In this article, we are going to look at the 5 largest financial services companies in the US. If you want to read more about the top financial companies in the US and check out our detailed analysis of the finance sector, you can go to 20 Largest Financial Services Companies in the US.
5. StoneX Group Inc. (NASDAQ:SNEX)
Revenue: $85.38 Billion
StoneX Group Inc. (NASDAQ:SNEX) is an American institutional-grade financial services corporation that ranks among the top 5 on our list of the largest financial services companies in the US by revenue. The company offers a wide range of services, including risk management, execution, market intelligence, clearing and execution, OTC products, global payment solutions, commodity financing and logistics, equity trading, and foreign exchange trading. As of June 30, 2024, StoneX Group Inc. (NASDAQ:SNEX) has a trailing twelve-month revenue of $85.38 billion.
4. Bank of America Corporation (NYSE:BAC)
Revenue: $98.32 Billion
Bank of America Corporation (NYSE:BAC) is an American multinational investment bank and financial institution. The corporation offers a wide range of products and services, such as banking, investment management, and risk management solutions to individuals, businesses, and governments. It is one of the largest financial services companies in the US, where it serves millions of consumers and small business clients with approximately 3,800 retail financial centers and 15,000 ATMs. Bank of America Corporation (NYSE:BAC) has a trailing twelve-month revenue of $98.32 billion as of June 30, 2024.
3. State Farm Insurance
Revenue: $104.2 Billion
State Farm Insurance is a group of mutual insurance companies that ranks among the top 3 on our list of the largest financial services companies in the US. The company offers a wide array of insurance products, banking services, annuities, and investment products. It provides property and casualty insurance, including auto and home insurance, as well as life and health insurance policies. State Farm Insurance generated a revenue of $104.2 billion in 2023.
2. JPMorgan Chase & Co. (NYSE:JPM)
Revenue: $170.33 Billion
JPMorgan Chase & Co. (NYSE:JPM) is an American multinational financial services corporation that ranks second on our list of the 20 largest financial services companies in the US. It specializes in investment banking, commercial banking, financial transaction processing, and asset management. Under the J.P. Morgan and Chase brands, the corporation serves millions of customers in the United States, as well as many prominent corporate, institutional, and government clients around the globe. As of June 30, 2024, JPMorgan Chase & Co. (NYSE:JPM) has a trailing twelve-month revenue of $170.33 billion.
1. Berkshire Hathaway Inc. (NYSE:BRK-B)
Revenue: $402.88 Billion
Berkshire Hathaway Inc. (NYSE:BRK-B) is an American multinational conglomerate holding company that tops our list of the largest financial services companies in the US. While the company and its subsidiaries engage in a variety of business activities, insurance is a major area of operations. The company owns well-known insurance brands such as GEICO and the reinsurance firm Gen Re. GEICO, a wholly owned subsidiary of Berkshire Hathaway Inc. (NYSE:BRK-B), is one of the best auto insurance companies in the US. As the largest financial services company in the US, Berkshire Hathaway Inc. (NYSE:BRK-B) has a trailing twelve-month revenue of $402.88 billion as of June 30, 2024.
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