Investment Banking Platforms In The USA
It has become very popular for bigwigs in the banking industry in the United States to expand their services beyond mere storage of money, loans, personal banking, small business, or consumer banking services.
A lot of them have advanced into offering commercial, asset management, and investment banking services.
What Is Investment Banking?
Investment banking is quite different from normal banking, which involves depositing, withdrawing, and obtaining loans.
In investment banking, banks that are into it can help governments, businesses, or agencies raise funds or capital.
Additionally, investment banks may advise governments or businesses on how much their business is worth, decisions to take, merger options, or even sales.
Experts in this field help investors analyze the risks and opportunities in a business, as well as offer them quality advice on the choices they plan to make and help them make the right business decisions.
In this post, we will be sharing with you some of the top 10 investment banking platforms in the United States.
Top Investment Banks In The USA
1. J.P. Morgan Chase
J.P. Morgan is one of the oldest banking institutions in the world, as its roots date back to the 18th century. The current name, JP Morgan Chase, is the result of the 2002 merger between JP Morgan and Co. and Chase Manhattan.
The bank has a wide-spread network across the world. It has at least 5000 branches in the United States and thousands of other branches across different countries.
Currently, J.P. Morgan Chase USA is an asset valued at $3.5 trillion. The bank offers a variety of services, which include asset management, loan facilities, retail banking, and investment banking. It’s rated first in the US investment banking industry.
Aside from being the biggest investment banking institution, it is currently the wealthiest bank in the United States.
2. Bank of America
Bank of America is another big wig in the investment banking service. The bank is currently rated 8th globally in terms of capacity and net assets.
Additionally, it has over 4000 branches in the United States and thousands of others across different countries of the world.
Bank of America offers banking services ranging from asset management to commercial and investment banking. It currently has a whopping asset worth of over $2.4 trillion, thus making it on of the key players in the banking niche.
3. Wells Fargo Bank
Wells Fargo is one of the “big four” banks in the United States. The bank is known to have 5,000 branches across the country.
It offers different kinds of financial banking, which include retail banking, asset management, retail banking, commercial banking, and investment banking.
Wells Fargo is worth over $1.8 trillion in total net assets. It also has branches in some other countries around the world.
Citigroup is an international financial institution with over 1,000 branches in the US and thousands more in other countries. They have fewer retail banking branches than many below them.
It has two major subsidiaries Citibank and Citicorp. Citibank offer a variety of different services, including; retail banking, assets and wealth management, and also, commercial and investment banking.
Citigroup is currently worth over $1.7 trillion in total net assets.
5. US Bank Corp
Founded in the wake of the 1800s, US Bank Corp is the originating company for US banks.
The bank has over $600 billion in total assets and has over 2000 retail branches across the United States. Bank Corp is one of the oldest banking institutions in the US and the second-oldest charter.
The bank offers a variety of services to their numerous customers, which include asset and wealth management, retail banking, group and commercial banking, as well as investment banking services.
6. PNC Financial Services
PNC Bank is a subsidiary of PNC Financial Services. The bank has over 3000 branches across the United States and is currently estimated to have $500 billion in total net assets.
The bank offers services like wealth management, commercial, retail, and investment banking. It’s currently rated as the biggest treasure management company in all of America.
7. Truist Financial Corporation
Truist Financial Corporation is a financial institution in the United States that was born as a result of the merger between Suntrust Bank and BB&T.
The bank now has over 2000 local branches and an asset value of more than $500 billion. Truist Financial Corporation offers a wide range of services, which include insurance banking, asset management, commercial broker services, and investment banking services.
8. Goldman Sachs
Goldman Sachs is currently rated one of the biggest investment institutions in the world because of the huge revenue it generates from there.
It has only two retail banking branches and offers services ranging from commercial to broker services and investment banking. The bank is worth close to $500 billion in total assets.
9. T. D. Bank, NA
TD Bank, N.A. is a subsidiary of the Canadian-based TD Bank Group.
The bank has most of its branches along the East Coast and is said to have more than 1,000 local branches.
It is currently worth over $400 billion in total company assets and offers varieties of financial services, which include business, commercial, personal, and investment banking services.
10. Capital One Financial Corporation
Capital One is one big financial institution with fewer branches and mostly focused on credit cards. It’s named the biggest credit card company in the whole of the United States.
The bank has over 300 domestic branches across the United States and, it’s worth $400 billion in total company assets.
Capital One Financial Corporation offers financial services like commercial banking, consumer banking, and investment banking.
In order to pick out the top investment platforms in the USA, things like assets, loans, stocks, and investments are considered.
Although some of the biggest world investment companies are not actually from the United State. Nevertheless, many of these banks have really set the pace when it comes to investment banking in the world