The financial sector is at the heart of a country’s economy. The insurance and financial services industry accounts for $1.5 trillion, or 7.4% of total GDP in the United States. New York City, in particular, is a natural financial centre—thanks to the Wall Street. From the New York Stock Exchange to banks and financial counsellor firms, the city offers something for practically every financial requirement. It has some of the top finance companies in the world, and their services are used all around the world. In this blog, we will look at the top 10 finance companies in New York.
Top 10 Finance Companies
1. J.P. Morgan
- Headquarters: New York, NY
- Size: 10000+ Employees
- Founded: 1799
- Type: Company – Public (JPM)
- Industry: Investment & Asset Management
- Revenue: $8.3 billion (USD), as of April 2022.
J.P. Morgan has been doing first-class business for over 200 years. Throughout its history, it has been a key participant in assisting businesses and markets to expand. The company collaborates with other companies around the world to provide the best solutions and guidance to suit the demands of its clients. It has operations in 150 countries and is a one of the global leaders in finance industry.
2. Citi
- Headquarters: New York, NY
- Size: 10000+ Employees
- Founded: 1812
- Type: Company – Public (C)
- Industry: Investment & Asset Management
- Revenue: $4.3 billion (USD), as of April 2022.
Citi is more than just a worldwide financial services company. It’s a driving force for advancement. The company has had a really positive influence, from Australia to Zambia, with over 200 years of continuously changing financial services. Citi has financial operations in 160 countries and 100 different currencies, and has a global reach. The company has 200 million customers, including some of the most well-known brands in various industries, sectors, businesses, and governments.
3. Bank of America
- Headquarters: Charlotte, NC
- Size: 10000+ Employees
- Founded: 1904
- Type: Company – Public (BAC)
- Industry: Banking & Lending
- Revenue: $10+ billion (USD)
Bank of America is one of the world’s major financial companies, offering a comprehensive range of banking, investing, asset management, and other financial and risk management products and services to individuals, small and middle-market enterprises, and large corporations. The company serves approximately 67 million clients and small business relationships in the United States. It is a global leader in corporate and investment banking and trading.
4. Goldman Sachs
- Headquarters: New York, NY
- Size: 10000+ Employees
- Founded: 1869
- Type: Company – Public (GS)
- Industry: Investment & Asset Management
- Revenue: $12.93 billion (USD), as of March 2022.
The Goldman Sachs Group, Inc. is a global investment banking, securities, and investment management company that serves a large and diverse customer base that includes corporations, financial institutions, governments, and high-net-worth individuals. Established in 1869, the New York-based firm maintains offices in all the world’s major financial centers.
5. Morgan Stanley
- Headquarters: New York, NY
- Size: 10000+ Employees
- Founded: 1935
- Type: Company – Public (MS)
- Industry: Investment & Asset Management
- Revenue: $14.8 Billion (USD), as of April 2022.
Morgan Stanley is a multinational investment management and financial services company located in Midtown Manhattan, New York City, at 1585 Broadway. The firm’s clientele includes organizations, governments, institutions, and people, with offices in more than 41 countries and more than 75,000 workers. Total revenue placed Morgan Stanley No. 61 on the Fortune 500 list of the top firms in the United States in 2021.
6. BNY Mellon
- Headquarters: New York, NY
- Size: 10000+ Employees
- Founded: 1784
- Type: Company – Public (BK)
- Industry: Investment & Asset Management
- Revenue: $16.158 billion (USD), as of March 2022.
BNY Mellon is a global investment firm committed to assisting clients with the management and servicing of their financial assets throughout their investment lifetime. In 35 countries, BNY Mellon provides knowledgeable investment and wealth management services. For clients wanting to create, trade, hold, manage, service, distribute, or restructure investments, BNY Mellon can serve as a single point of contact.
7. American Express
- Headquarters: New York, NY
- Size: 10000+ Employees
- Founded: 1850
- Type: Company – Public (AXP)
- Industry: Financial Transaction Processing
- Revenue: $11.74 billion (USD), as of March 2022.
The American Express Company (Amex) is a worldwide firm specializing in payment card services with headquarters in New York City at 200 Vesey Street. The company was established in 1850 and is one of the Dow Jones Industrial Average’s 30 components. Credit cards issued by the American Express network accounted for 22.9 percent of all credit card transactions in the United States in 2016.
8. Merrill Lynch
- Headquarters: New York, NY
- Size: 10000+ Employees
- Founded: 1820
- Type: Subsidiary or Business Segment
- Industry: Investment & Asset Management
- Revenue: $10+ billion (USD)
Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) was founded in 1914 and is one of the world’s leading wealth management firms. Merrill Lynch financial advisors combine financial expertise with a thorough grasp of the customers’ requirements to help them live the lives they desire. Its financial advisers use Merrill Lynch investing insights.
9. Chase
- Headquarters: New York, NY
- Size: Unknown
- Founded: 1799
- Type: Company – Public
- Industry: Banking & Lending
- Revenue: NA
Chase provides personal banking, credit cards, mortgages, auto lending, investment advice, small business loans, and payment processing to over half of all consumers in the United States. Chase is a diverse and customer-focused organization dedicated to giving back to the communities and fostering a healthy workplace that provides an opportunity for all employees.
10. BlackRock
- Headquarters: New York, NY
- Size: 10000+ Employees
- Founded: 1988
- Type: Company – Public (BLK)
- Industry: Investment & Asset Management
- Revenue: $9.35 billion (USD), as of March 2022.
BlackRock, Inc. is a New York-based American international investment management company. It is the world’s largest asset manager, with US$10 trillion in assets under management as of January 2022. BlackRock is a worldwide investment firm with 70 offices in 30 countries and clients in over 100 countries. On behalf of investors around the world, the business managed about $6.47 trillion in assets as of March 31, 2020.
New York is a gold mine in the finance companies since it is a crossroads for international travel and a vacation destination for families. Besides these companies, New York has several other renowned banking firms. Working in one of the above companies can give you exposure at the highest level. Many individuals aspire to live in New York, the city that never sleeps, often called as “Big Apple”.
Also Read: Top 10 Companies Epitomising True Spirit of New York’s Work Culture
