In this article, we discuss 5 of the biggest finance companies by market cap. If you want to see more of the biggest finance companies by market cap, go directly to 17 Biggest Finance Companies in the World.
5. ICBC
Market Capitalization as of 10/30: $198.07 billion
ICBC, otherwise known as Industrial and Commercial bank of China, is the most valuable of China’s big four state owned banks with a market capitalization of almost $200 billion as of 10/30. With assets of $5.5 trillion, ICBC has the most assets in the world. Given that it is state owned, ICBC doesn’t earn as much on its assets as some of the more valuable banks on this list that have fewer assets.
4. Bank of America Corporation (NYSE:BAC)
Market Capitalization as of 10/30: $290.32 billion
Number of Hedge Fund Holders: 99
Although banks face headwinds given inflation and a potential economic slowdown, Bank of America Corporation (NYSE:BAC) nevertheless has seen strong consumer spending and an increase in consumer loans in the third quarter. Bank of America Corporation (NYSE:BAC) CEO Brian Moynihan said, “Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts.” Given higher interest rates, the bank’s net interest margin increased to 2.06% in Q3 from 1.68% in Q2 2022 as well. As of 10/30, Bank of America Corporation (NYSE:BAC) has a market capitalization of slightly over $290 billion.
3. Mastercard Incorporated (NYSE:MA)
Market Capitalization as of 10/30: $318.39 billion
Number of Hedge Fund Holders: 137
Mastercard Incorporated (NYSE:MA) is a leading payments network that together with Visa Inc. (NYSE:V) form a duopoly in the payments sector in Western economies. Although Mastercard Incorporated (NYSE:MA) takes a small fee of around 0.3% from each transaction on its payment work, the payments add up and Mastercard Incorporated (NYSE:MA) has substantial revenue as a result. Given its high margins, Mastercard Incorporated (NYSE:MA) has substantial profits. As of 10/30, Mastercard Incorporated (NYSE:MA) has a market capitalization of $318.39 billion.
2. JPMorgan Chase & Co. (NYSE:JPM)
Market Capitalization as of 10/30: $369.81 billion
Number of Hedge Fund Holders: 104
JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm based in the U.S. with $2.6 trillion in assets. With $369.81 billion in market capitalization, JPMorgan Chase & Co. (NYSE:JPM) is the most valuable bank in the world. One reason for its success has been JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon, who has adeptly steered the bank through the Great Recession and the growth years afterwards. Dimon does see headwinds in 2023 however.
1. Visa Inc. (NYSE:V)
Market Capitalization as of 10/30: $441.16 billion
Number of Hedge Fund Holders: 166
Visa Inc. (NYSE:V) is a leading payments network that together with Mastercard Incorporated (NYSE:MA) dominate payments between merchants and customers with credit cards in the West. Although companies like Amazon have tried to lower the fees that Visa Inc. (NYSE:V) charges and fintech could also pose a challenge, analysts nevertheless expect Visa Inc. (NYSE:V) to continue to increase earnings per share for the future. As of 10/30, Visa Inc. (NYSE:V) had a market capitalization of $441.16 billion, ranking #1 on our list of 17 Biggest Finance Companies in the World.
You can also take a look at 20 Most Admired Companies in the World in 2022 and 15 Biggest Dow Companies By Market Cap.
