Top Merrill Lynch Competitors & Similar Companies
Merrill Lynch, previously a public owned company on New York Stock Exchange, is now a subsidiary of Bank of America, which provides Financial services, dealing with wealth and asset management. Its client bases are in major countries of Africa, Asia and Europe. The industry of Wealth management, is highly susceptible to the economic environments of the places it operates in.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 6 competitors of Merrill Lynch.
1. Goldman Sachs:
A leading American investment banking firm Goldman Sachs was founded in 1869 by Marcus Goldman and Samuel Sachs. The company has its headquarters in New York, United States. It’s a global investment bank and a security and investment management firm which deals with diverse range of financial services for individual and institutional clients.
2. Morgan Stanley:
Morgan Stanley is a US based multinational providing financial services across the world. It is one of the giant in this sector with its operations in 24 countries round the world. It manages around $1.4+ trillion of the assets.
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3. Citibank:
Citigroup Inc or Citi was founded in the year 1812 by merging two big giants Citicorp and Travelers group and is headquartered in Manhattan, New York city. Citibank mainly deals with investment banking and financial services. Citibank have one of the largest financial services network ranging over 160 countries with around 17,000 office worldwide and over 200 million accounts in 160 countries.
4. UBS:
UBS is a global financial company headquartered in Zurich, Switzerland. UBS offers several financial management services like retail banking, commercial banking, investment banking, wealth management etc. It was founded in the year 1862 and it has around 60,000 employees globally.
5. JP Morgan Chase:
JP Morgan Chase is a multinational financial and banking service provider. It is one of the oldest financial institutions in the US and is headquartered in New York City. With assets of $2.4 trillion JP Morgan Chase is largest bank in the United States and the sixth largest bank in the world by total assets.
6. Wells Fargo:
Wells Fargo is one of a handful of U.S. companies dating to the mid-1800s that is still in the same business and operates under the same name. The headquarters building at 420 Montgomery Street in San Francisco stands on the same spot where Wells Fargo first opened for business in 1852.
To conclude, the above article highlights the various competitors which compete with Merrill Lynch. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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