Finance Stocks List

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This page shows information about the 50 largest finance stocks including Berkshire Hathaway, JPMorgan Chase & Co., Bank of America, and Wells Fargo & Company. Learn more about finance stocks.

#1 - Berkshire Hathaway

NYSE:BRK.A
Stock Price: $598,013.15 (-$1,286.85)
Market Cap: $861.14 billion
P/E Ratio: 11.3
Consensus Rating: Hold (0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $550,795.50 (-7.9% Upside)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. It provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. The company also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydro, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets. In addition, the company manufactures boxed chocolates and other confectionery products; specialty chemicals, metal cutting tools, and components for aerospace and power generation applications; and flooring, insulation, roofing and engineered, building and engineered components, paints and coatings, and bricks and masonry products, as well as offers manufactured and site-built home construction, and related lending and financial services; and recreational vehicles, apparel products, jewelry, and custom picture framing products, and alkaline batteries. Further, it manufactures castings, forgings, fasteners/fastener systems, and aerostructures; and seamless pipes, fittings, downhole casing and tubing, and various mill forms. Additionally, the company distributes televisions and information; franchises and services quick service restaurants; distributes electronic components; and offers logistics services, grocery and foodservice distribution services, and professional aviation training and shared aircraft ownership programs. It also retails automobiles; furniture, bedding, and accessories; household appliances, electronics, and computers; jewelry, watches, crystal, china, stemware, flatware, gifts, and collectibles; kitchenware; and motorcycle apparel and equipment. The company was incorporated in 1998 and is headquartered in Omaha, Nebraska.

#2 - JPMorgan Chase & Co.

NYSE:JPM
Stock Price: $174.80 (-$0.63)
Market Cap: $502.84 billion
P/E Ratio: 10.8
Dividend Yield: 2.40%
Consensus Rating: Moderate Buy (12 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $179.11 (2.5% Upside)

JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; payments and cross-border financing; and cash and derivative instruments, risk management solutions, prime brokerage, and research. This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small and midsized companies, local governments, nonprofit clients, and large corporations; and commercial real estate banking services to investors, developers, and owners of multifamily, office, retail, industrial, and affordable housing properties. The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; and retirement products and services, brokerage, custody, estate planning, lending, deposits, and investment management products. The company also provides ATM, online and mobile, and telephone banking services. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.

#3 - Bank of America

NYSE:BAC
Stock Price: $33.12 (-$0.06)
Market Cap: $262.10 billion
P/E Ratio: 10.8
Dividend Yield: 2.91%
Consensus Rating: Moderate Buy (10 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $35.53 (7.3% Upside)

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. The company was founded in 1784 and is based in Charlotte, North Carolina.

#4 - Wells Fargo & Company

NYSE:WFC
Stock Price: $48.35 (-$0.13)
Market Cap: $175.59 billion
P/E Ratio: 10.0
Dividend Yield: 2.90%
Consensus Rating: Moderate Buy (7 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $51.43 (6.4% Upside)

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Its serves to independent offices and consumer banks. The company was founded in 1852 and is headquartered in San Francisco, California.

#5 - American Express

NYSE:AXP
Stock Price: $211.21 (+$2.13)
Market Cap: $152.75 billion
P/E Ratio: 18.8
Dividend Yield: 1.17%
Consensus Rating: Hold (8 Buy Ratings, 8 Hold Ratings, 4 Sell Ratings)
Consensus Price Target: $189.00 (-10.5% Upside)

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products and services also comprise merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.

#6 - HSBC

NYSE:HSBC
Stock Price: $39.25 (-$0.70)
Market Cap: $150.30 billion
P/E Ratio: 5.7
Dividend Yield: 4.95%
Consensus Rating: Hold (4 Buy Ratings, 2 Hold Ratings, 2 Sell Ratings)
Consensus Price Target: $560.00 (1,326.8% Upside)

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions. This segment serves personal banking and high net worth individuals. The Commercial Banking segment provides credit and lending, treasury management, payment, cash management, commercial insurance, and investment services; commercial cards; international trade and receivables finance services; foreign exchange products; capital raising services on debt and equity markets; and advisory services. It serves small and medium sized enterprises, mid-market enterprises, and corporates. The Global Banking and Markets segment offers financing, advisory, and transaction services; and credit, rates, foreign exchange, equities, money markets, and securities services; and engages in principal investment activities. It serves government, corporate and institutional clients, and private investors. HSBC Holdings plc was founded in 1865 and is headquartered in London, the United Kingdom.

#7 - Morgan Stanley

NYSE:MS
Stock Price: $85.65 (-$0.35)
Market Cap: $140.58 billion
P/E Ratio: 16.6
Dividend Yield: 3.95%
Consensus Rating: Hold (7 Buy Ratings, 12 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $94.56 (10.4% Upside)

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance. This segment also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; foreign exchange and commodities; corporate and commercial real estate loans, commercial mortgage and secured lending facilities, and financing for sales and trading customers, and asset-backed and mortgage lending; and wealth management services, investment, and research services. The Wealth Management segment offers financial advisor-led brokerage, custody, administrative, and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services to individual investors and small to medium-sized businesses and institutions. The Investment Management segment provides equity, fixed income, alternatives and solutions, and liquidity and overlay services to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors, corporations, and individuals through institutional and intermediary channels. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.

#8 - Royal Bank of Canada

NYSE:RY
Stock Price: $96.76 (-$0.27)
Market Cap: $136.32 billion
P/E Ratio: 12.4
Dividend Yield: 4.10%
Consensus Rating: Hold (2 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $131.50 (35.9% Upside)

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital platforms; and independent brokers and partners. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

#9 - The Goldman Sachs Group

NYSE:GS
Stock Price: $385.04 (-$1.62)
Market Cap: $125.57 billion
P/E Ratio: 16.9
Dividend Yield: 2.86%
Consensus Rating: Moderate Buy (12 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $409.93 (6.5% Upside)

The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in resale agreements. This segment also offers client execution activities for cash and derivative instruments; credit and interest rate products; and provision of mortgages, currencies, commodities, and equities related products, as well as underwriting services. The Asset & Wealth Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities; and provides customized investment advisory solutions, wealth advisory services, personalized financial planning, and private banking services, as well as invests in corporate equity, credit, real estate, and infrastructure assets. The Platform Solutions segment offers credit cards and point-of-sale financing for purchase of goods or services. This segment also provides cash management services, such as deposit-taking and payment solutions for corporate and institutional clients. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.

#10 - Prologis

NYSE:PLD
Stock Price: $131.66 (+$2.57)
Market Cap: $121.65 billion
P/E Ratio: 40.0
Dividend Yield: 2.67%
Consensus Rating: Moderate Buy (10 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $141.50 (7.5% Upside)

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At September 30, 2023, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (114 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers principally across two major categories: business-to-business and retail/online fulfillment.

#11 - BlackRock

NYSE:BLK
Stock Price: $793.20 (-$1.50)
Market Cap: $118.00 billion
P/E Ratio: 21.7
Dividend Yield: 2.54%
Consensus Rating: Moderate Buy (10 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $785.73 (-0.9% Upside)

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York City with additional offices in Boston, Massachusetts; London, United Kingdom; Gurgaon, India; Hong Kong; Greenwich, Connecticut; Princeton, New Jersey; Edinburgh, United Kingdom; Sydney, Australia; Taipei, Taiwan; Singapore; Sao Paulo, Brazil; Philadelphia, Pennsylvania; Washington, District of Columbia; Toronto, Canada; Wilmington, Delaware; and San Francisco, California.

#12 - Mitsubishi UFJ Financial Group

NYSE:MUFG
Stock Price: $9.25 (-$0.21)
Market Cap: $114.06 billion
P/E Ratio: 7.5
Dividend Yield: 2.40%
Consensus Rating: Buy (1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

Mitsubishi UFJ Financial Group, Inc. operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments. The company offers commercial banking, trust banking, and securities products and services to retail, and small and medium-sized enterprise customers. It also provides M&As and real estate-related services; digital-based financial services; credit cards; and trust banking and securities products and services, as well as engages in the lending, fund settlement, and foreign exchange businesses. In addition, it offers corporate, investment, and transaction banking services for large corporate and financial institutions; asset management and administration services for corporations and pension funds; loans, deposits, fund transfers, and investments services for retail, small and medium-sized enterprise, as well as corporate customers; fixed income instruments, currencies, equities, and other investment products; originates and distributes of financial products; and provides treasury services. The company was founded in 1880 and is headquartered in Tokyo, Japan.

#13 - Charles Schwab

NYSE:SCHW
Stock Price: $62.46 (+$0.28)
Market Cap: $110.66 billion
P/E Ratio: 24.6
Dividend Yield: 1.62%
Consensus Rating: Hold (7 Buy Ratings, 6 Hold Ratings, 2 Sell Ratings)
Consensus Price Target: $69.69 (11.6% Upside)

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It also provides digital retirement calculators; integrated web-, mobile-, and software-based trading platforms, real-time market data, options trading, premium research, and multi-channel access; self-service education and support tools; online research and analysis tools; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retirement plan services. The Company operates domestic branch offices in 48 states and the District of Columbia, as well as locations in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. The Charles Schwab Corporation was founded in 1971 and is headquartered in Westlake, Texas.

#14 - Progressive

NYSE:PGR
Stock Price: $182.96 (+$0.79)
Market Cap: $107.04 billion
P/E Ratio: 27.8
Dividend Yield: 0.47%
Consensus Rating: Hold (9 Buy Ratings, 10 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $169.22 (-7.5% Upside)

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, garbage/debris removal, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers manufactured homes, personal umbrella insurance, and primary and excess flood insurance. The company offers policy issuance and claims adjusting services; and acts as an agent to homeowners, general liability, workers' compensation insurance, and other products. It also provides reinsurance services. The company sells its products through independent insurance agencies, as well as through mobile applications and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.

#15 - Toronto-Dominion Bank

NYSE:TD
Stock Price: $59.08 (-$0.17)
Market Cap: $104.85 billion
P/E Ratio: 14.2
Dividend Yield: 4.73%
Consensus Rating: Hold (2 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $89.75 (51.9% Upside)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases. It also provides credit cards and payments; real estate secured lending, auto finance, and consumer lending services; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients through direct investing, advice-based, and asset management businesses; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking products and services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to corporations, governments, and institutions. It offers its products and services under the TD Bank and America's Most Convenient Bank brand names. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.

#16 - Citigroup

NYSE:C
Stock Price: $54.31 (-$0.23)
Market Cap: $103.94 billion
P/E Ratio: 13.6
Dividend Yield: 3.90%
Consensus Rating: Moderate Buy (9 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $56.62 (4.3% Upside)

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises. The ICG segment offers wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative, equity and fixed income research, corporate lending, investment banking and advisory, private banking, cash management, trade finance, and securities services to corporate, institutional, and public sector clients. The PBWM segment offers traditional banking services to retail and small business customers through retail banking, cash, rewards, value portfolios, and co-branded cards. It also provides various banking, credit cards, custody, trust, mortgages, home equity, small business, and personal consumer loans. The Legacy Franchises segment provides traditional retail banking and branded card products to retail and small business customers. The company was founded in 1812 and is headquartered in New York, New York.

#17 - HDFC Bank

NYSE:HDB
Stock Price: $53.61 (-$2.02)
Market Cap: $99.71 billion
P/E Ratio: 16.5
Dividend Yield: 1.04%
Consensus Rating: Strong Buy (2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits. The company also provides personal, home, car, two-wheeler, business, doctor, educational, gold, consumer, and rural loans; loans against properties, securities, fixed deposits, rental receivables, and assets; loans for professionals; government sponsored programs; and loans on credit card, as well as working capital and commercial/construction equipment finance, healthcare/medical equipment and commercial vehicle finance, dealer finance, and term loans. In addition, it offers credit, debit, prepaid, and forex cards; payment and collection, export, import, remittance, bank guarantee, letter of credit, trade, hedging, and merchant and cash management services; insurance and investment products. Further, the company provides short term finance, bill discounting, structured finance, export credit, loan repayment, and documents collection services; online and wholesale, mobile, and phone banking services; unified payment interface, immediate payment, national electronic funds transfer, and real time gross settlement services; and channel financing, vendor financing, reimbursement account, money market, derivatives, employee trusts, cash surplus corporates, tax payment, and bankers to rights/public issue services, as well as financial solutions for supply chain partners and agricultural customers. It operates branches and automated teller machines in various cities/towns. The company was incorporated in 1994 and is headquartered in Mumbai, India.

#18 - Chubb

NYSE:CB
Stock Price: $244.34 (-$2.55)
Market Cap: $99.69 billion
P/E Ratio: 11.2
Dividend Yield: 1.39%
Consensus Rating: Moderate Buy (10 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $252.84 (3.5% Upside)

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses. Its North America Personal P&C Insurance segment provides affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance, and recreational marine insurance and services. The company's North America Agricultural Insurance segment offers multiple peril crop and crop-hail insurance; and coverage for farm and ranch property, and commercial agriculture products. Its Overseas General Insurance segment provides coverage for traditional commercial property and casualty; specialty categories, such as financial lines, marine, energy, aviation, political risk, and construction risk; and group accident and health, and traditional and specialty personal lines for corporations, middle markets, and small customers through retail brokers, agents, and other channels. The company's Global Reinsurance segment offers traditional and specialty reinsurance under the Chubb Tempest Re brand to property and casualty companies. Its Life Insurance segment provides protection and savings products comprising whole life, endowment plans, individual term life, group term life, medical and health, personal accident, credit life, universal life, and unit linked contracts. It markets its products primarily through insurance and reinsurance brokers. The company was formerly known as ACE Limited and changed its name to Chubb Limited in January 2016. Chubb Limited was incorporated in 1985 and is headquartered in Zurich, Switzerland.

#19 - Marsh & McLennan Companies

NYSE:MMC
Stock Price: $196.83 (+$1.09)
Market Cap: $97.05 billion
P/E Ratio: 26.1
Dividend Yield: 1.46%
Consensus Rating: Hold (4 Buy Ratings, 8 Hold Ratings, 2 Sell Ratings)
Consensus Price Target: $202.71 (3.0% Upside)

Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions; and insurance program management services. This segment serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth, and career consulting services and products; and specialized management, strategic, economic, and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.

#20 - Blackstone

NYSE:BX
Stock Price: $127.84 (+$1.75)
Market Cap: $90.84 billion
P/E Ratio: 69.9
Dividend Yield: 3.04%
Consensus Rating: Hold (7 Buy Ratings, 10 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $117.81 (-7.8% Upside)

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, infrastructure, enterprise tech and consumer, as well as consumer technologies. The firm considers investment in Asia and Latin America. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe, North America and Central America.

#21 - American Tower

NYSE:AMT
Stock Price: $193.67 (+$0.05)
Market Cap: $90.28 billion
P/E Ratio: 126.6
Dividend Yield: 3.55%
Consensus Rating: Moderate Buy (11 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $221.54 (14.4% Upside)

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of nearly 225,000 communications sites and a highly interconnected footprint of U.S. data center facilities.

#22 - KKR & Co. Inc.

NYSE:KKR
Stock Price: $96.55 (+$1.82)
Market Cap: $85.45 billion
P/E Ratio: 23.7
Dividend Yield: 0.71%
Consensus Rating: Moderate Buy (13 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $82.60 (-14.4% Upside)

KKR & Co. Inc. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments. The firm considers investments in all industries with a focus on software, security, semiconductors, consumer electronics, internet of things (iot), internet, information services, information technology infrastructure, financial technology, network and cyber security architecture, engineering and operations, content, technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy. In energy and infrastructure, it focuses on the upstream oil and gas and equipment, minerals and royalties and services verticals. In real estate, the firm seeks to invest in private and public real estate securities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings, and oil and natural gas properties. The firm also invests in asset services sector that encompasses a broad array of B2B, B2C and B2G services verticals including asset-based, transport, logistics, leisure/hospitality, resource and utility support, infra-like, mission-critical, and environmental services. Within Americas, the firm prefers to invest in consumer products; chemicals, metals and mining; energy and natural resources; financial services; healthcare; industrials; media and communications; retail; and technology. Within Europe, the firm invests in consumer and retail; energy; financial services; health care; industrials and chemicals; media and digital; and telecom and technologies. Within Asia, it invests in consumer products; energy and resources; financial services; healthcare; industrials; logistics; media and telecom; retail; real estate; and technology. It also seeks to make impact investments focused on identifying and investing behind businesses with positive social or environmental impact. The firm seeks to invest in mid to high-end residential developments, but can invest in other projects throughout Mainland China through outright ownership, joint ventures, and merger. It invests globally with a focus on Australia, emerging and developed Asia, Middle East and Africa, Nordic, Southeast Asia, Asia Pacific, Ireland, Hong Kong, Japan, Taiwan, India, Vietnam, Malaysia, Singapore, Indonesia, France, Germany, Netherlands, United Kingdom, Caribbean, Mexico, South America, North America, Brazil, Latin America, Korea with a focus on South Korea, and United States of America. In the United States and Europe, the firm focuses on buyouts of large, publicly traded companies. It seeks to invest $30 million to $717 million in companies with enterprise values between $500 million to $2389 million. The firm prefers to invest in a range of debt and public equity investing and may co-invest. It seeks a board seat in its portfolio companies and a controlling ownership of a company or a strategic minority positions. The firm may acquire majority and minority equity interests, particularly when making private equity investments in Asia or sponsoring investments as part of a large investor consortium. The firm typically holds its investment for a period of five to seven years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. KKR & Co. Inc. was founded in 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, Sweden and Asia.

#23 - ICICI Bank

NYSE:IBN
Stock Price: $23.59 (-$0.98)
Market Cap: $82.75 billion
P/E Ratio: 17.6
Dividend Yield: 0.70%
Consensus Rating: Buy (1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services. It also provides home, car, two-wheeler, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, including working capital finance, term loans, collateral free loans, loans without financials, finance for importers and exporters, and overdraft facilities, as well as loans for new entities and card swipes; and credit, debit, prepaid, travel, forex, and corporate cards. In addition, the company offers pockets wallet; fixed income products; investment products, such as mutual funds, gold monetization schemes, initial public offerings, and other online investment services; and agri and rural business, farmer finance, tractor loans, and micro banking services, as well as other services to agri corporates. Further, it provides portfolio management, trade, foreign exchange, locker, private and NRI banking, and cash management services; family wealth and demat accounts; commercial and investment banking, capital market, custodial, and institutional banking services; health, personal accident, fire, and motor insurance, as well as distributes general and life insurance products; and Internet, mobile, and phone banking services. Additionally, the company offers securities investment, broking, trading, and underwriting services; and merchant banking, trusteeship, housing finance, pension fund management, asset management, investment advisory, points of presence, and private equity/venture capital fund management services. ICICI Bank Limited was founded in 1955 and is headquartered in Mumbai, India.

#24 - Equinix

NASDAQ:EQIX
Stock Price: $855.33 (+$8.60)
Market Cap: $80.30 billion
P/E Ratio: 92.0
Dividend Yield: 2.03%
Consensus Rating: Moderate Buy (8 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $839.67 (-1.8% Upside)

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company. Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

#25 - Intercontinental Exchange

NYSE:ICE
Stock Price: $134.12 (+$6.04)
Market Cap: $74.97 billion
P/E Ratio: 31.1
Dividend Yield: 1.33%
Consensus Rating: Moderate Buy (7 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $137.33 (2.4% Upside)

Intercontinental Exchange, Inc., together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The company operates regulated marketplaces for listing, trading, and clearing an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange, and equities, as well as corporate and exchange-traded funds; and trading venues, including regulated exchanges and clearing houses. It also offers energy, agricultural and metals, and financial futures and options; and cash equities and equity options, and over-the-counter and other markets, as well as listings and data and connectivity services. In addition, the company provides fixed income data and analytic, fixed income execution, CDS clearing, and other multi-asset class data and network services. Further, it offers proprietary and comprehensive mortgage origination platform, which serves residential mortgage loans; closing solutions that provides customers connectivity to the mortgage supply chain and facilitates the secure exchange of information; data and analytics services; and Data as a Service for lenders to access data and origination information. Intercontinental Exchange, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.

#26 - CME Group

NASDAQ:CME
Stock Price: $204.00 (-$1.46)
Market Cap: $73.44 billion
P/E Ratio: 24.3
Dividend Yield: 2.17%
Consensus Rating: Hold (3 Buy Ratings, 4 Hold Ratings, 2 Sell Ratings)
Consensus Price Target: $213.89 (4.8% Upside)

CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services. The company also provides clearing house services, including clearing, settling, and guaranteeing futures and options contracts, and cleared swaps products traded through its exchanges; and trade processing and risk mitigation services. In addition, the company offers a range of market data services, including real-time and historical data services. It serves professional traders, financial institutions, institutional and individual investors, corporations, manufacturers, producers, governments, and central banks. The company was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in July 2007. CME Group Inc. was founded in 1898 and is headquartered in Chicago, Illinois.

#27 - Moody's

NYSE:MCO
Stock Price: $398.00 (-$6.85)
Market Cap: $72.83 billion
P/E Ratio: 48.4
Dividend Yield: 0.77%
Consensus Rating: Moderate Buy (7 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $369.36 (-7.2% Upside)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities. Its ratings are disseminated through press releases to the public through electronic media, including the internet and real-time information systems used by securities traders and investors. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets; and offers subscription based research, data, and analytical products comprising credit ratings, credit research, quantitative credit scores and other analytical tools, economic research and forecasts, business intelligence and company information products, commercial real estate data and analytical tools, and learning solutions. It also offers offshore research and analytic services to the global financial and corporate sectors; and risk management software solutions, as well as related risk management advisory engagements services. The company was formerly known as Dun and Bradstreet Company and changed its name to Moody's Corporation in September 2000. Moody's Corporation was founded in 1900 and is headquartered in New York, New York.

#28 - Sumitomo Mitsui Financial Group

NYSE:SMFG
Stock Price: $10.14 (-$0.27)
Market Cap: $67.81 billion
P/E Ratio: 11.5
Dividend Yield: 2.82%
Consensus Rating: Hold (0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments. The company was incorporated in 2002 and is headquartered in Tokyo, Japan.

#29 - Bank of Montreal

NYSE:BMO
Stock Price: $91.89 (+$0.14)
Market Cap: $66.65 billion
P/E Ratio: 22.0
Dividend Yield: 4.70%
Consensus Rating: Buy (3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $131.00 (42.6% Upside)

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products. It also offers investing, banking, and wealth management advisory; digital investing services; financial solutions for individuals, families, and businesses; provides investment management services to institutional, retail, and high net worth investors; and diversified insurance, and wealth and pension de-risking solutions. In addition, the company provides individual life, critical illness and annuity products, as well as segregated funds, and group creditor and travel insurance to customers; debt and equity capital-raising, loan origination and syndication, balance sheet management, treasury management, mergers and acquisitions advice, restructurings and recapitalizations, trade finance, and risk mitigation services, as well as a range of banking and other operating services. Further, the company offers research and access to financial markets for institutional, corporate and retail clients through an integrated suite of sales and trading solutions related to debt, foreign exchange, interest rates, credit, equities, securitization, and commodities; provides new product development and origination services, as well as risk management and advisory services for hedging strategies, including in interest rates, foreign exchange rates and commodities prices; and funding and liquidity management services. The company was founded in 1817 and is headquartered in Montreal, Canada.

#30 - Brookfield

NYSE:BN
Stock Price: $40.53 (+$0.78)
Market Cap: $66.46 billion
Dividend Yield: 0.71%
Consensus Rating: Moderate Buy (8 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $46.20 (14.0% Upside)

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients. It typically makes investments in sizeable, premier assets across geographies and asset classes. It invests both its own capital as well as capital from other investors. Within private equity and venture capital, it focuses on acquisition, early ventures, control buyouts and financially distressed, buyouts and corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies. It invests in both public debt and equity markets. It invests in private equity sectors with focus on Business Services include infrastructure, healthcare, road fuel distribution and marketing, construction and real estate; Industrials include manufacturers of automotive batteries, graphite electrodes, returnable plastic packaging, and sanitation management and development; and Residential/ infrastructure services. It targets companies which likely possess underlying real assets, primarily in sectors such as industrial products, building materials, metals, mining, homebuilding, oil and gas, paper and packaging, manufacturing and forest product sectors. It invests globally with focus on North America including Brazil, the United States, Canada; Europe; and Australia; and Asia-Pacific. The firm considers equity investments in the range of $2 million to $500 million. It has a four-year investment period and a 10-year term with two one-year extensions. The firm prefers to take minority stake and majority stake. Brookfield Corporation was founded in 1997 and based in Toronto, Canada with additional offices across Northern America; South America; Europe; Middle East and Asia.

#31 - Banco Santander

NYSE:SAN
Stock Price: $3.93 (-$0.04)
Market Cap: $63.60 billion
P/E Ratio: 5.6
Dividend Yield: 2.97%
Consensus Rating: Hold (1 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

Banco Santander, S.A. provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products. The company also provides cash, asset, and wealth management; and private banking services. In addition, it is involved in the corporate banking, treasury, risk hedging, foreign trade, and investment banking activities, as well as provides digital payment solutions. The company was formerly known as Banco Santander Central Hispano S.A. and changed its name to Banco Santander, S.A. in June 2007. Banco Santander, S.A. was founded in 1856 and is headquartered in Madrid, Spain.

#32 - U.S. Bancorp

NYSE:USB
Stock Price: $40.38 (+$0.47)
Market Cap: $62.87 billion
P/E Ratio: 12.3
Dividend Yield: 4.89%
Consensus Rating: Hold (8 Buy Ratings, 12 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $45.35 (12.3% Upside)

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products. In addition, it provides ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers. Further, the company offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. Additionally, it provides investment and insurance products to its customers principally within its markets, as well as fund administration services to mutual and other funds. Furthermore, the company provides corporate and purchasing card, and corporate trust services. The company offers merchant processing, investment management, ATM processing, mortgage banking, insurance, and brokerage and leasing services. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota.

#33 - AON

NYSE:AON
Stock Price: $307.18 (+$5.30)
Market Cap: $61.50 billion
P/E Ratio: 24.6
Dividend Yield: 0.82%
Consensus Rating: Hold (2 Buy Ratings, 8 Hold Ratings, 2 Sell Ratings)
Consensus Price Target: $334.93 (9.0% Upside)

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges. The company also provides treaty and facultative reinsurance, as well as insurance-linked securities, capital raising, strategic advice, restructuring, and mergers and acquisitions services; and corporate finance advisory services. In addition, it offers strategic design consulting services on their retirement programs, actuarial services, and risk management services; advice services on developing and maintaining investment programs across a range of plan types, including defined benefit plans, defined contribution plans, endowments, and foundations for public and private companies, and other institutions; and advice and solutions that help clients in risk, health, and wealth through commercial risk, reinsurance, health, and wealth solutions. Aon plc was founded in 1919 and is headquartered in Dublin, Ireland.

#34 - Apollo Global Management

NYSE:APO
Stock Price: $107.46 (+$1.56)
Market Cap: $60.99 billion
P/E Ratio: 22.7
Dividend Yield: 1.65%
Consensus Rating: Moderate Buy (8 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $99.08 (-7.8% Upside)

Apollo Global Management, Inc. is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions. The firm provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients. It also manages real estate funds and private equity funds for its clients. The firm invests in the fixed income and alternative investment markets across the globe. Its fixed income investments include income-oriented senior loans, bonds, collateralized loan obligations, structured credit, opportunistic credit, non-performing loans, distressed debt, mezzanine debt, and value oriented fixed income securities. The firm seeks to invest in chemicals, commodities, consumer and retail, oil and gas, metals, mining, agriculture, commodities, distribution and transportation, financial and business services, manufacturing and industrial, media distribution, cable, entertainment and leisure, telecom, technology, natural resources, energy, packaging and materials, and satellite and wireless industries. It also focuses on clean energy, sustainable industry, climate solutions, energy transition, industrial decarbonization, sustainable mobility, sustainable resource use, and sustainable real estate. It seeks to invest in companies based in across Africa, North America with a focus on United States, and Europe. The firm also makes investments outside North America, primarily in Western Europe and Asia. It employs a combination of contrarian, value, and distressed strategies to make its investments. The firm seeks to make investments in the range of $10 million and $1500 million. The firm seeks to invest in companies with Enterprise value between $750 million to $2500 million. The firm conducts an in-house research to create its investment portfolio. It seeks to acquire minority and majority positions in its portfolio companies. Apollo Global Management, Inc. was founded in 1990 and is headquartered in New York, New York with additional offices in North America, Asia, India and Europe.

#35 - The PNC Financial Services Group

NYSE:PNC
Stock Price: $147.93 (-$0.24)
Market Cap: $58.93 billion
P/E Ratio: 11.6
Dividend Yield: 4.15%
Consensus Rating: Hold (6 Buy Ratings, 5 Hold Ratings, 3 Sell Ratings)
Consensus Price Target: $146.59 (-0.9% Upside)

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; securities underwriting, loan syndications, customer-related trading, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company's Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services for ultra high net worth individuals and their families. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and fiduciary retirement advisory services for institutional clients. The company was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.

#36 - Banco Bilbao Vizcaya Argentaria

NYSE:BBVA
Stock Price: $9.81 (+$0.11)
Market Cap: $58.49 billion
P/E Ratio: 7.1
Dividend Yield: 2.83%
Consensus Rating: Moderate Buy (3 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan products; deals in securities; leasing, factoring, brokerage, and asset management services; and manages pension and investment funds. In addition, it offers credit cards; corporate and investment banking services; insurance products and services; and real estate services. The company provides its products through online and mobile channels. It operates in Spain, Mexico, South America, the United States, Turkey, Asia, and rest of Europe. Banco Bilbao Vizcaya Argentaria, S.A. was founded in 1857 and is headquartered in Bilbao, Spain.

#37 - Bank of Nova Scotia

NYSE:BNS
Stock Price: $45.85 (-$0.61)
Market Cap: $55.67 billion
P/E Ratio: 10.7
Dividend Yield: 6.69%
Consensus Rating: Reduce (0 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $69.00 (50.5% Upside)

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.

#38 - Westpac Banking

NYSE:WBK
Stock Price: $14.20
Market Cap: $52.09 billion
P/E Ratio: 10.8
Dividend Yield: 5.86%
Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

Westpac Banking Corp. engages in the provision of banking and financial services. It operates through the following segments: Consumer Bank, Business Bank, BT Financial Group (Australia), Westpac Institutional Bank, Westpac New Zealand and Group Businesses. The Consumer Bank segment covers consumer banking products and services under the Westpac, St. George, BankSA, Bank of Melbourne and RAMS brands. The Business Bank segment involves in sales and customer service of small-to-medium enterprise, commercial and agribusiness customers under the Westpac, St.George, Bank of Melbourne and BankSA brands. The BT Financial Group (Australia) segment manages wealth and insurance division. The Westpac Institutional Bank segment delivers a range of financial services to commercial, corporate, institutional, and government customers. The Westpac New Zealand segment comprises sales and service of banking, wealth and insurance products for consumer, business and institutional customers. The Group Businesses segment is responsible for the management of the Group's balance sheet, group technology which includes functions for the Australian businesses and core support which covers functions perform

#39 - Capital One Financial

NYSE:COF
Stock Price: $135.42 (+$1.45)
Market Cap: $51.57 billion
P/E Ratio: 11.3
Dividend Yield: 1.79%
Consensus Rating: Hold (4 Buy Ratings, 10 Hold Ratings, 3 Sell Ratings)
Consensus Price Target: $122.68 (-9.4% Upside)

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking. The company accepts checking accounts, money market deposits, negotiable order of withdrawals, savings deposits, and time deposits. Its loan products include credit card loans; auto and retail banking loans; and commercial and multifamily real estate, and commercial and industrial loans. The company also offers credit and debit card products; online direct banking services; and treasury management and depository services. It serves consumers, small businesses, and commercial clients through digital channels, branches, cafés, and other distribution channels located in New York, Louisiana, Texas, Maryland, Virginia, New Jersey, and California. Capital One Financial Corporation was founded in 1988 and is headquartered in McLean, Virginia.

#40 - Arthur J. Gallagher & Co.

NYSE:AJG
Stock Price: $237.03 (+$0.83)
Market Cap: $51.17 billion
P/E Ratio: 53.4
Dividend Yield: 0.94%
Consensus Rating: Hold (6 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $255.62 (7.8% Upside)

Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to businesses and organizations worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises. This segment also performs activities, including marketing, underwriting, issuing policies, collecting premiums, appointing and supervising other agents, paying claims, and negotiating reinsurance; and offers services in the areas of insurance and reinsurance placement, risk of loss management, and management of employer sponsored benefit programs. The Risk Management segment provides contract claim settlement and administration services; and claims management, loss control consulting, and insurance property appraisal services. The company offers its services through a network of correspondent brokers and consultants. It serves commercial, industrial, public, religious, and not-for-profit entities, as well as underwriting enterprises. The company was founded in 1927 and is headquartered in Rolling Meadows, Illinois.

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#41 - Public Storage

NYSE:PSA
Stock Price: $284.90 (+$3.69)
Market Cap: $50.10 billion
P/E Ratio: 26.1
Dividend Yield: 4.31%
Consensus Rating: Hold (4 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $296.25 (4.0% Upside)

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At September 30, 2023, we had: (i) interests in 3,028 self-storage facilities located in 40 states with approximately 217 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 267 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California.

#42 - MetLife

NYSE:MET
Stock Price: $66.73 (-$0.27)
Market Cap: $49.39 billion
P/E Ratio: 36.5
Dividend Yield: 3.15%
Consensus Rating: Moderate Buy (12 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $77.23 (15.7% Upside)

MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements. It also provides pension risk transfers, institutional income annuities, structured settlements, and capital markets investment products; and other products and services, such as life insurance products and funding agreements for funding postretirement benefits, as well as company, bank, or trust-owned life insurance used to finance nonqualified benefit programs for executives. In addition, it provides fixed, indexed-linked, and variable annuities; pension products; regular savings products; whole and term life, endowments, universal and variable life, and group life products; longevity reinsurance solutions; credit insurance products; and protection against long-term health care services. MetLife, Inc. was founded in 1863 and is headquartered in New York, New York.

#43 - Travelers Companies

NYSE:TRV
Stock Price: $213.86 (-$0.36)
Market Cap: $48.85 billion
P/E Ratio: 16.7
Dividend Yield: 1.88%
Consensus Rating: Hold (5 Buy Ratings, 12 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $201.38 (-5.8% Upside)

The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business Insurance segment offers workers' compensation, commercial automobile and property, general liability, commercial multi-peril, employers' liability, public and product liability, professional indemnity, marine, aviation, onshore and offshore energy, construction, terrorism, personal accident, and kidnap and ransom insurance products. This segment operates through select accounts, which serve small businesses; commercial accounts that serve mid-sized businesses; national accounts, which serve large companies; and national property and other that serve large and mid-sized customers, commercial trucking industry, and agricultural businesses, as well as markets and distributes its products through brokers, wholesale agents, and program managers. The Bond & Specialty Insurance segment provides surety, fidelity, management and professional liability, and other property and casualty coverages and related risk management services through independent agencies and brokers. The Personal Insurance segment offers property and casualty insurance covering personal risks, primarily automobile and homeowners' insurance to individuals through independent agencies and brokers. The Travelers Companies, Inc. was founded in 1853 and is based in New York, New York.

#44 - Welltower

NYSE:WELL
Stock Price: $86.98 (+$0.22)
Market Cap: $48.14 billion
P/E Ratio: 181.2
Dividend Yield: 2.82%
Consensus Rating: Moderate Buy (10 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $92.79 (6.7% Upside)

Welltower Inc. (NYSE:WELL), a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties.

#45 - ING Groep

NYSE:ING
Stock Price: $12.90 (-$0.01)
Market Cap: $48.05 billion
P/E Ratio: 5.8
Dividend Yield: 4.97%
Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The company accepts various deposits, such as current and savings accounts. It also offers business lending products; consumer lending products, such as residential mortgage loans, term loans, and other consumer lending loans; and secured and unsecured lending services. in addition, the company provides debt capital market, working capital solutions, export finance, daily banking, treasury and risk, and corporate finance solutions; and specialized lending, debt and equity market solutions, payments and cash management, and trade and treasury services, as well as savings, investment, insurance, mortgage, and digital banking services; and SME loans. It serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.

#46 - American International Group

NYSE:AIG
Stock Price: $68.41 (-$1.40)
Market Cap: $48.03 billion
P/E Ratio: 13.1
Dividend Yield: 2.09%
Consensus Rating: Moderate Buy (8 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $71.71 (4.8% Upside)

American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through General Insurance, and Life and Retirement segments. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance. This segment also offers marine, energy-related property insurance, aviation, political risk, trade credit, trade finance, and portfolio solutions, as well as operates reinsurance business; voluntary and sponsor-paid personal accident, and supplemental health products; and personal auto and personal property insurance. The Life and Retirement segment offers individual retirement products, including variable, fixed index, and fixed annuities, as well as retail mutual funds; group retirement products comprising record-keeping, plan administrative and compliance services, financial planning, and advisory solutions; life insurance, including term and universal life insurance; and institutional markets products, which includes wrap products, structured settlement, pension risk transfer annuities, corporate and bank-owned life insurance, high net worth, and guaranteed investment contract products. The company distributes its products through a network of brokers, agents, advisors, banks, and other distributors. American International Group, Inc. was founded in 1919 and is headquartered in New York, New York.

#47 - Truist Financial

NYSE:TFC
Stock Price: $35.51 (+$0.02)
Market Cap: $47.36 billion
Dividend Yield: 5.74%
Consensus Rating: Moderate Buy (10 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $39.87 (12.3% Upside)

Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; credit card lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium finance, derivatives, commercial lending, international banking, leasing, merchant, commercial deposit and treasury, small business and student lending, floor plan, commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting and market making, loan syndication, and investment advisory services. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.

#48 - Simon Property Group

NYSE:SPG
Stock Price: $144.10 (+$0.66)
Market Cap: $47.01 billion
P/E Ratio: 20.6
Dividend Yield: 5.30%
Consensus Rating: Moderate Buy (4 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $137.75 (-4.4% Upside)

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

#49 - Crown Castle

NYSE:CCI
Stock Price: $107.47 (+$0.60)
Market Cap: $46.61 billion
P/E Ratio: 31.1
Dividend Yield: 5.81%
Consensus Rating: Hold (6 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $120.73 (12.3% Upside)

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 85,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them.

#50 - Mizuho Financial Group

NYSE:MFG
Stock Price: $3.60 (-$0.11)
Market Cap: $45.69 billion
P/E Ratio: 10.0
Dividend Yield: 2.70%
Consensus Rating: Buy (1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

Mizuho Financial Group, Inc., together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments. The company provides deposit products; syndicated, housing, and card loans; business matching services; and advisory services related to overseas expansions, and mergers and acquisitions-related services. It also offers consulting services, including asset management and asset succession; payroll services; and sells lottery tickets issued by prefectures and ordinance-designated cities. In addition, it offers fund management, underwriting of equity and bonds, risk hedging products, etc. for corporate customers; solutions based on capital management, business strategy, and financial strategy; real estate services; advisory services and solutions, such as advice on proposals on various investment products to financial institutions; and financial services that include funding support and public bonds underwriting. Further, the company offers corporate finance and transaction banking srvices; sales and trading services; investment products; pension funds; and ALM and investment services, including stable capital raising and balance sheet management, as well as management of fixed income, equity, and other securities portfolios. Additionally, the company provides online banking, cash management solutions, currency transaction, trade finance, custody, yen correspondence settlement, and research and consulting services; trust, securitization and structured finance, and stock transfers; and private banking and information technology-related services. Mizuho Financial Group, Inc. was founded in 2000 and is headquartered in Tokyo, Japan.

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Financial Services Stocks Investing

Written by Sarah Horvath

September 26, 2023

Key Points

The financial services sector is a major industry in the United States.
The sector brings in more than $5 trillion each year in revenue.
The industry is made up of banks, insurance companies, online lenders, credit card companies and other companies that make managing and accessing money safer and easier.

The financial services sector is one of the largest and most important in the United States, bringing in more than $5 trillion annually. Companies like banks, mortgage lenders and even new fintech endeavors make up the financial services industry, playing a significant role in the direction and health of the country’s economy. Many of these stocks generate dividend income, creating a long-lasting income stream for long-term investors.

Read on to learn more about the financials services sector and eight top options in this industry.

Financial Services Stocks: An Overview

If you're like most Americans, you don't carry a pile of cash around with you when you go grocery shopping, and you probably didn't buy your home with cash, either.

Details like these are thanks to the financial services industry, which represents a series of company types focused around protecting investment funds and providing easier and safer access to money. For example, suppose you receive your paycheck through a direct deposit system. In that case, your bank and the company that transfers funds from your employer to your account are examples of financial service companies.

The financial services sector is a cornerstone of the American economy — some of the largest companies are within this sector when measured by market capitalization. Conglomerates represent many major stock options in the financial services sector, which usually offer multiple offshoots of financial services. When the economy is doing well, financial service stocks tend to also do well, as increased consumer spending and confidence lead to increased demand for financial services like loans and credit. Conversely, when the economy is doing poorly, these stocks also tend to suffer.

Understanding the Financial Services Industry

The financial services sector represents a broad range of businesses and institutions offering financial products and services to individuals and commercial operations. Financial services stocks are issued by companies that offer services such as financial transfers, banking services and investment management services.

Some of the types of companies that make up the financial services industries include the following:

Banking: Banks are a central part of the financial services sector, offering services such as savings and checking accounts, loans, mortgages and other investment products. Commercial banks cater to individuals and businesses, while investment offerings in the bank sector focus on raising capital, facilitating mergers and acquisitions and providing advisory services.
Insurance: Insurance companies offer various insurance policies to individuals and businesses to manage risks. Some examples include life insurance, health insurance and homeowners insurance, which can all offer some form of financial protection against sudden losses or major expenses.
Investment services: Various companies provide investment services and management for retail and institutional investors. Some examples of businesses in this segment include brokers, mutual funds and hedge funds.

Some additional examples of companies in the financial services sector include credit unions, asset management companies, online lenders and forex firms. These companies work together to provide consumers with a full range of funding and money management services.

Why Invest in Financial Stocks?

So why should you consider investing with these top-rated companies? As the U.S. economy continues shifting away from traditional banking institutions and toward technology-driven solutions like cryptocurrencies, including Bitcoin, investing in financial services companies may not seem an obvious choice.

However, the reality is that these companies remain critical players in the market, even as new technologies and trends gain momentum.

Why?

First, buying the best financial stock can provide a reliable income stream. Many financial companies pay out dividends to their shareholders. Many financial stocks have demonstrated strong growth potential, making them appealing for long-term investment strategies.

Another reason to consider investing in financial stocks is the potential for increased profitability, meaning they could be the best stocks to buy when interest rates rise.

As interest rates rise, banks and other financial institutions will have more opportunities to earn profits.

Plus, the financial sector, besides being one of the sectors that benefit from rising interest rates, is essential to the overall health of the economy. No matter the ups and downs of the economy at large, financial companies provide necessary services such as banking, lending, financial planning and insurance, which people and businesses always need in good times and bad. As the economy grows and expands, the demand for these services increases and the potential returns for you if you choose to invest in them.

What is the Best Financial Stock to Invest in?

There is no one-size-fits-all answer to this question, as different stocks are more suitable for different investors. It all depends on your individual goals and risk tolerance. Factors such as a stock's dividend yield, price-to-earnings ratio and future growth prospects all factor in. Ultimately, it's up to you and/or your financial advisor to decide what is the best financial stock to buy.

Are Financial Stocks a Good Buy Right Now?

Financial stocks can be a good buy depending on your objectives and goals. These stocks perform well during economic growth, and many offer solid dividend yields and valuation metrics. And there may be opportunities to capitalize on rising interest rates and technological changes that could boost the top financial stock news. For these reasons, now may be a good time to consider investing in financial stocks if you have a risk appetite.

How to Choose the Best Financial Service Stocks

As you start to discover financial services stocks, you’ll notice that there are dozens of these types of companies trading on major exchanges. Some of the factors you may want to consider when comparing financial service stocks include the following:

Net interest margin: Net interest margin (NIM) is a key metric for banks and other lending institutions, representing the difference between the interest income generated from loans and the interest expenses paid on deposits. A higher NIM generally indicates better profitability in lending activities, which can be a helpful figure when comparing bank and credit union stocks.
P/E ratio: A company's P/E ratio compares its stock price to its earnings per share, helping you to assess whether a stock is overvalued or undervalued relative to its earnings potential. Comparing the P/E ratios of different financial companies can provide insight into their relative valuation.
Return on equity: Return on equity (ROE) is a figure that measures a company's ability to generate profit from shareholders' equity. It's particularly relevant for financial companies, as they often use borrowed money to amplify their returns. A higher ROE suggests efficient use of equity capital, which may indicate more sustainable financial companies.

Remember that these data points are best used in conjunction with other corporate data. For example, when narrowing down bank stock prices and deposit rates, pull recent data from multiple competitors within a single period of time and compare them against one another. This can help guide your investment choices toward more sustainable options.

14 Best Financial Services Stocks

Now that you understand the basics of the financial sector and how it functions, you can start exploring banking stocks today. You may want to consider adding the following top financial service stocks to your portfolio.

The Goldman Sachs Group

The Goldman Sachs Group (NYSE: GS) is a prominent financial services company operating in several sectors and a quintessential example of the investment offshoot of the sector. Founded in 1869, it established itself as a global banking and investment management authority. In August of 2023, the company had a total market capitalization of more than $105 billion, representing a highly diversified large-cap stock for investors.

JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is the fifth-largest bank in the world, and with a total market capitalization of more than $400 billion, it’s also a way to add mega-cap stability to your portfolio. JPMorgan operates in four primary sectors: consumer and community banking, commercial banking, asset and wealth management and corporate banking. With a highly diversified portfolio and a long history, JPMorgan Chase may be an appealing choice for long-term investors.

UnitedHealth Group

Investors looking to add exposure to the health insurance industry may want to consider UnitedHealth Group (NYSE: UNH), one of the most prominent insurers operating in the American Northeast. UnitedHealth has a long history dating back to the 1970s and has consistently paid dividends since the 1990s, making it a top blue-chip dividend stock with consistent payment increases.

UNH overview on MarketBeat

The Hartford Financial Services Group

An option for commercial insurance services, the Hartford Financial Services Group (NYSE: HIG) operates through four major segments: commercial insurance, personal insurance lines, wealth and asset management and group benefits. The Hartford has a strong financial foundation with a solid track record of financial stability and disciplined risk management, which can be an appealing point for long-term investors looking for companies likely to remain on the market for years to come. It also offers a dividend yield of more than 2.3%, making it a viable income-generating stock.

PNC Financial Services Group

A well-known retail bank, the PNC Financial Services Group (NYSE: PNC) operates a network of more than 2,300 branches throughout the Northeast. The company currently works in 19 states and the District of Columbia, offering financial services and products. The company’s products and services include retail banking, wealth management, corporate and institutional banking and residential mortgage banking. In August 2023, PNC Financial Services stock also showcased an exceptionally high dividend yield of 5.27%.

PNC overview on MarketBeat

SoFi Technologies

If you're a tech-forward investor looking for a way to invest in financial services focusing on fintech, SoFi Technologies (NASDAQ: SOFI) could be worth exploring. Unlike most other options, SoFi does not maintain a brick-and-mortar presence. Instead, it offers services like mortgage and personal loan underwriting online. The company’s innovative and convenient business model has been well-received by consumers, and in August 2023, SoFi had a total market capitalization of $7.88 billion.

Berkshire Hathaway Inc.

Berkshire Hathaway Inc. (NYSE: BRK.A) is notable in the financial services sector for its decentralized business model, which engages in diverse services, ranging from investment advising to freight rail transportation. It qualifies as a financial services stock primarily through its many insurance segments. It also maintains significant investments in the rail transportation industry, offering a diverse option for investors.

Citigroup

Reported by Morningstar to be one of the most “undervalued U.S. banks,” Citigroup Inc. (NYSE: C) operates a large U.S. banking operation with international offshoots. Founded in the 1800s, it is also one of the longest-standing banks in the United States, initially considered one of the Big Four banks systemically important and "too big to fail." This large size may put Citigroup in a more advantageous position when compared to smaller regional operations.

Citigroup overview on MarketBeat

American Express Company

American Express Company (NYSE: AXP) specializes in credit cards, payment processing and other financial services. The company has a strong reputation for quality customer service and offers a range of products for both consumers and small businesses.

The American Express dividend yield is around 1.4% and has a P/E ratio of roughly 17, so AmEx could be a good option. The company has demonstrated strong growth potential, with revenue increasing steadily over the past few years. In Q2 2023, it reported earnings that exceeded expectations, driven by a strong card business.

It's also made strategic investments in digital technology to serve its customers better and stay ahead of industry trends by launching a small business hub based on its acquisition of fintech company Kabbage. Analysts have given American Express a consensus "hold" rating due to its strong fundamentals and growth prospects.

Visa Inc.

Visa Inc. specializes in electronic payment solutions and technology. Its global network of payments gives consumers and businesses secure, fast and reliable transactions in over 200 countries. With a market capitalization of almost $500 billion, Visa is one of the largest payment networks in the world.

Regarding Visa financials, it has a P/E ratio of around 30 and a dividend yield of approximately 0.75%, which is lower than other financial stocks. However, it still represents a solid investment opportunity due to its potential for strong growth. The company reported solid earnings in Q2 2023, driven by growth in payment volume and processed transactions. Plus, with the rise of e-commerce and alternative payment methods, Visa is well-positioned to continue expanding its global reach. The company has invested in developing mobile payment solutions and integrating its platform with popular social media. Analysts have also given the stock a "moderate buy' rating due to its strong fundamentals and growth prospects.

Bank of America

Bank of America (NYSE: BAC) is a widely-known financial institution that provides a range of banking and financial services. Bank of America represents a solid investment opportunity with a P/E ratio of around 9 and a BofA dividend yield of approximately 2.8%. Its earnings in Q2 2023 were some of its strongest ever, driven by consumer banking and market business growth. The bank has made strategic investments in digital technology to better serve its customers and improve efficiency, with its mobile banking app receiving particularly high ratings from customers.

BofA analyst ratings are "hold" due to its strong fundamentals and growth potential. BofA financials are well-positioned to benefit with the economy recovering and interest rates rising. The company has also demonstrated its commitment to responsible lending practices, making it a top pick for a reliable financial stock with solid growth potential.

Morgan Stanley

Morgan Stanley (NYSE: MS) is a global financial services company that provides wealth management, investment banking and asset management services to clients worldwide. With a P/E ratio of around 15 and a dividend yield of approximately 3.8%, Morgan Stanley represents a potentially smart choice in stocks for rising interest rates.

The company has a strong reputation for innovation and has made major investments in tech. In fact, Morgan Stanley was one of the first traditional banks to embrace fintech, with its acquisition of E*TRADE in 2020. Its focus on digital transformation has paid off, with its wealth management business reporting strong earnings in Q2 2023.

Morgan Stanley analyst ratings are a "moderate buy" due to its solid fundamentals and growth prospects. Additionally, the company's acquisition and continued integration of Eaton Vance, a leading asset management firm, could further strengthen its position in the market. With its diversified business model and focus on innovation, Morgan Stanley is a top pick for long-term growth.

Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) specializes in wealth management, consumer and business banking, cash management, insurance, risk management and corporate trust. With a P/E ratio of around 11 and a dividend yield of around 3%, WFC could be a solid choice for a financial services stock to invest in now.

The company has over 4,00 branches and 12,000 ATMs across the US. Wells Fargo has an extensive presence in the consumer lending industry, making it a household name for many Americans. Although the company has faced some challenges in recent years related to its consumer banking practices, it's taken steps to address these issues and regain the trust of its customers.

In Q2 2023, Wells Fargo reported strong earnings driven by its commercial loans and credit business growth. The company has also made significant investments in its digital capabilities. Analysts have given Wells Fargo financials a "moderate buy" rating, with many seeing the potential for long-term growth as the company continues to recover. With its strong brand recognition and diversified business model, Wells Fargo is an appealing option if you're wondering which financial services company is the best.

Mastercard Inc.

Mastercard Inc. (NYSE: MA) is a global payments technology company that provides electronic payment solutions and transaction processing services worldwide. With a market capitalization of over $350 billion, it's one of the largest payment networks in the world.

In terms of Mastercard financials, the company has a P/E ratio of around 36 and a dividend yield of approximately 0.5%, which may be low compared to other financial stocks but still represents an attractive option due to its solid growth potential. The company reported strong earnings in Q2 2023, driven by growth in its processed transactions and cross-border volumes.

The company has invested heavily in its mobile payment solutions and made significant investments in blockchain technology via its Mastercard Multi-Token Network, which has the potential to revolutionize the payments industry.

Mastercard analyst ratings stand at "moderate buy" due to its strong financials and innovative payment approach. With its global network, commitment to innovation and solid growth prospects, Mastercard is a top pick with long-term potential.

How to Buy Financial Services Stocks

As you learn more about financial services stocks, you might want to add a few options to your portfolio. Use basic steps to buy insurance and bank stocks today and build wealth:

Research brokerage account types and choose one that's best for your buying strategy and goals. Some common examples of brokerage accounts include 401(k)s, IRAs and taxable account options.
Research individual brokers that offer the account type that you chose. Submit an application and wait for approval — most brokerages offer online account creation services, and you’ll usually be approved in a few minutes.
Take some time to monitor and research financial services stocks. Track and compare data like P/E ratios and ROEs to determine which companies operate most efficiently in the sector.
Link a funding method to your investment account. Depending on how you fund your account, you may need to wait a few days for the broker to verify that you own the account before transferring money between accounts.
Choose how many shares to buy and place an order. If your broker can fulfill the order according to your instructions, you'll see your shares in your account.
Remain dynamic as an investor and curious about the market, and monitor how your investments are changing in value over time. Create a plan for dividend reinvestment, and remember your long-term strategy when selecting an exit point.

You can view a more detailed explanation of buying your first stock share using MarketBeat’s guide.

Pros and Cons of Financial Services Stocks

Investing in the financial services sector involves benefits and risks that investors should know before proceeding.

Pros

The benefits include:

Cyclical defensive potential: Different subsectors within the financial services industry may perform well in different economic cycles. For example, banks may benefit from economic growth, while insurance companies might offer stability during economic downturns. These features can enhance stability, leading to less drastic losses during market downturns.
Dividend potential: Many financial services companies, especially banks and insurance firms, have a history of paying dividends. This can provide a consistent stream of passive income for investors.
Global reach: Many financial services companies on our list operate internationally, offering exposure to global markets for you as an investor.

Cons

The downsides include:

Risk of regulatory changes and intervention: The financial services sector is heavily regulated to ensure stability and consumer protection. Regulatory changes can impact business models and profitability, leading to volatility in your portfolio.
Inherent sector volatility: Financial services stocks' performance is closely tied to economic conditions and market sentiment. Economic downturns can lead to credit defaults and reduced lending activity, leading to stock price volatility.

Outlook on Financial Services Stocks

According to research from Morningstar, the outlook on the financial services sector looks positive. In Q2 of 2023, Morningstar experts estimated that financial services stocks were trading at an average discount of 14% compared to their fair market valuation. However, it’s important to remember that financial services' stocks may more closely tie into overall economic health, which may present risks as mortgage rates and housing costs continue to taper consumer confidence.

A Focus on Financial Services

While stock market bank stocks, insurance stocks and stocks of other financial services may be market mainstays, it's important to remember that the insurance industry is competitive. Examining financial strength ratings of companies you're interested in can help protect you long-term against significant losses by limiting the chances of investing in a company that will default on its financial obligations. Investing in a financial exchange-traded fund over individual assets is another step you can take to diversify your holdings.

About Sarah Horvath

horvath.sarah17@gmail.com

Contributing Author

Retail, Healthcare, and Real Estate stocks

Experience

Sarah Horvath has been a contributing writer for MarketBeat since 2022.

Areas of Expertise

Retirement investing, long-term retail investing, personal finance

Education

Bachelor of Arts, Arcadia University

Past Experience

Vanguard, Nationwide, Benzinga and MarketWatch

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