Fact Files

Top 5 Companies in the Finance & Investment Sector

JP MORGAN CHASE AND CO

JP Morgan Chase and Co. is  a leading global financial services firm with over 250,000 employees happens to be one of the biggest banking institutions in the United States with its operations worldwide. Its root can be traced to New York City in 1799.[1] It is ranked to be one of the top ten financial services company with a net worth of One hundred and Seventy point one Billion Dollars($ 170. 1 B).[2] J.P Morgan Chase and Co has a history of advancing environmentally sustainable solutions for clients as well as its own operations and as such it is currently working on facilitating $200 billion in clean financing by 2025 alongside sourcing for renewable power for 100 percent of their global energy needs.[3]

BANK OF AMERICA CORPORATION (BofA)

It is a multinational investment company based in Charlotte, North Carolina America with a net worth of 401.7 billion dollars. The number of employees as at 2017 is 209,000. It is involved in non- profit programs to develop upcoming or developing communities and its current project is an expansion of its ‘Neighborhood builders’ program, aimed at supporting non-profit leadership development across the United States.[4]

GOLDMAN SACHS

Goldman Sachs is a leading global investment banking and financial services company that provides a wide range of financial services to a diversified client base. Its headquarters is in New York City and has 37, 300 employees with a current net worth of 45.59 billion.[5] Goldman Sachs partnered with the Inclusion Centre for Community and Justice (ICCJ) and sponsored its 2018 salt Lake Student Arts project and also created a custom curriculum for the students around the topic of diversity and inclusion.[6]

WELLS FARGO

It is a provider of several financial services based in San Francisco with central offices throughout America. It is the second largest bank in the world by market capitalization and the fourth largest bank in the United Sates by total assets with a total umber 262,700 employees.[7] Its net worth is 1.9 trillion dollars. Wells Fargo recently donated a total of more than 130 million dollars to support military and veteran related non- profit focused on housing initiatives, career transitions and financial education.[8]

Sources

[1]History of J P Morgan Chase and Co, https://www.jpmorganchase.com/corporate/About-JPMC/our-history.htm accessed on the 8th of November 2018 at 9:29pm.

[2]Net worth of J P Morgan Chase and Co, http://www.getnetworth.com/jpmorgan-chase-net-worth/ accessed on the 8th of November 2018 at 9:40pm.

[3] J P Morgan Chase and Current implement new energy management and digital technologies to advance sustainability. https://www.currentbyge.com/ideas/jpmorgan-chase-case-study accessed on the 8th of November 2018 at 10:03pm.

[4] Bank of America annual report 2017 submitted to the Security Exchange Commission https://newsroom.bankofamerica.com accessed on the 8th November 2018 a 11:01pm.

[5]More information on Gold man Sachs https://www.celebritynetworth.com/richest-businessmen/companies/goldman-sachs-net-worth/ accessed on the 8th of November 2018 10:39pm.

[6]Gold man Sachs 2018 Salt Lake Student Art Project www.goldmansachs.com accessed on the 8th of November 2018 at 11:16pm.

[7]Wells Fargo& Company, Form 10k, Annual Report, Filling Date March 1, 2018 secdatabase.com retrieved may 13, 2018 accessed on the 8th November 2018 at 11:24pm.

[8] Wells Fargos current projectshttps://newsroom.wf.com accessed on the 8th November 2018 at 11:29pm.

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