock market and managing your portfolio, check our post on the best online courses on stock investing and trading.
Shortcuts to each financial company
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 finance companies. Be sure to also check the Top 10 US financial companies’ summary after the list!
MSCI Inc., which stands for the former company name, Morgan Stanley Capital International, is a global provider of analysis tools for equity, fixed income, hedge fund, stock market indexes, multi-asset portfolio, and ESG products. MSCI also publishes a number of stock market indices: the MSCI BRIC (Brazil, Russia, India, and China), MSCI World, and MSCI EAFE (Europe, Australasia, and the Far East) Indices.
Website: msci.com – Market Cap.: $32.8 Billion – Stock ticker: MSCI
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: travelers.com – Market Cap.: $34.4 Billion – Stock ticker: TRV
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: bnymellon.com – Market Cap.: $35.3 Billion – Stock ticker: BK
T. Rowe Price Group, Inc. is a global asset management firm. It provides a range of financial services to individuals, institutions, and financial intermediaries including funds, advisory services, account management, and retirement plans and services. Founded in 1937 and headquartered in Baltimore, Maryland, T. Rowe Price operates in 16 countries with clients in more than 45 countries.
Website: troweprice.com – Market Cap.: $35.4 Billion – Stock ticker: TROW
Rocket Companies, Inc. is a mortgage company that diversified in other financial, technology, and business services. The original flagship mortgage company, Rocket Mortgage, expanded internally into other financial services with personal and car loans, a digital real estate portal, and other associated technologies. It also through acquisitions into insurance with Amrock, Fintech with Nexsys, and digital mortgage solutions with Lendesk and Edison Financial, among others.
Website: rocketcompanies.com – Market Cap.: $42.4 Billion – Stock ticker: RKT
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 Pacific region, Europe, and the Middle East.
Website: metlife.com – Market Cap.: $43.3 Billion – Stock ticker: MET
The Blackstone Group Inc. is a company dedicated to alternative investment management. It operates in four key businesses areas: private equity with minority investments in companies, corporate partnerships, and some startups; real estate, with investments in multiple real estate companies; hedge funds, through funds of hedge funds and other funds segments; and credit, through its acquisition of GSO Capital Partners, a credit-oriented alternative asset manager.
Website: blackstone.com – Market Cap.: $46.6 Billion – Stock ticker: BX
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: capitalone.com – Market Cap.: $47.9 Billion – Stock ticker: COF
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: moodys.com – Market Cap.: $50 Billion – Stock ticker: MCO
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: progressive.com – Market Cap.: $51 Billion – Stock ticker: PGR
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: mmc.com – Market Cap.: $55.7 Billion – Stock ticker: MMC
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: pnc.com – Market Cap.: $60.9 Billion – Stock ticker: PNC
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: intercontinentalexchange.com – Market Cap.: $61.9 Billion – Stock ticker: ICE
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: usbank.com – Market Cap.: $64.6 Billion – Stock ticker: USB
Truist Financial is the result of the acquisition of SunTrust Banks, Inc, by BB&T Corporation. The two banks continue to operate as two brands, operating more than 2,000 branches in the US. BB&T provides consumer and commercial banking, securities brokerage, asset management, mortgage, and SunTrust Bank was originally more focused on deposits, lending, credit cards, and trust and investment services. Truist Financial is also engaged in insurance corporate and investment banking, capital market services, mortgage banking, and wealth management through its subsidiaries.
Website: truist.com – Market Cap.: $64.7 Billion – Stock ticker: TFC
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: cmegroup.com – Market Cap.: $65.2 Billion – Stock ticker: CME
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: spglobal.com – Market Cap.: $76.3 Billion – Stock ticker: SPGI
Founded in 1869, the Goldman Sachs Group, Inc., is one of the world’s largest multinational investment banks 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: goldmansachs.com – Market Cap.: $93.3 Billion – Stock ticker: GS
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: americanexpress.com – Market Cap.: $93.6 Billion – Stock ticker: AXP
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: schwab.com – Market Cap.: $96.8 Billion – Stock ticker: SCHW
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: blackrock.com – Market Cap.: $107 Billion – Stock ticker: BLK
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: citigroup.com – Market Cap.: $120.7 Billion – Stock ticker: C
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: morganstanley.com – Market Cap.: $121.3 Billion – Stock ticker: MS
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: wellsfargo.com – Market Cap.: $123.8 Billion – Stock ticker: WFC
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: bankofamerica.com – Market Cap.: $256.5 Billion – Stock ticker: BAC
PayPal Holdings, Inc. is a company operating a worldwide online payment system. Providing an electronic alternative to traditional checks and money orders, Paypal helps online vendors and commercial users by supporting online money transfers in exchange for a fee. PayPal had its Initial Public Offering in 2002 before being acquired by eBay, which later separated from it in 2015.
Website: paypal.com – Market Cap.: $274.5 Billion – Stock ticker: PYPL
Mastercard Incorporated is a multinational financial services corporation. It is primarily involved in the processing of payments between the merchants’ banks and the card-issuer of customers using a Mastercard brand debit, credit, or prepaid card to make purchases.
Website: mastercard.com – Market Cap.: $315.3 Billion – Stock ticker: MA
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: jpmorganchase.com – Market Cap.: $392.4 Billion – Stock ticker: JPM
Visa Inc., is a multinational financial services corporation facilitating electronic funds transfers throughout the world. It operates payment products that financial institutions use to offer credit, debit, prepaid, and cash access programs to their customers via Visa-branded credit cards, gift cards, and debit cards.
Website: usa.visa.com – Market Cap.: $426 Billion – Stock ticker: V
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: berkshirehathaway.com – Market Cap.: $535.8 Billion – Stock ticker: BRK-A / BRK-B
To give you a quick overview of the largest American financial companies in 2021, here is a synthesizing image regrouping the information of the top 10. Note that you can use this image to embed it on your website and other digital properties using the embed code below.
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Here are the 30 largest American finance 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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