There are many types of companies in the finance area, from banks and trading firms to insurance firms and new financial technology (fintech) companies. Here are some main groups and some examples from each:
Banks for businesses:
The JPMorgan Chase is one of the biggest banks in the world. It provides many financial services, including personal banking, business banking, and asset management.
Credit cards, mortgages, and wealth management are just a few of the financial services that Bank of America offers.
Citigroup provides banking and financial services worldwide, such as loans and private banking.
Banks that invest money:
Goldman Sachs is known for its financial banking, stocks, and finance management.
Morgan Stanley is an investment bank focusing on wealth management, institutional stocks, and investment banking.
Barclays does business banking, fund management, and other financial work.
Firms that manage assets:
BlackRock is the biggest asset manager in the world, and it manages investments and gives advice on them.
Vanguard is a company that manages investments and is known for its index funds and exchange-traded funds (ETFs).
There are many ways to buy with Fidelity Investments, such as mutual funds and trading services.
Business Insurance:
State Farm makes insurance for cars, homes, and lives.
Allstate offers many types of insurance, such as car, home, and life insurance.
Prudential Financial helps people plan for retirement, manage their investments, and get insurance.
Companies that work with financial technology (Fintech):
PayPal is a service that lets you send and receive money online.
Square: This company helps people and businesses make payments and handle their money.
Stripe is well-known for its payment-handling tool and business financial infrastructure.
Companies that rate credit:
Moody’s does study, gives credit scores, and looks at risk.
Standard & Poor’s (S&P) is a company that rates debt, makes market indexes, and does studies on investments.
Credit scores and studies are available from Fitch scores.
Companies that act as brokers:
Charles Schwab does trading work, manages people’s money, and gives financial advice.
E*TRADE lets you trade, buy, and get financial help online.
You may know TD Ameritrade for its trading tools and financial services.
Trusts that invest in real estate:
Simon Property Group specializes in buildings for business use.
Public Storage:
This site is all about investing in self-storage property.
Prologis is a company that invests in transportation and industrial real estate.
Companies that handle payments:
Visa: Offers payment card services and ways to pay electronically.
MasterCard lets you make payments and handle your money.
American Express is well-known for its credit cards and other ways to pay.
This is just a tiny sample of the vast and changing in finance field, which includes many more specific areas and businesses.