of banking giants
Ever wonder why the legendary Warren Buffet loves bank stocks? 70% of his investments are in this industry alone! Aside from the fact that banking institutions constantly serve a societal need, most successful bank stocks are being traded at a bargain that spells easy profit.
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. JPMorgan Chase is ranked by S&P Global as the largest bank in the United States and the sixth largest bank in the world by total assets, with total assets of US$2.687 trillion.
The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting. The bank is one of the largest investment banking enterprises in the world and has a net worth of $64 billion in 2019.
Also known as Amex, American Express is an American multinational financial services corporation which is one of the 30 components of the Dow Jones Industrial Average. The company is best known for its charge card, credit card, and traveler’s cheque businesses. In 2017, Forbes named American Express as the most valuable financial brand in the world, estimating the brand to be worth US$24.5 billion.
Commerzbank AG is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. The bank is present in more than 50 countries around the world and provides almost a third of Germany’s trade finance.
Citigroup Inc (NYSE: C)
Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. Citigroup is ranked 3rd on the list of largest banks in the United States and, alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banks of the United States. Citi has reported a net income of $5.0 Billion by Q4 of 2019.
Morgan Stanley is an American multinational investment bank and financial services company which was ranked No. 67 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. In its first year, the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements.
Deutsche Bank AG is a global multinational investment bank and financial services company headquartered in Frankfurt, Germany. Deutsche Bank is one of the nine Bulge Bracket banks and is the 17th largest bank in the world by total assets. As the largest German banking institution, it is a component of the DAX stock market index.
Barclays plc is a British multinational investment bank and financial services company, headquartered in London. Barclays has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has a secondary listing on the New York Stock Exchange.