The financial sector is a crucial pillar of the U.S. economy, contributing approximately $1.7 trillion, or 5.9%, to the nation’s GDP as of 2024. New York City stands out as a global financial hub, prominently featuring Wall Street, the New York Stock Exchange, and a diverse array of financial institutions. With a rich history and a dynamic landscape of banking and investment services, the finance companies in New York are some of the world’s most influential. In this blog, we explore the top 10 finance companies in New York, highlighting their revenue and contributions to the financial ecosystem.
Top 10 Finance Companies in New York
| Sr no. | Fiance Company | Revenue |
| 1. | J. P. Morgan | $170.32 Billion |
| 2. | Bank Of America | $321.08 Billion |
| 3. | Citi | $79.82 Billion |
| 4. | American Express | $63.26 Billion |
| 5. | Morgan Stanley | $52.68 Billion |
| 6. | Goldman Sachs | $50.07 Billion |
| 7. | Mastercard | $26.39 Billion |
| 8. | Merrill Lynch | $23.40 Billion |
| 9. | BlackRock | $18.68 Billion |
| 10. | BNY Mellon | $17.59 Billion |
1. J.P. Morgan
- Headquarters: New York, NY
- Size: 300,000+ Employees worldwide
- Founded: 1799
- Type: Company – Public (JPM)
- Industry: Investment & Asset Management
- Revenue: $8.3 billion (USD), as of Oct 2024
J.P. Morgan has been doing first-class business for over 200 years. Throughout its history, it has been a key participant in assisting businesses and markets to expand. The company collaborates with other companies around the world to provide the best solutions and guidance to suit the demands of its clients. It has operations in 150 countries and is a one of the global leaders in finance industry. It has operations in 100 countries and is one of the global leaders among the top finance companies in New York.
2. Bank of America
- Headquarters: Charlotte, NC
- Size: 213,500+ Employees worldwide
- Founded: 1904
- Type: Company – Public (BAC)
- Industry: Banking & Lending
- Revenue: $321.08 billion (USD), as of Oct 2024.
Bank of America is one of the world’s major financial companies, offering a comprehensive range of banking, investing, asset management, and other financial and risk management products and services to individuals, small and middle-market enterprises, and large corporations.
The company serves approximately 67 million clients and small business relationships in the United States. It is a global leader in corporate and investment banking and trading, solidifying its status among the top financial companies in NYC.
3. Citi
- Headquarters: New York, NY
- Size: 229,000+ Employees worldwide
- Founded: 1812
- Type: Company – Public (C)
- Industry: Investment & Asset Management
- Revenue: $79.82 billion (USD), as of Oct 2024.
Citi is more than just a worldwide financial services company. It’s a driving force for advancement. The company has had a really positive influence, from Australia to Zambia, with over 200 years of continuously changing financial services. Citi has financial operations in 160 countries and 100 different currencies, and has a global reach. The company has 200 million customers, including some of the most well-known brands in various industries, sectors, businesses, and governments. This makes Citi one of the top financial companies in new york.
4. American Express
- Headquarters: New York, NY
- Size: 74,600+ Employees worldwide
- Founded: 1850
- Type: Company – Public (AXP)
- Industry: Financial Transaction Processing
- Revenue: $63.26 billion (USD), as of Oct 2024.
The American Express Company (Amex) is a worldwide firm specializing in payment card services with headquarters in New York City at 200 Vesey Street. The company was established in 1850 and is one of the Dow Jones Industrial Average’s 30 components.
Credit cards issued by the American Express network accounted for 22.9 percent of all credit card transactions in the United States in 2016, owning its reputation among the top 5 financial companies in New York.
5. Morgan Stanley
- Headquarters: New York, NY
- Size: 80,000+ Employees worldwide
- Founded: 1935
- Type: Company – Public (MS)
- Industry: Investment & Asset Management
- Revenue: $52.68 Billion (USD), as of Oct 2024.
Morgan Stanley is a multinational investment management and financial services company located in Midtown Manhattan, New York City, at 1585 Broadway. The firm’s clientele includes organizations, governments, institutions, and people, with offices in more than 41 countries and more than 80,000 workers. Total revenue placed Morgan Stanley No. 41 on the Fortune 500 list in the United States in 2024. This showcases its prominence among the top finance companies in New York.
6. Goldman Sachs
- Headquarters: New York, NY
- Size: 45,300+ Employees worldwide
- Founded: 1869
- Type: Company – Public (GS)
- Industry: Investment & Asset Management
- Revenue: $50.07 billion (USD), as of Oct 2024.
The Goldman Sachs Group, Inc. is a global investment banking, securities, and investment management company that serves a large and diverse customer base that includes corporations, financial institutions, governments, and high-net-worth individuals. Established in 1869, the New York-based firm maintains offices in all the world’s major financial centers, earning its place among the top finance companies in New York.
7. Mastercard
- Headquarters: New York, NY
- Size: 33,400+ Employees worldwide
- Founded: 1966
- Type: Company – Public (MA)
- Industry: Financial Transaction Processing
- Revenue: $26.39 billion (USD), as of Oct 2024.
Mastercard is a leading global payments technology company, facilitating digital payments and financial transactions worldwide. With its innovative payment solutions, Mastercard empowers consumers, businesses, and governments to transact seamlessly and securely.
The company operates in more than 210 countries, providing services that include credit, debit, and prepaid cards. Mastercard is committed to driving financial inclusion and advancing technology to support the evolving needs of its customers. This makes it one of the top finance companies in New York.
8. Merrill Lynch
- Headquarters: New York, NY
- Size: 14,000+ Employees worldwide
- Founded: 1820
- Type: Subsidiary or Business Segment
- Industry: Investment & Asset Management
- Revenue: $23.40+ billion (USD), as of Oct 2024
Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) was founded in 1914 and is one of the world’s leading wealth management firms. Merrill Lynch financial advisors combine financial expertise with a thorough grasp of the customers’ requirements to help them live the lives they desire. Therefore, Merrill Lynch sustains its reputation among the top financial companies in New York.
9. BlackRock
- Headquarters: New York, NY
- Size: 19,800+ Employees worldwide
- Founded: 1988
- Type: Company – Public (BLK)
- Industry: Investment & Asset Management
- Revenue: $18.68 billion (USD), as of Oct 2024
BlackRock, Inc. is a New York-based American international investment management company. It is the world’s largest asset manager, with US $11.5 trillion in assets under management as of 2024. BlackRock is a worldwide investment firm with 70 offices in 30 countries and clients in over 100 countries, reinforcing its status as one of the top finance companies in New York.
10. BNY Mellon
- Headquarters: New York, NY
- Size: 53,400+ Employees worldwide
- Founded: 1784
- Type: Company – Public (BK)
- Industry: Investment & Asset Management
- Revenue: $17.59 billion (USD), as of Oct 2024.
BNY Mellon is a global investment firm committed to assisting clients with the management and servicing of their financial assets throughout their investment lifetime. In 35 countries, BNY Mellon provides knowledgeable investment and wealth management services.
For clients wanting to create, trade, hold, manage, service, distribute, or restructure investments, BNY Mellon can serve as a single point of contact. Therefore BNY Mellon made its way to the top 10 leading finance companies in New York.
Conclusion
The finance companies in New York act as a nexus for international business and a prime destination for professionals seeking growth in the financial sector. Beyond the top firms listed above, the city boasts a wealth of other prominent banking and investment institutions.
Working in one of these leading finance companies in New York offers unparalleled exposure to the highest echelons of finance, presenting exciting opportunities for career development and professional success. Whether you’re looking to engage with clients globally or innovate within the financial landscape, these finance companies in New York remain an unmatched environment for professionals.
FAQs
- What is the largest finance company in New York?
Answer: J. P. Morgan is the largest finance company in New York with a revenue of $170.32 Billion as of October 2024. The company operates in Investment, commercial banking, financial transaction processing, and Asset Management.
- What are the top banking firms in NYC?
Answer: J. P. Morgan, Bank Of America, Citi, American Express, Goldman Sachs, and BNY Mellon are the top banking firms in New York City.
- Which is the biggest financial company in the world?
Answer: J. P. Morgan is the biggest finance company in New York with a Market Cap of $627.81 Billion as of 2024
- What are the best finance companies to work for NYC?
Answer: J. P. Morgan, Bank Of America, Citi, American Express, Morgan Stanley, Goldman, Sachs, Mastercard, Merrill Lynch, BlackRock, and BNY Mellon are the best finance companies to work for in NYC.
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