So you may be wondering about the world of investment banking. This is very interesting indeed and these investment banks that are mentioned here are some of the most successful in the world. More will be told about investment banking in this list of 10 largest investment banks in the world 2019.
What does investment banking mean?
Investment banking is a form of banking that concentrates mainly on the provision of capital financing toward global businesses, along with the inclusion of local businesses, individual personas and even various governments. The requirement to receive financing can appear to be in the form of equity, debt IPO, bonds offering, mergers, acquisitions, portfolio management and beyond.
Largest global investment banks in 2019?
One of the largest investment banks in the world for the year of 2019 is deemed to be Goldman Sachs, which is referred to in the abbreviated form as GS. It is one of the oldest banking firms that has been established since the year of 1869.
JP Morgan Chase is a world class investment bank that has the respect of many around the world for the fine investment banking that it does. It has $2.4 trillion in assets; and beyond investment banking, it provides small business banking, global banking, and more.
Investment Banks Vs. Commercial Banks
It is important not to confuse exactly what an investment bank is in relation to a commercial bank. You cannot just expect to walk into an investment bank and be able to deposit your money right way. That is not going to happen. With a commercial bank, you can do that. You are free to deposit your money any time you want.
The difference is that an investment bank aids in the operation of the expedition regarding the purchase and sales of bonds, stocks and other investments. Additionally, it also offers help to business organizations concerning their initial public offerings (IPOs) that are up for negotiation.
Now we take a look at a list of 10 largest investment banks in the world 2019.
Goldman Sachs has its headquarters based in the city of New York and is proud to offer a wide spectrum of services that cover four divisions, which are referred to as investment banking, institutional client services, investing and lending, and finally investment management. It has reported that earnings per share have been set at $16.34.
JP Morgan Chase has been deemed to be high on the list of success with net revenues being recorded at $96,606 million. Investment banking alone is reported to have contributed to $1,700 million of that. It reports its earning per share as being set at $4.39. It operates in sixty nations across the world.
Barclays has a good, solid reputation of being founded in the year of 1896 in the city of London in the territory of the nation of the United Kingdom. It has a very strong workforce of over one hundred thousand employees across the globe. It reports that its earnings per share are set at 3.8 pence in British currency.
Bank of America Merrill Lynch is a large entity that was formulated by Erstwhile Merrill Lynch and then was taken over by the Bank of America; hence this is the explanation for the combined name of this investment banking financial institution. It operates in forty nations around the globe. It reports that its earnings per share are set at $0.94.
Morgan Stanley was founded back in the year of 1935 with the location of its headquarters being situated in the city of New York. This international firm has over fifty thousand employees in various nations. This investment bank also offers prime brokerage. It reports that its earnings per share are set at $1.42.
Deutsche Bank that is based in Germany indeed has made a strong impression on the world and is successfully listed as part of the XETRA stock exchange. It is charted as being one of the largest financial corporations on the continent of Europe. It operates within seventy-one nations.
Citigroup can successfully trace the origin of its roots back to Citibank that was establishes in the year of 1812. Today this business has over two hundred thousand employees and has a presence of operation within one hundred and sixty nations, which is very impressive. It has a reported earnings per share that have been set at $4.35.
Credit Suisse is based in the city of Zurich in the nation of Switzerland. It was established in the year of 1856 and has over forty thousand employees who work in over fifty nations around the world. Beyond services for investment banking, it also grants the provision of taxation and advisory aid, along with the inclusion of structural lending, real estate leasing and more.
USB is another investment bank that has been established since the year of 1862 and the location of its headquarters is situated in the city of Zurich in the territory of the nation of Switzerland. It has a great workforce of over sixty thousand employees, with many of them being in America and Switzerland. This organization is known to specialize in services of high net worth and deals with ultra high net worth individuals.
HSBC is located in London in the nation of the United Kingdom. It is a powerful establishment that has its beginnings rooted in the year of 1865. It has a broad expansion of operation in over seventy-five nations and serves approximately fifty-four million customers across the globe. Its earnings per share are reported to be set at $0.84.
Now that you have read this article, you should be more informed about what investment banking is. You will now realize the major differences between commercial banks and investment banks.
This list of 10 largest investment banks in the world 2019 is very remarkable. These fine investment banks have proven that they have been successful around the world.