The top finance companies in USA offer a variety of services, including investment banking, credit cards, and credit insurance. They also play a critical role in the economy by transferring money from consumers to merchants.
One of the most well-known financial companies is Berkshire Hathaway, which is headed by Warren Buffett. The company owns GEICO and several other insurance companies, as well as a large reinsurance operation.
Berkshire Hathaway
Warren Buffett is a legendary long-term investor, and his Berkshire Hathaway conglomerate owns a sprawling portfolio of stocks. The company’s mid-May 13F filing with the Securities and Exchange Commission reveals a detailed look at the massive portfolio, which directly reflects the investments that Buffett likes.
Berkshire has 65 subsidiaries that it either wholly owns or holds significant stakes in, including Dairy Queen, Jordan’s Furniture, Benjamin Moore, Duracell and GEICO. The company also owns the BNSF Railway and is a major stockholder in Apple, Wells Fargo, American Express, Coca-Cola and Goldman Sachs.
One of Berkshire’s more unusual holdings is Fruit of the Loom, which manufactures underwear. Its other brands include Russell Athletic, Spalding NBA official basketballs and Jerzees. The company’s other businesses include freight rail transportation, manufacturing and insurance companies.
American Express
American Express is a top finance company that offers credit cards and other financial products. The firm also provides network processing transaction services. Its competitors include Visa and MasterCard. The company has a long history of providing high-quality service.
As a card-issuing company, American Express generates revenue from the fees it charges merchants for each transaction. The company also makes money by offering its customers travel rewards and other benefits. However, some customers have complained about billing mistakes and have been charged more interest than they should have.
In 1981, American Express bought Shearson Loeb Rhoades to create a large investment bank. It soon acquired Robinson Humphrey and Foster & Marshall to add additional brokerage capabilities. In 1985, the company created Primerica to become the financial-services conglomerate that blue-chip Amex was supposed to be under James D Robinson III.
Wells Fargo
Wells Fargo is one of the top finance companies in the USA, with a history that dates back to 1852. It has been praised for its innovative mobile banking app and is making a big push to repair its fractured relationship with customers. This large bank offers savings and checking accounts, mortgages, investment banking, credit cards, and other services.
The company is known for its credit card offerings and co-branded cards with hotels, as well as travel services like traveler’s checks. It also offers a wide range of other financial products and is one of the most popular finance companies on Wall Street. The company has an extensive global presence with offices in over 160 countries and territories. Its revenue last year was more than USD 247.5 billion.
Johnson Financial Group
Johnson Financial Group provides banking, wealth management, and insurance services. The Company offers savings accounts, checking accounts, mortgages, personal loans, credit cards, and trust, estate, and fiduciary services. Johnson Financial Group serves customers in the United States. The company was founded in 1988 and is headquartered in Racine, Wisconsin. Johnson Financial Group employs more than 4,000 associates. The company’s mission is to be the leading, locally based, community-focused financial services provider. Family ownership, strong values, and committed associates are at the heart of its culture. The company has received numerous recognitions for its commitment to the communities it serves. Its stock is traded on the NASDAQ Global Select Market.
Primerica
Primerica is a financial services company that provides life insurance, mortgage loans, and other investment products. It also offers retirement planning services and debt management solutions. Its products are marketed through licensed representatives. Primerica uses a multi-level marketing strategy to reach customers, which has earned the company a bad reputation in the industry.
Primerica’s policies are very flexible, and they offer several riders to customize your policy. These include the waiver of premium rider, which waives your premium if you become disabled, and the terminal illness benefit rider, which accelerates up to 70% of your death benefit.
In addition, the company’s website lacks the quality of some competitors, and it can be difficult to find information on its products. However, it does have a good complaint index and seems to resolve customer issues promptly.
