The US is the largest financial market in the world. According to 2018 data, the finance & insurance sector represented 7.4% of the country’s total GDP.
It provided employment to more than 6 million people. The US finance, banking & insurance industry is home to some of the world’s biggest financial firms like Bank of America, Visa, and JP Morgan Chase.
In this blog, we will take a look at some of the top financial sector stocks in the US and the overall sector performance. Stick around till the end to know how Cube lets you invest in US stocks for as low as $1.
Important: This blog is meant to educate readers and the information furnished here is not to be construed as investment advice from Cube Wealth. Please consult a wealth coach or financial advisor before investing in any asset.
What Is The Financial Sector In The US?
The US financial sector broadly includes banks, insurance companies, investment companies, and financial services companies. It encompasses companies offering retail and commercial banking, accounting, insurance, asset management, credit cards, brokerage, payment services, and more.
Popular Types Of Financial Stocks In The US
1. Banks like Wells Fargo & Goldman Sachs
2. Insurance Companies like Berkshire Hathaway
3. Financial Services Companies like Ratings Agency S&P Global & Futures Exchange CME Group
4. Fintech Companies like Visa & PayPal
In the past year, White Mountains Insurance Group, Virtu Financial Inc, and American National Group Inc have been the best value stocks in the US financial sector due to their low P/E ratio.
Read this blog to know how you can buy FAANG stocks from India
Top 10 Most Popular Financial Sector Stocks In The US
|
Company
|
Ticker
|
Market Cap
|
EPS
|
Beta
|
Present Value
|
|
Berkshire Hathaway
|
BRK-B
|
$602.513 Billion
|
26,667.81
|
0.90
|
$262.50
|
|
Visa
|
V
|
$490.381 Billion
|
4.84
|
0.98
|
$221.71
|
|
JP Morgan Chase
|
JPM
|
$467.796 Billion
|
8.88
|
1.21
|
$153.30
|
|
Mastercard
|
MA
|
$373.633 Billion
|
6.37
|
1.18
|
$376.13
|
|
Bank of America
|
BAC
|
$341.553 Billion
|
1.87
|
1.58
|
$39.59
|
|
PayPal
|
PYPL
|
$306.182 Billion
|
1.15
|
1.15
|
$261.43
|
|
Wells Fargo
|
WFC
|
$164.146 Billion
|
0.41
|
1.32
|
$39.65
|
|
Citigroup
|
C
|
$149.231 Billion
|
4.72
|
1.95
|
$71.52
|
|
Morgan Stanley
|
MS
|
$146.959 Billion
|
6.46
|
1.56
|
$78.57
|
|
BlackRock
|
BLK
|
$121.344 Billion
|
31.85
|
1.17
|
$795.00
|
Past Trajectory Of The Financial Sector Stocks In The US
The financial sector was growing at a steady pace but 2020 hasn’t been the best year for most sectors. Here’s a look at the performance at some of the top financial sectors stocks in the US.
|
Company
|
Market Cap Jan 20
|
Market Cap Jan 21
|
|
Berkshire Hathaway
|
$555.390 Billion
|
$543.680 Billion
|
|
Visa
|
$421.515 Billion
|
$482.170 Billion
|
|
JP Morgan Chase
|
$438.072 Billion
|
$387.330 Billion
|
|
Mastercard
|
$303.919 Billion
|
$355.840 Billion
|
|
Bank of America
|
$317.977 Billion
|
$262.200 Billion
|
|
Ping An Insurance
|
$226.850 Billion
|
$233.340 Billion
|
|
Wells Fargo
|
$227.138 Billion
|
$124.780 Billion
|
The data indicates that despite the pandemic, some of the financial companies have performed well. Therefore, it is important to evaluate the stocks carefully before investing.
Read this blog to know more about the taxes on US stock investments
How To Invest In The US Financial Sector Stocks?
The Cube Wealth App is a convenient and hassle-free platform to invest in US financial sector stocks from India. It guides you to open a US brokerage account with Cube's partner, DriveWealth.
The best part is that Cube lets you invest in US stocks for as little as $1 and gives you access to advice from award-winning RIA, Rick Holbrook.
Download Cube For Free to invest in US financial sector stocks from India.
Important Note: All facts & figures mentioned in the tables above have been collated from publicly available sources. Facts & figures are true as of 12-04-2021. The companies mentioned in the tables are listed in no particular order and are a reflection of US' most popular financial sector brands at the moment. Cube Wealth does not recommend purchasing stocks based on popularity alone and suggest you consult a Wealth Coach before putting your hard-earned money into any asset.
