7. JPMorgan Chase (NYSE:JPM)
Total revenue in 2019 (in millions of dollars): 142,422
Total profit in 2019 (in millions of dollars): 36,431
Total assets in 2019 (in millions of dollars): 2,687,379
Total employees in 2019: 256,981
JPMorgan Chase is one of the biggest financial services companies in the US, second only to Berkshire Hathaway, and is considered to be the biggest bank in the US, having assets of over $2.6 trillion. The bank is considered to be among the Big Four banks of America, and the biggest even among them. The bank also holds an incredible $27.4 trillion in assets under custody. The company, as most big banks are expected to do, has been engaged in several controversies which include conflicts of interest in investment research, its part in the Enron scandal where it ended up paying over $2 billion in fines, failure to comply with client money rules in the UK, overcharging mortgage of active military personnel, involvement in the Madoff fraud and many other controversies from which it has emerged largely unscathed, as most big banks tend to do.
Pixabay/Public Domain
6. Ping An Insurance
Total revenue in 2019 (in millions of dollars): 184,280
Total profit in 2019 (in millions of dollars): 21,627
Total assets in 2019 (in millions of dollars): 1,180,489
Total employees in 2019: 372,194
Ping An Insurance is a holding conglomerate based of course in China, and owns subsidiaries which are involved in banking, financial services and insurance. The company was founded 32 years ago in 1988 and is said to be the biggest insurer in China, having had $107 billion in gross premium income back in 2018. It was the first insurance company from China selected in the 2019 Dow Jones Sustainability Emerging Markets Index, underscoring its important in the financial world.
Click to continue reading and see the 5 Largest Financial Services Companies in the World
Disclosure: No positions. 16 Largest Financial Services Companies in the World is originally published on Insider Monkey.
