Finance & Insurance Sector
Industry Description
The US finance and insurance sector consists of more than 230,000 companies with combined annual revenues of more than $3 trillion. Major firms include AIG, Bank of America, Citigroup, Fidelity, Goldman Sachs, JPMorgan Chase, MetLife, and Wells Fargo. Other major companies in the sector include credit card processing firm First Data Corporation, brokerage firm Charles Schwab, investment services firm Value Line, and REITs such as Simon Property Group. The sector is concentrated: the largest 50 companies account for nearly 50 percent of sales.
SIC: 60, 61, 62, 63, 64, 67
NAICS: 52
NAICS: 52
Related Industries:
Financial Planners & Investment Advisers, Investment Banking, Venture Capital, Mortgage Banking, Consumer Lending, Securities Brokerages, Financial Transaction Processing, Life Insurance Carriers, Title Insurance Carriers, Insurance Agencies & Brokerages, Real Estate Investment Trusts (REITs), Banks & Credit Unions, Credit Reporting & Collections Services, Insurance CarriersTo get access to the full industry record, register now.
There are 0 companies in this industry. To view all of them, register now.Trends
Industry Consolidation - Consolidation continues among financial firms, largely in response to...
To read the full description, register now.Industry Indicator
US corporate profits, an indicator of corporate demand for financial services, rose 7.9 percent in the third quarter of 2011 compared to the same period in 2010.
To read the industry indicator, register now.Quarterly Industry Update
Banks Settle Credit Union Claims - As part of the fallout over the sales of risky mortgage-backed securities to credit unions, Deutsche Bank and Citigroup have agreed to settle with the...
To read the full industry update, register now.