Financial Services Companies tend to provides vast array of businesses which include a money managing, banks, Unions, credit card services, insurance companies, investment services, accountancy companies, consumer finance companies etc. The successful financial companies tend to earn revenue by billions. The following is a list of world largest publicly traded financial services companies.
Warren Buffet’s insurance and investing conglomerate Berkshire Hathaway is less about Buffett than it ever was. Warren Buffett’s Berkshire Hathaway ventured out turning into a conglomerate in 1967 by venturing from textile to insurance, which would turn into its backbone. Almost fifty years after the fact, it’s developed once more.
The organization used to create the heft of its income from Buffett’s investment strategy. Be that as it may, in mid 2016, Berkshire finished its $32 billion securing of Precision Castparts. That adds to many organizations Berkshire now possesses from auto insurance agency Geico, to underwear creator Fruit of the Loom, to railroad giant Burlington Northern. Berkshire now generates nearly three-quarters of its revenue from its non-financial operating businesses, which is good news.
Berkshire Hathaway estimated revenue is around US$ 210.82 billion as of 2015.
Berkshire Hathaway Net income stands at US$ 24.08 billion as of 2015.
Berkshire Hathaway Total Assets are US$ 552.25 billion as of 2015.
AXA SA, through its subsidiaries, gives insurance and resource management services worldwide. It works through five segments: Life & Savings, property and casualty, international insurance, asset management and banking. The Life and Savings section offers term life whole life, universal life, endowment, deferred and immediate annuities, and other investment-based products; and critical illness and permanent health insurance products for individual and commercial clients.
AXA SA estimated revenue is around US$ 98.53 billion as of 2015.
AXA SA Net income stands at €5.61 billion as of 2015.
AXA SA Total Assets are €552 billion as of 2015.
American Express Company, a multibillion-dollar holding organization whose subsidiaries give travel and financial services around the world, follows its foundations to a New York express business established by Henry Wells in 1841. The organization’s different products and services are sold worldwide to different clients, including buyers, little organizations, average sized organizations and extensive companies.
American Express estimated revenue is around US$ 34.44 billion as of 2015.
American Express Net income stands at US$ 5.16 billion as of 2015.
American Express Total Assets are US$ 161.0 billion as of 2015.
Allianz SE core businesses are insurance and asset management. Allianz SE is a European financial services company headquartered in Munich, Germany. The life/medical coverage business line of Allianz produced the biggest measure of income in 2014. Its Corporate and Other segment provides various banking products for different clients like retail and corporate; and alternative investment management services in the private equity, real estate, renewable energy, and infrastructure sectors.
Allianz SE has a vast number of subsidiaries.
Allianz SE estimated revenue is around US$ 122.3 billion as of 2015.
Allianz SE Net income stands at €6.603 billion as of 2015.
Allianz SE Total Assets are $805.787 billion as of 2015.
Industrial and Commercial Bank of China Ltd is the largest bank in the world in terms of total assets and by market capitalization. It is a Chinese multinational banking company having branches in different countries of the world. On January 1, 1984 it was founded as limited company. As of June 2015, it had assets worth US$3.616 trillion.
It also deals in various sectors like Finance and insurance, Consumer and consumer banking, Investment management, Global wealth management, Private equity, Mortgage loans and Credit cards.
ICBC estimated revenue is around CN¥475.21 billion as of 2011.
ICBC Net income stands at CN¥208.44 billion as of 2011.
ICBC Total Assets are CN¥23.097 billion as of 2011.
Federal National Mortgage Association is a government-sponsored enterprise founded in in 1938 during the Great Depression. Fannie Mae was created in 1938 to expand the flow of mortgage money by creating a secondary mortgage market. Fannie Mae was created by congress to provide stability and affordability to the mortgage market by acquiring and ensuring contracts that meet its subsidizing criteria. Its brother organization is Freddie Mac.
Fannie Mae estimated revenue is around US$ 25.8 billion as of 2015.
Fannie Mae Net income stands at US$ 14.2 billion as of 2015.
Fannie Mae Total Assets are US$ 3.248 billion as of 2015.
The other top financial service companies include:
- BNP Paribas
- Generali Group
- China Construction Bank
- Banco Santander
- JP Morgan Chase
Finance companies have experienced sustained growth. The size of the firm usually has some bearing on the exact services it offers. Large financial companies deal in number of businesses and tend to make high profits.