The finance sector is the backbone of the global economy. The financial services industry is expectedly to reach $ 26.5 billion by 2022. Hence The solid financial services sector and Most Valuable Financial Companies are responsible for the growth of the national economy.
Moreover, it means that companies and organizations in the industry can better manage risk through this sector.The financial services sector is vital. Thus, The World’s Top Finance Companies contribute to dramatic growth in the global financial services industry.
This article will discuss the most valuable financial companies globally, Besides the top Financial companies. There is no specific order or rankings.
Ping An Insurance Company of China, Ltd.
It is a Chinese company that owns subsidiary banks, asset management, insurance, health care, financial services, among many others. The market value of Ping An China reaches $ 185.3 billion. Thus, It is one of the most valuable financial companies globally.
Morgan Stanley
MORGAN STANLEY is a USA-based financial service and Investment Banking service that provides MNC. The headquarters are in the USA. They help individuals, businesses, and institutions build, maintain, and furthermore manage their assets to pursue their financial goals. In addition, the company actively participates in cryptocurrency.
The company has three business units – Institutional Securities Group Wealth Management and Investment Management.
Goldman Sachs Group Inc.
Goldman Sachs Group is an investment bank and Financial Services Company based in the United States. They provide advanced trading services, asset management, banking investments, among many others.
Their total assets reached $ 1.16 trillion by 2020. However Goldman Sachs Group Inc. Market value (NYSE: GS) is worth 125.2 billion.
With its headquarters in New York City,
Citigroup Inc.
It is an American investment bank and a diversified financial services organization based in New York City. The firm functions in more than 160 countries, with an impressive base of more than 200 million customers.It is ranked among the nine largest international investment banks in the Bulge Bracket and is ranked 30th in the Fortune 500 from 2019.The company currently costs $ 147.6 billion in the open market.
American Express Company
It is amongst the oldest financial companies in the US. It was founded in 1850 by John Butterfield, Henry Wells, and William G. Fargo. Its headquarters are in New York City. Though The company today stands amongst the largest financial services companies in the World.
Boasting a market capitalization of $ 132.3 billion. Owned by Berkshire Hathaway Inc. (NYSE: BRK-B), American Express Company (NYSE: AXP), American financial services and travel agency operating in more than 130 countries.
Allianz SE
Allianz is a German MNC that provides financial services related to insurance and asset management.
The firm was founded in 1890 initially established as a transport and accident insurance company. However, today Allianz offers various services such as real estate and injury insurance, life and health insurance, credit insurance, travel insurance, and asset management services for several products and companies under them. It has A market value of $ 105.2 billion and more than 100 million customers.
HSBC Holdings plc
HSBC Holdings plc (NYSE: HSBC) is one of the largest investment banks in Europe. It has its headquarters in London. HSBC is well organized into four business groups: Commercial Banking, Global Banking and Markets (investment bank), Retail Banking and Asset Management, and Global Private Banking.
With all its assets at $ 2.9 trillion, HSBC Holdings plc (NYSE: HSBC) has a market value of $ 119.8 billion. However HSBC has an international network of approximately 3,900 offices in 65 countries and territories as of 2020.
Conclusion
These seven most valuable financial companies in the World, besides top Financial companies, are undoubtedly widely acknowledged. In addition, they provide excellent assistance to their clients in their fields and grow their employees beyond their capabilities!
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Sukhpreet Kaur
