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.
Top 10 Most Popular Financial Sector Stocks In The US
JP Morgan Chase
Bank of America
Important Note: All facts & figures mentioned in the tables above have been collated from publicly available sources. 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.
Watch this video to learn how you can buy US financial stocks using Cube Wealth.
*Note: Facts & figures are as of 12-04-2021
Bhavna is a Business Economics graduate with over 10 years of writing experience. She writes on a variety of topics for Cube Wealth and helps simplify investment-related concepts with both short & long-form content.
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