Top 10 Investment Banks in The World and Their Assets

Top 10 Investment Banks in The World: If you think of a bank, you might picture an institution that accepts deposits, and manages checking and savings accounts, among other things. Although that is true, there is another category of banks that specializes in stocks, bonds, and financial products.

These financial institutions may be a part of bigger organizations that also provide commercial banking services, but they hold a significant position in the investment system that has an effect on the entire economy.

The top investment banks in the world are sizable financial organizations that are crucial in enabling the flow of money throughout the economy. For instance, initial public offerings (IPOs) give investors the chance to contribute to a company’s fund-raising efforts. They might also acquire a stake in the company at the same time.

JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup are among the major investment banking firms in the world and are known as America’s Big Four banks.

Using consolidated asset statistics from the Federal Reserve, these investment banking firms can be considered the biggest commercial banks in the United States. Stocks, loans, properties, and reserves are all considered consolidated assets.

READ MORE: Top 10 Leading Banks in the world and Their Net Worth

Top 10 Investment Banks in The World and Their Assets

Investment banking is a globally diversified industry because it primarily aids large corporations and governments in raising funds. Even though some of the biggest investment banking firms in the world are not American, these foreign banks nonetheless dominate the domestic market. Check out our selections for the Top 10 Investment Banks in The World in the table below:

1. JPMorgan Chase-$313.97 billion

Best Investment Banks in The World.

Founded: 31 December 2000

Numbers of employees: 271,025

Market Cap: $313.97 billion

One of the biggest financial institutions in the world is JPMorgan Chase. Two divisions make up the majority of this enormous firm. The business and commercial bank division of the organization is called Chase. Investments, including investment banking, are more the center of the JPMorgan brand. At the end of 2021, the company reported total assets of $3.7 trillion.

The profitable investment banking service of mergers and acquisitions is one that JPMorgan heavily emphasizes. Advisory services, fundraising, and risk management are other services provided.

JPMorgan Chase was formed through a number of mergers and acquisitions, similar to the majority of major investment banks in the world. Chase Manhattan Bank, Bank One, Bear Stearns, and Washington Mutual are some of the predecessors. The oldest predecessor was the 31st-oldest bank worldwide and the third-oldest bank in the nation. Aaron Burr created the organization.

2. Bank of America-$250.46 billion

Founded: 30 September 1998

Numbers of employees: 200,000

Market Cap: $250.46 billion

This investment bank, which serves as Bank of America’s investment banking division, was established through a protracted series of mergers, most recently when Bank of America purchased the significant investment bank, Merrill Lynch, during the 2008 financial crisis. With significant hubs in Hong Kong, London, and New York, it conducts business all around the world. With $3.1 trillion in assets, Bank of America is the second-largest bank in the United States.

Mergers and acquisitions, debt and stock issues, financing, trading, risk management, and other services are among the investment banking services provided by Bank of America Merrill Lynch. Although it is still owned by Bank of America, the former Merrill Lynch wealth advisory division now goes by the name Merrill Lynch and conducts its own operations.

Similar to other investment banks, Bank of America’s financial advising services are crucial for businesses seeking to raise capital on public markets. Investment bankers assist in deciding the first share price when a company goes public while balancing liquidity and demand. Another significant method of raising finance is by helping businesses sell bonds.

3. Wells Fargo-$153.35 billion

Top 10 Investment Banks in The World

Founded: 1852

Numbers of employees: 268,531

Market Cap: $153.35 billion

A US investment bank called Wells Fargo has locations throughout more than 40 different nations. Although it also manages a consumer bank, its primary areas of expertise are wholesale banking, wealth management, and investment management. The $503 billion in assets are under management by Wells Fargo Investment Bank.

Wells Fargo reported $82.407 billion in yearly sales in 2021, up 0.22% from the previous year. Wells Fargo reported $82.227 billion in yearly sales in 2020, a 22.2% decrease from 2019. Fargo’s market cap was $151.75 billion as of September 2022. According to our data, this places Wells Fargo as the 58th most valuable firm in the world by market cap.

4. Morgan Stanley-$138.44 billion

Founded: 5 September 1935

Numbers of employees: 75,000

Market Cap: $138.44 billion

Another significant American investment bank, Morgan Stanley, with roots dating back to 1935. With $6.5 trillion in assets under management, it belongs to the category of banks that are “too large to fail.

In 1997, Morgan Stanley Dean Witter Discover & Co. was formed through a merger, giving rise to the modern Morgan Stanley enterprise. In 2001, the name was changed back to Morgan Stanley.

Institutional securities, wealth management, and investment management are the three primary business segments of the international investment bank. Investors who are individuals are served by the wealth management section. The acquisition of Smith Barney, which had earlier bought renowned investment bank Salomon Brothers, was largely responsible for this division.

Morgan Stanley provides a range of services for large organizations, including mergers and acquisitions, consulting, initial public offerings, restructurings, and lending, just like other top investment banks.

The company suffered during the financial crisis of 2008, and it was one of the biggest users of TARP (Troubled Asset Relief Program) cash from the government during that turbulent time for financial corporations. It recovered after 2008 and now maintains its longstanding reputation as a pioneer in business buyouts.

5. RBC Capital Markets-$129,48 billion

Top 10 Investment Banks in The World

Founded: 1864

Numbers of employees: 7,800

Market Cap: $129,48 billion

The investing division of RBC is RBC Capital Markets, with headquarters in Toronto, Canada. This significant bank is among the biggest in North America and the entire world, with locations in the United States and other nations. The Royal Bank of Canada, or RBC, was founded in 1869 and currently has CAD $1.7 trillion in assets.

RBC offers customer services in 36 nations. Focusing on American municipal financing is an intriguing feature for a non-American company (muni bonds). The bank also engages in conventional investment banking activities like M&A and issues related to the equity and debt markets.

RBC enjoys a good location with easy access to the United States and a focus on the world. When everything is considered, RBC becomes a competitive global bank. RBC joined the “too large to fail” list of internationally significant banks in 2017.

6. Toronto Dominion Bank-$112.63 billion

Founded: 1 February 1955

Numbers of employees: 89,464

Market Cap: $112.63 billion

With more than 1,000 domestic branches, Toronto Dominion Bank is an American division of the Canadian-based TD Bank Group that mostly serves the east coast. The TD Bank Group division provides services for individuals, corporations, small businesses, and investors and has aggregated assets of over $400 billion.

7. HSBC Holdings-$102.80 billion

leading investment banks in the world

Founded: 3 March 1865

Numbers of employees: 219,697

Market Cap: $102.80 billion

Founded in the UK in 1865, HSBC Holdings now serves more than 39 million customers in 65 nations. In addition to being among the top investment banks in the world, it also has the largest market valuation in the UK ($102.80 billion). It oversees assets worth about $2.6 trillion.

M&A, investment banking, and private banking are all offered as services. Unfortunately, the company’s bottom line has been impacted by trade disputes and Brexit. HSBC reported lower-than-expected sales of $53.8 billion and a profit of slightly over $15 billion at the end of 2018.

8. Goldman Sachs & Co-$101.13 billion

Founded: 1869

Numbers of employees:43,900

Market Cap: $101.13 billion

Possibly the most prestigious investment bank in the world is Goldman Sachs. It is a more than 152-year-old public firm with assets under management of close to $2.5 trillion at the end of 2021.

12 Numerous senior government figures have worked at Goldman. They include the secretaries of the U.S. Treasury, advisers to the White House, and top officials from international central banks and governments. As a result, it becomes a significant power hub on Wall Street.

The bank has been involved in a number of scandals, including one involving its role in the financial crisis of 2008, yet it also takes part in numerous social projects.

Private equity, investment management, institutional investor services, financial advising, underwriting, own investing and lending portfolios, and investment management are some of the company’s key divisions and services. The company also runs Marcus, a consumer bank available online, in addition to investment banking.

9. Citigroup-$83.80 billion

Founded: 8 October 1998

Numbers of employees: 223,400

Market Cap: $83.80 billion

Citicorp and Citibank are two of the subsidiaries that Citigroup serves as the holding company. With $1.7 trillion in assets but less than a thousand domestic operations, Citigroup is a global investment bank. Despite having more retail banking locations than U.S. Bancorp and PNC Financial Services, Citi nevertheless has a much larger asset base.

10. U.S. Bancorp-$61.63 billion

Investment Banks in The World

Founded: 13 July 1863

Numbers of employees: 70,000

Market Cap: $61.63 billion

With close to $600 billion in assets and more than 2,000 locations around the country, U.S. Bancorp is the parent company of U.S. Bank. The second-oldest charter in the country belongs to U.S. Bancorp, which was established in the late 1800s.

SUMMARY

Here is the summary list of the Top 10 Investment Banks in The World and Their Assets

1. JPMorgan Chase-$313.97 billion
2. Bank of America-$250.46 billion
3. Wells Fargo-$153.35 billion
4. Morgan Stanley-$138.44 billion
5. RBC Capital Markets-$129,48 billion
6. Toronto Dominion Bank-$112.63 billion
7. HSBC Holdings-$102.80 billion
8. Goldman Sachs & Co-$101.13 billion
9. Citigroup-$83.80 billion
10. U.S. Bancorp-$61.63 billion