What companies are in the finance field?

What Companies Are In The Finance Field? (2022)

Khyati Hooda
By Khyati Hooda 19 Min Read

The finance industry is one of the most competitive industries in the world. Not only are employees competing for jobs, but the companies themselves are competing to stay on top. The finance industry continuously changes and adapts, so it can be hard to keep up with which companies lead the pack.  

The financial services sector is quickly adopting digital technology. Cash paying, in-person meetings with consultants, and using an ATM are becoming fading facets of the industry. We’ve outlined some essential terms to help you navigate its evolving landscape to provide a high-level overview of the financial sector.

Want to know what companies are in the finance field? We’ve compiled a list of 51 companies making waves in the industry in this blog.

What are the three major types of finance companies?

what companies are in the finance field


There are three significant types of finance companies: sales, consumer, and business.

1. Sales Finance Companies

Sales finance companies are owned by a retail or manufacturing company and provide loans to purchasers so that they may purchase items from that company. For example, the Sears Roebuck Acceptance Corporation provides loans to consumers for purchases at Sears stores, and the General Motors Acceptance Corporation provides loans for GM cars. 

Consumers frequently seek out sales finance companies because they can receive loans more quickly and conveniently at the location where they purchase an item. Banks often compete directly with sales finance companies for consumer loans.

2. Consumer Finance Companies

Consumer Finance Companies provide household improvement loans or refinance small obligations to purchasers. Consumer finance firms (such as Household Finance Corporation) or those owned by banks (such as Citigroup’s Person-to-Person Finance Company) lend money to consumers to purchase specific items like furniture or appliances. Consumer finance corporations typically provide credit to those who can’t find it anywhere else, and their rates are consequently higher.

3. Business Finance Companies

Business finance companies offer discount credit to businesses by making loans and purchasing accounts receivable (accounts the company owes); this is known as factoring. For example, A dressmaking concern might have $100,000 in outstanding accounts (accounts receivable) owed by retail outlets that bought its garments. If the firm wants to buy 100 new sewing machines, it may sell its accounts receivable to a financing firm for $90,000 in cash, which the company currently owes. 

In addition to factoring, business funding institutions also invest in equipment (such as railroads, airplanes, and computers) which they buy and then lease to enterprises for a set period.

Which company is best for finance jobs?

The most suitable finance companies to work for are the ones that provide excellent benefits, a substantial salary, high job satisfaction, and low stress. Credit organizations that offer loans and investment services to individuals, often characterized as investment banking or commercial banking companies, are the best companies to go for when looking for a job. 


Our choice for you is JPMorgan Chase & Co. There are four leading banks in the United States, and JPMorgan is one of them. It has $3.19 trillion in total assets and is one of the country’s most extensive financial services and investment companies. According to PayScale, JPMorgan employees make $92,000 per year on average. JPMorgan also received a 4.0-star rating from Glassdoor users. 

According to current and former employees, JPMorgan provides excellent employee benefits, maintains a good company culture, and promotes an enjoyable group environment.


Types of Financial Services

To know what companies are in the finance field? You must understand the different types of financial services:


The banking process includes depositing money into a checking or savings account and lending out clients’ money. Those who have invested in banks earn interest from these loans. The Federal Deposit Insurance Corporation (FDIC) dictates that 10% of the deposited funds stay on hand, while the other 90% is used for loans.


In this financial management division, you can find a range of services available for individuals and organizations. Financial advisors may offer investment due diligence, help with company appraisal advice, help with real estate endeavors, and more. 

Managing Capital

Managing capital is a type of financial service that, in contrast to traditional saving and investment, lets people intelligently save money and earn a return on their investment when possible. 

Reciprocating Funds

Mutual fund institutions provide a kind of savings for various individuals to own. A manager oversees these assets, not the owners themselves. Getting into a mutual fund is not as big an investment as you might think. It’s more common than conventional bond portfolios, stocks, and other things like that! 


Insurance is a prominent field in financial services, and many consumers know it. It’s a monthly or yearly policy that can protect significant expenses, which are sometimes unexpected. There are several types of policies: car insurance, house insurance, etcetera. 


Financial Service Industry Regulations

Independent agencies must maintain transparency on behalf of the regulatory bodies. These agencies oversee different financial institutions’ operations and treat their clients relatively while maintaining various regulations. 

Source: istock

What companies are in the finance field? The industry regulations of such companies are: The Financial Industry Regulatory Authority (FINRA) and the Office of the Comptroller of the Currency (OCC).

FINRA: The FINRA is the largest independent US regulator overseeing brokerage firms and exchange markets. In 2019, they launched the Office of Financial Innovation to communicate between regulators, investors, and financial service providers. The purpose behind establishing it was to help understand technological progress in finance industries while regulating them correctly.

OCC: The OCC is an independent bureau in the US Department of the Treasury that regulates all national banks. Recently, The OCC announced that banks could not use the coronavirus pandemic as a means to accelerate branch closures. According to Insider Intelligence, The OCC is standing by existing rules governing bank closures after it took time to react and consider what was happening. 

It is essential first to understand the regulations in the finance industry to gain better knowledge about what companies are in the finance field. 

Learn about what companies are in the finance field

To know more about what companies are in the finance field, review the top ten companies of the finance industry:

1. Berkshire Hathaway

  • Founded: 1839
  • Headquarters: Kiewit Plaza, Omaha, Nebraska, USA
  • Market Value: 711.750 Billion USD
  • CEO: Warren Buffett

Berkshire Hathaway, an American multinational conglomerate founded by Warren Buffet, invests in various sectors. As of 2022, they are the largest financial services company globally, with USD 247.5 billion last fiscal year (more than Apple). Berkshire Hathaway’s revenues mainly come from wholly owning or owning a minority stake in multiple top-tier companies, including GEICO, Duracell, Dairy Queen, and others. 

The company also has minority holdings in entities such as American Express (17.6%), Wells Fargo Bank (9.9%), The Coca-Cola Company (9% 9%), and Bank of America Corporation (~6%). 

Berkshire Hathaway is the most successful company in the finance field. To know more about what companies are in the finance field, continue reading this blog. 



  • Founded: 1958
  • Headquarters: USA
  • Market Value: 471.630 Billion USD
  • CEO: Alfred F Kelly Jr

Visa INC is a multinational payments technology company that enables consumers, businesses, and governments to use digital currency. Visa issues more than 345 million Visa cards in the United States alone. The second place is occupied by Mastercard, with 797 million cards worldwide. 

Visa provides authorization services for financial institutions and merchants while also providing credit card servicing- something they do not issue themselves -to consumers and businesses. The company makes its profits by selling these services as a middleman between parties rather than profiting from interest on Visa-branded cards. Instead, it goes back to the issuing bank or card issuer (stakes are often higher with them). 

Because Visa is so dominant in the market, it has only a handful of notable competitors like Mastercard Inc. Still; more new digital payments companies are coming up who want their slice too!

what companies are in the finance field


3. J P Morgan Chase & Co

  • Founded: 2000
  • Headquarters:New York, USA
  • Market Value: 494.000 Billion USD
  • CEO: Jamie Dimon

J P Morgan Chase & Co., previously J.P. Morgan and Company, Inc., is an American banking and financial services company created through the December 2000 merger of J.P. Morgan & Co and The Chase Manhattan Corporation. 

J P Morgan Chase is a universal bank with investment banking, private wealth management, asset management divisions under its wings while it uses the brand “JPMorgan” for these purposes. On the other hand, “Chase Bank” brands are used for commercial banking in America as well as credit card services in both countries (US&Canada). 

JPMorgan Chase and Co. have four business segments: 

The consumer and community banking division (providing services to its clients), the corporate investment bank division (offering products like investments), and commercial banking, belong mainly to consumers who want financial solutions, treasury services, or asset management. An asset and wealth management segment also offers different investment solutions.

4. Bank Of America Corporation

  • Founded: 1968
  • Headquarters: Charlotte, N.C., USA
  • Market Value: 402.490 Billion USD
  • CEO: Brian T. Moynihan

Bank of America is the second-largest banking organization in the United States, serving more than 10% of all American bank deposits. BofA’s other areas of focus are commercial banking and wealth management. More recently, they announced their commitment to helping combat climate change by mobilizing $1 trillion for environmental and sustainability causes over 15 years (by 2030). 

Bank Of America has functions in more than 35 different countries throughout Europe, The Middle East, and Africa (EEMA), Asia Pacific, and The Americas; as such, it has long-term commitments towards helping communities thrive economically and socially.

5. Mastercard

  • Founded: 1966
  • Headquarters: New York, USA
  • Market Value: 363.200 Billion USD
  • CEO: Ajaypal Singh Banga

Mastercard is a company in the global payments industry. In contrast to being a credit card company, Mastercard sees itself as one of the top worldwide labels for debit, credit, and prepaid cards. 

Though most people think of it as a business that deals exclusively with conventional payment methods like checks or cash transactions, they don’t know that Mastercard connects many different participants in various kinds of transactions: consumers, merchants, and government, among others. 

Much revenue comes from fees paid by customers, which are financial institutions such as banks that pay them to issue their own branded cards. This customer does not typically consist solely of average consumers but relatively high-end organizations known for employment opportunities like corporations, universities, etc.


6. PayPal Holdings

  • Founded: 1998
  • Headquarters: San Jose, CA.
  • Market Value: 220.420 Billion USD
  • CEO: Daniel Schulman

PayPal Holdings, Inc. is a global technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, and Venmo products, which help merchants process transactions on the payment side of the business while also helping consumers. 

Consumers use their accounts to purchase goods or withdraw funds from funding sources, including bank accounts and credit cards. The firm offers person-to-person payment solutions through its website and mobile application. 

It provides services such as Venmo transferring money online with friends instantly using a phone app or Xoom sending international money transfers that are fast at a low cost.


7. Industrial and Commercial Bank of China (ICBC)

  • Founded: 1984
  • Headquarters: Beijing, China
  • Market Value: 252.550 Billion USD
  • CEO: Nicolas Jimenez

Industrial and Commercial Bank of China (ICBC) provides banking, asset management, financial services, insurance, and other products to corporations in China through their 450 branches across 50 countries. The bank generates more than 90% of its income from mainland China. Their three main types of service are:

  • Banking Services for corporate customers
  • Financial Services that includes retail banking as well as investment services for both individuals and companies
  • Investment Services covers a range from personal customer advisory to wealth-management advice catering specifically for the needs of high net worth clients with assets valued at over USD 1 million or RMB 10 million, respectively.

To date, ICBC has been named “the world’s safest bank” no less than six times by the American journal Forbes. These are due to quality capitalization ratios while maintaining healthy liquidity levels despite significant risks in non-performing loans outside the country.


8. China Merchants Bank 

  • Founded: 1987
  • Headquarters: Shenzhen, China
  • Market Value: 199.860 Billion USD
  • CEO: Huiyu Tian

China Merchants Bank is a national commercial bank with distinctive features and market influence in China. The company’s distribution network covers major cities in mainland China and international financial centers such as Hong Kong, New York, London, Singapore, Luxembourg, and Sydney. 

The company provides various wholesale banking products and retail banking services to its customers. They also maintain treasury businesses for their purposes or on behalf of customers. 

Furthermore, they offer debit cards, credit cards, wealth management services, private banking services, transaction banks, offshore business activities, including global cash management, trade financing, asset management, asset custody, investment bankers, among others. 

9. Morgan Stanley

  • Founded: 1935
  • Headquarters: Manhattan, New York City, USA
  • Market Value: 186.710 Billion USD
  • CEO: James P. Gorman

Morgan Stanley is an investment bank and financial services corporation in America. It has been involved with cryptocurrency, and since the compiling of this list, they have bought over 28,000 shares of gray-scale bitcoin to meet the needs of high-net-worth customers like themselves. 

As a Fortune 500 company by 2021, Morgan Stanley (NYSE: MS) currently sits at number 100 on its ranks and is valued at $163.17 billion on open market exchanges globally.

It operates in 42 countries worldwide with 55 thousand staff members employed under them who provide various banking services such as investment management to individuals, corporations, financial institutions, and governments alike, including securities trading.

what companies are in the finance field


10. Wells Fargo & Company

  • Founded: 1852
  • Headquarters: San Francisco, CA.
  • Market Value: 218.380 Billion USD
  • CEO: Charles W. Scharf

Wells Fargo is a company that provides insurance, investments, mortgage, and consumer finance. It operates in the following segments: Community Banking, Wholesale Banking Wealth & Investment Management, and Other. 

The Community Banking segment offers a complete line of diversified financial products for consumers and small businesses, including checking accounts, credit cards, student loans, automobile lending, etc. In contrast, the Wholesale Division provides financial solutions to companies across the US and globally with personalized wealth management and investment retirement products, among others. 

The firm also includes business-related services such as brokerage advisory functions or funding for Wells Fargo’s commercial transactions.

These companies are changing how businesses innovate by providing their services to encourage growth in various industries worldwide.


Banks are places where you can store money, but they don’t stay safe for long. Financial services provide us with the means to make, save and handle funds. Organizations other than banks work with cash, too; This blog aims to answer the question “what companies are in the finance field?” and break down the top 51 largest finance companies in the world by market value as of 2022. Financial Services is expected to reach nearly 26 trillion dollars by 2022.

What is likely going forward for financial service providers? Expect FinTech disruptors (new market entrants) looking into these innovations that aim to disrupt traditional players’ legacy business models!

Furthermore, we hope that our insights into the global financial services industry will be helpful for business professionals or people interested in investing or gaining general knowledge about it. 

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Posted by Khyati Hooda
Khyati is an entrepreneur, marketing consultant and growth hacker. She helps sustainable revenue growth through marketing for SaaS and subscription companies. Her expertise lies in building scalable customer acquisition strategies and implementing effective digital marketing campaigns that drive high-quality, low-cost leads for startups. Khyati has managed over $50M in marketing budgets across various industries including technology, finance, education, retail, consumer goods and more - successfully delivering over 15x ROI for her clients.
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