In this article, we will present the 5 Biggest Financial Firms in the World. You can read our detailed discussion and a more comprehensive list by visiting the 25 Biggest Financial Firms in the World.
5. Wells Fargo & Company (NYSE:WFC)
Market Cap as of August 11: $179.58 billion
Situated in San Francisco, California, Wells Fargo & Company (NYSE:WFC) was established in 1852. One of the biggest financial services providers, Wells Fargo & Company offers a range of banking, investing, mortgage, and consumer and business financing products and services across the globe.
Wells Fargo & Company (NYSE:WFC) has released information on the most recent results of its $420 million Open for Business Fund, which was created to assist small companies impacted by the COVID-19 outbreak. Over 336,000 small businesses have benefited from the fund, which has helped to sustain over 461,000 jobs in the United States.
4. Bank Of America Corporation (NYSE:BAC)
Market Cap as of August 11: $297.04 billion
With a market valuation of $297.04 billion, Bank of America Corporation (NYSE:BAC) is one of the largest financial companies. The company functions through four distinct segments, namely Consumer Banking, Global Banking, Global Wealth & Investment Management (GWIM), and Global Markets.
In 2024, Bank of America (NYSE: BAC) won more than 120 awards for its innovation and leadership in the digital space. The bank’s digital offerings are used by 58 million customers today, as per the company.
3. Mastercard Incorporated (NYSE:MA)
Market Cap as of August 11: $421.99 billion
Being one of the largest financial companies in the world with a market value of $421.99 billion, Mastercard Incorporated (NYSE:MA) offers payment-related products and services, including transaction processing, across the United States and internationally. It uses the MasterCard, Maestro, and Cirrus brands to provide payment solutions and services. Moreover, MasterCard Incorporated (NYSE:MA) is enhancing fraud detection and platform security with artificial intelligence.
2. Visa Inc. (NYSE:V)
Market Cap as of August 11: $494.16 billion
Based in San Francisco, Visa Inc. (NYSE:V) is the biggest provider of payment card services in the United States. One of the most valuable financial companies in the world, with a market capitalization of $494.16 billion and revenue of $34.92 billion (TTM), it operates in the United States as well as internationally. In the current digital era, where the majority of transactions are conducted electronically, Visa Inc. (NYSE:V) provides a range of payment services that are necessary for consumers and businesses to execute transactions.
1. JPMorgan Chase & Co. (NYSE:JPM)
Market Cap as of August 11: $585.53 billion
The biggest financial firm in the world with a market cap of $585.53 billion is JPMorgan Chase & Co. (NYSE:JPM) which was founded in 1799 and is headquartered in New York, New York. The global financial services company is divided into four segments: consumer and community banking (CCB), corporate and investment banking (CIB), commercial banking (CB), and asset and wealth management (AWM).
JPMorgan Chase & Co. (NYSE:JPM) Payments recently expanded its collaboration with PopID to enable in-store biometric transactions across the United States. Credit cards and phones are not needed with this pay-by-face option, which enables speedier transactions.
“To learn about more financial companies, visit 25 Biggest Financial Firms in the World.
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