The 9 most powerful finance companies in America
To determine the power of each company, we factored together 2014 revenue, number of employees, press mentions, and social media influence. You can read our full methodology here.
Now we’re looking at the most powerful finance companies from our list.
Berkshire Hathaway is the most powerful finance company in America — it ranked at No. 20 on the list, followed by Wells Fargo (No. 25) and American Express (No. 28).
Scroll through to see the 9 most powerful finance companies in America.
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Number of employees: 48,000
More than just providing life insurance, Newark, New Jersey-based Prudential helps clients save for retirement and manage their money at every stage of life. Fortune predicts that good things are ahead for the insurance company, noting that ” the aging of the wealthy world will increase demand for insurance products .”
Despite its 63,000 Twitter followers and 338,706 likes on Facebook, no Klout score is available for Prudential.
8. JPMorgan Chase
Number of employees: 240,000
The nation’s largest bank announced that it will close 300 bank branches by 2017 as more customers rely on mobile and online banking. The closures are part of a $1.4 billion cost-cutting plan put in place earlier this year by the Midtown Manhattan-based finance giant.
With the lowest social media influence among the Big Four banks, JPMorgan Chase has a Klout score of 68 out of 100, although the bank does command over 171,000 followers on Twitter.
7. Goldman Sachs
2014 revenue: $34.53 billion
Number of employees: 34,000
On Wall Street, few names inspire as much respect as Goldman Sachs. And the investment banking firm is on the rise — it grew profits 5% last year and recently garnered attention for backing Symphony, a secure internal chat system that has been called a “Bloomberg killer.”
Goldman also proves its social media influence with over 400,000 followers on Twitter and more than 30,000 likes on Facebook, earning the New York-based bank a Klout score of 89.
6. Morgan Stanley
Number of employees: 55,795
Morgan Stanley’s strong investment relationships with tech companies has given it a foothold in Silicon Valley. In fact, the Manhattan-based bank has worked with Netflix since 2011.
Morgan Stanley “helped write the financial script” for the streaming service, offering notes totaling nearly $2 billion between 2014 and 2015.
When it comes to social media influence, Morgan Stanley lands in the middle of the road with a Klout score of 87.
5. Bank of America
Number of employees: 220,000
One of America’s Big Four banks, Charlotte, North Carolina-based Bank of America has carved out its place not only in commercial banking, but in wealth management.
In 2008, Bank of America merged with Merrill Lynch, forming the world’s largest wealth-management company by assets. Bank of America launched its Preferred Rewards program in 2014 in an aim to improve customer satisfaction.
The bank has a Klout score of 90, higher than any of its competitors.
2014 revenue: $76.9 billion
Number of employees: 237,000
Citigroup, best known for its consumer banking services, continues to grow its physical and digital presences.
In fact, the New York City-based bank reported a 50% increase in mobile users last year, and reaches worldwide with banks across the globe in North America, Asia, Latin America, the Middle East, and Africa.
Citigroup’s not quite as prominent on social media as some of our other companies, but it still holds strong with a 79 on Klout.
3. American Express
2014 revenue: $34.3 billion
Number of employees: 53,500
Between slowing sales and the expiration of its exclusive deal with Costco. it was a tough year for American Express. But the credit-card company still remains profitable, proving that powerful companies can take a hit and still bounce back.
On the social media front, New York City-based Amex still commands a strong presence with over 5 million Facebook fans, 841,000 Twitter followers, and a Klout score of 89.
2. Wells Fargo
Number of employees: 265,800
The largest bank in America by market capitalization was also named the most valuable bank brand in the world three years in a row by Brand Finance.
Wells Fargo, unlike its competitors, has focused on traditional lending rather than investments, which has led to more rising profits since the financial crisis. Big investors have taken notice of the San Francisco-based bank — as of May 2015, Warren Buffett’s Berkshire Hathaway owned 470 million shares of Wells Fargo.
It’s also somewhat influential online with a Klout score of 88, commanding 172,000 Twitter followers and over 800,000 Facebook likes.
1. Berkshire Hathaway
2014 revenue: $194 billion
Number of employees: 316,000
Berkshire Hathaway, a holding company in Omaha, Nebraska, helmed by the distinguished Warren Buffett, not only rakes in billions in revenue, but owns several other prominent companies. including Geico, Heinz, and Helzberg Diamonds. Buffett himself is also the world’s third richest man, commanding a personal fortune over $70 billion.
Though Berkshire Hathaway doesn’t have an official Klout score, Buffett himself commands an 86 from the platform, despite only tweeting seven times so far.