Investment banks help the wider financial markets and the economy by matching sellers and investors, therefore adding liquidity to the markets. The functions of banks also make financial development more efficient and promote the growth of the business, which in turn helps the economy. Unlike banks where we deposit and withdraw our money, investment banks help businesses, governments, or other entities to increase or create capital.

Investment banks can guide how to value a company and how to improve a deal on an acquisition, merger, or sale. Investment banking analysts are specialists who understand the feasibility of large operations. They help investors identify the risks of their actions before investing money and time.

Based on the market value of firms in the U.S., here is the list of the top 10 investment banking companies:

JPMorgan Chase
Citigroup
Bank of America Securities
Morgan Stanley
HSBC North America Holdings
Goldman Sachs Group, Inc
PNC Financial Services
Wells Fargo
Barclays
Capital One Financial Corporation
Let’s get started!

1. JPMorgan Chase
JPMorgan Chase & Company has $3.5 trillion in consolidated assets, and there are about 5,000 branches in the United States alone. With roots stretching back to the 18th century, JPMorgan Chase is a multinational investment banking and financial services holding company formed in December 2000 by the merger of Chase Manhattan Corporation and JPMorgan & Company. Now, JPMorgan Chase provides a variety of financial services ranging from investment banking and asset management to retail banking and credit cards. Their headquarter is in New York City.

2. Citigroup
Headquartered in New York City, Citigroup Inc. is a multinational investment banking company and financial services organization. It was formed in 1998 by the merger of banking giant Citicorp and financial conglomerate Travelers Group; passengers were later spun off from the company in 2002. Citigroup owns Citibank’s holding company, as well as many international subsidiaries.

3. Bank of America Securities
While Bank of America is not an investment bank, it has a prominent investment banking arm that came about through its acquisition of Merrill Lynch in 2008. Recently, the company announced rebranding the Merrill Lynch branch as Bank of America Securities. Some of the bank’s offerings have M&A, equity and debt capital markets, risk management, lending, and trading.

4. Morgan Stanley
Morgan Stanley is one of the most respected financial organizations in the world. That name on your resume will open doors to your career. Morgan Stanley is an international leader in mergers and acquisitions, investment management, IPO underwriting, and wealth management. Also, it is passionate about philanthropic endeavors, especially helping children and those in dire financial need. The company has recently made strides in creating a more diverse workforce.

5. HSBC North America Holdings
As its name suggests, HSBC North America Holdings is the U.S. arm of London-based HSBC., and Canadian businesses (the name is an abbreviation of its predecessor, the Hong Kong and Shanghai Banking Corporation, which is part of HSBC’s global business and the largest bank in Hong Kong).

With $2.9 trillion in assets, the North American group has HSBC Canada, HSBC USA, and HSBC Finance Corporation, which offers credit cards, retail banking, insurance, lending, and other customer services. In the United States, HSBC’s businesses are personal financial services, commercial banking, private banking, and global markets and banking. It has more than 460 branches in New York State, but others in Connecticut, Maryland, New Jersey, Delaware, California, Florida, Virginia, Oregon, Illinois, Washington State, and Washington, D.C.

6. Goldman Sachs Group, Inc
In New York City, Goldman Sachs Group, Inc., is a multinational financial service and investment banking company. The services they provide in investment banking have advice for investment management, mergers, and acquisitions, restructuring, asset management, securities underwriting, etc. They market and broker credit products, insurance-linked securities, securities, equities, currencies, equity derivatives, mortgage-backed securities, commodities, structured products, options, and futures contracts. The current market cap is $136.28 billion, and the current assets are $1,443 billion.

7. PNC Financial Services
Located in Pittsburgh, Pennsylvania, PNC Financial Services Group, Inc. is a U.S. investment bank holding and financial services company. Its banking aid, PNC Bank, works in 27 states and the District of Columbia with 9,523 ATMs and 2,629 branches. PNC Bank ranks among the largest investment banks in the U.S. by assets and one of the largest by the number of deposits, branches, and ATMs.

8. Wells Fargo
Wells Fargo & Company is one of the world’s leading investment banks in terms of assets and market capitalization. It provides a full range of investment banking and financial services through offices in approximately 40 countries. The company’s core business sites have wholesale banking, community banking, and wealth and investment management. In 2019, this company generated banking fees of more than $2 billion.

9. Barclays
Barclays is a British multinational universal investment banking company. The company offers various products and services to businesses, financial organizations, and governments worldwide. It is located in London, maintains offices in 30 countries, and employs over 20,000 individuals. In 2019, it had international investment banking revenue of more than $3.2 billion, according to Dealogic. Euromoney magazine named it the best investment banking company in the United States and Western Europe.

10. Capital One Financial Corporation
Located in McLean, Virginia, Capital One Financial Corporation is an investment bank holding company specializing in auto loans, banking and savings accounts, and credit cards with operations mainly in the U.S. This company is on the list of the largest investment banks in the U.S. and has built a reputation for being a technology-focused bank

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