In this article, we discuss the 5 Most Valuable financial companies in the world. If you want to read our detailed analysis of these companies, go directly to the 20 Most Valuable Financial Companies in the World.
5. Bank of America Corporation (NYSE: BAC)
We have reached the top 5 of our list of the 20 Most Valuable financial companies in the world, placing Bank of America Corporation (NYSE: BAC) at number 5. Much like one of its competitors, Citigroup Inc. (NYSE: C), The Bank of America Corporation (NYSE: BAC) is an American Investment Bank that has operations in more than 30 countries and a market capitalization of $355.9 billion.
ClearBridge Investments, in its Q1 2021 investor letter, mentioned Bank of America Corporation (NYSE: BAC). Here is what the fund said:
“Higher long-term interest rates supported financials such as Bank of America, which has shown both defensive and offensive characteristics in the past year. We believe it continues to be the least risky large bank from a credit standpoint, with conservative underwriting and controlled risk-taking, a leading consumer deposit franchise, scale, and technology. It is also a leader in its commitments to sustainability, or as it terms it, responsible growth. Disclosure and reporting at all levels form a large part of this commitment, including gender diversity and equality, environmental commitments, and support of communities in which it operates. In the first quarter, Bank of America announced it is setting a goal of net-zero greenhouse gas (GHG) emissions in its supply chain and operations, and notably also in its financing activities, before 2050.”
4. Mastercard Incorporated (NYSE: MA)
We see the names “Mastercard” and “Visa” all around us. Mastercard Incorporated (NYSE: MA) is an American financial services company and a renowned payment network. In 2014, Mastercard Incorporated (NYSE: MA) collaborated with Apple to incorporate a mobile wallet feature, Apple Pay, in the then-new iPhone 6 and Apple watch which facilitated users with the ability to digitize credit and debit cards transactions. The market value of Mastercard Incorporated (NYSE: MA) values at $364.3 billion.
3. JPMorgan Chase & Co. (NYSE: JPM)
The biggest bank in America, JPMorgan Chase & Co. (NYSE: JPM), is a banking and financial services corporation that has assets worth $3.39 trillion. The bank serves in more than 100 countries and is worth $467.4 billion on the open market.
2. Visa Inc. (NYSE: V)
Visa Inc. (NYSE: V), the main competitor of Mastercard Incorporated (NYSE: MA) and American Express Company (NYSE: AXP), is a multinational American financial services corporation that allows for electronic transactions through its branded credit, debit, and prepaid cards. Visa Inc. (NYSE: V) boasts a market capitalization of $499.2 billion.
ClearBridge Investments, in its Q1 2021 investor letter, mentioned Visa Inc. (NYSE: V). Here is what the fund said:
“To make room for these new names with more attractive outlooks related to the reopening, we sold out of companies where the thesis is not playing out at the pace we expected including Visa.”
1. Berkshire Hathaway Inc. (NYSE: BRK-B)
We have reached the top of our list of the 20 Most Valuable financial companies in the world, placing Berkshire Hathaway Inc. (NYSE: BRK-B) at number 1. Berkshire Hathaway Inc. (NYSE: BRK-B), is an American holding conglomerate led by Warren Buffett and has assets worth $884.3 billion. As of 2021, Berkshire owns a little over 5% of Apple, which has a market value of more than $2 trillion, making this Buffett’s biggest investment in another publicly traded company. On the open market, Berkshire Hathaway Inc. (NYSE: BRK-B) is worth $632.6 billion, the highest on our list.
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