The Bank of America is an investment bank and financial services company in the United States, which is the second largest bank worldwide. It is headquartered in Charlotte, North Carolina, U.S., and was founded in 1988 through the merger of NationsBank and Bank of America. The company is the United States? second-largest banking institution and ranks as the world?s second-largest bank by market capitalization, following JPMorgan Chase in both categories. In 2018, the Bank of America company was recognized as the 3rd largest investment bank in the world, within the ?Bulge Bracket.? The company offers 10% of American bank deposits. In short, it?s a competitor of JPMorgan Chase. The Bank of America majorly provides financial services like commercial banking, investment banking, and wealth management.?
Wells Fargo is a multinational company headquartered in Sioux Falls, South Dakota, U.S. It provides financial services and has gained global recognition. The company delivers its services in 35 countries and covers 70 million customers globally. Wells Fargo was founded in 1929 on 29 January by Henry Wells and William Fargo. It has become one of the important financial institutions among the Big Four banks in the U.S. Wells Fargo has offices across the globe like in Dubai, Singapore, London, Toronto, Shanghai, Tokyo and many others. However, it also has back-offices in India, Philippines with a vast staff.
The Goldman Sachs Group is a multinational company that provides investment banking and financial services. It was established in 1869 by Samuel Sachs and Marcus Goldman. The company is headquartered at 200 West Street, New York, U.S. Goldman Sachs is the world?s second-largest investment bank by revenue. The Fortune 500 has ranked this company as 55th as the largest corporation in the United States by revenue. In 2024, the Forbes Global 2000 ranked it 23rd. Plus, it is a well-recognized and well-considered institution by the Financial Stability Board.
Citigroup is a prominent investment bank and financial services company based in New York City. This American company was founded in 1998 on 8th October with the efforts of the merger of Citicorp and Travelers to form a world?s largest financial services company. However, the Travelers soon backed out in 2002. As of now, Citigroup falls under the top banking institutions in the U.S., alongside Bank of America, JPMorgan Chase, and Wells Fargo. The Financial Stability Board is considered one of the systemically important banks. Also, it falls under the best eight global investment banks under the Bulge Bracket. Moreover, it ranked 36th in the Fortune 500 and 24th in the Forbes Global 2000.
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