The Bullish Bears break down a list of the largest financial stocks and ETFs list. Financial stocks provide financial services such as banking, insurance, investing, and real estate. They can be divided into several categories: banks, insurance, financial services, mortgage REITs, fintech, blockchain and cryptocurrencies, and SPACs. To analyze financial sector investments, investors can use metrics such as return on equity, return on assets, net interest margin, efficiency ratio, and the price-to-book ratio. In addition, investors need to consider the risks associated with financial stocks, such as economic downturns, regulatory changes, and changes in consumer behavior.
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Table of Contents
List of the Largest Financial Stocks
| Symbol | Name | Industry |
|---|---|---|
| BRK-B | Berkshire Hathaway Inc. | Insurance - Diversified |
| BRK-A | Berkshire Hathaway Inc. | Insurance - Diversified |
| V | Visa Inc. | Credit Services |
| JPM | JPMorgan Chase & Co. | Banks - Diversified |
| MA | Mastercard Incorporated | Credit Services |
| BAC | Bank of America Corporation | Banks - Diversified |
| WFC | Wells Fargo & Company | Banks - Diversified |
| SCHW | The Charles Schwab Corporation | Capital Markets |
| MS | Morgan Stanley | Capital Markets |
| GS | The Goldman Sachs Group, Inc. | Capital Markets |
| SPGI | S&P Global Inc. | Financial Data & Stock Exchanges |
| AXP | American Express Company | Credit Services |
| BLK | BlackRock, Inc. | Asset Management |
| BX | Blackstone Inc. | Asset Management |
| C | Citigroup Inc. | Banks - Diversified |
| MMC | Marsh & McLennan Companies, Inc. | Insurance Brokers |
| PYPL | PayPal Holdings, Inc. | Credit Services |
| PGR | The Progressive Corporation | Insurance - Property & Casualty |
| USB | U.S. Bancorp | Banks - Regional |
| PNC | The PNC Financial Services Group, Inc. | Banks - Regional |
Financials ETF List
| Symbol | Name | Industry |
|---|---|---|
| XLF | Financial Select Sector SPDR Fund | Broad Financials |
| VFH | Vanguard Financials ETF | Broad Financials |
| KRE | SPDR S&P Regional Banking ETF | Regional Banks |
| IYF | iShares U.S. Financials ETF | Broad Financials |
| FAS | Direxion Daily Financial Bull 3X Shares | Financial Services |
| KBWB | Invesco KBW Bank ETF | Banks |
| KBE | SPDR S&P Bank ETF | Banks |
| FNCL | Fidelity MSCI Financials Index ETF | Broad Financials |
| IYG | iShares U.S. Financial Services ETF | Financial Services |
| EUFN | iShares MSCI Europe Financials ETF | Broad Financials |
| FXO | First Trust Financials AlphaDEX Fund | Broad Financials |
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | Broker-Dealers |
| IAT | iShares U.S. Regional Banks ETF | Regional Banks |
| IAK | iShares U.S. Insurance ETF | Insurance |
| UYG | ProShares Ultra Financials | Broad Financials |
| IXG | iShares Global Financials ETF | Broad Financials |
| KIE | SPDR S&P Insurance ETF | Insurance |
| BIZD | VanEck BDC Income ETF | Business Development Company |
| RYF | Invesco S&P 500® Equal Weight Financials ETF | Broad Financials |
| FINX | Global X FinTech ETF | Financial Services |
| KBWP | Invesco KBW Property & Casualty Insurance ETF | Insurance |
| KBWD | Invesco KBW High Dividend Yield Financial ETF | Broad Financials |
| PHDG | Invesco S&P 500® Downside Hedged ETF | Broad Financials |
| PSP | Invesco Global Listed Private Equity ETF | Private Equity |
| FTXO | First Trust Nasdaq Bank ETF | Banks |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | Community Banks |
| FAZ | Direxion Daily Financial Bear 3X Shares | Financial Services |
| DFNL | Davis Select Financial ETF | Broad Financials |
| DPST | Direxion Daily Regional Banks Bull 3X Shares | Regional Banks |
| GREK | Global X MSCI Greece ETF | Broad Financials |
| KCE | SPDR S&P Capital Markets ETF | Capital Markets |
| KBWR | Invesco KBW Regional Banking ETF | Regional Banks |
| BNKU | MicroSectors U.S. Big Banks Index 3X Leveraged ETNs | Broad Financials |
| PFI | Invesco DWA Financial Momentum ETF | Broad Financials |
| BDCZ | ETRACS MVIS Business Development Companies Index ETN | Business Development Company |
| ZIG | Acquirers Fund | Broad Financials |
| BITQ | Bitwise Crypto Industry Innovators ETF | Broad Financials |
| SEF | ProShares Short Financials | Broad Financials |
| CHIX | Global X MSCI China Financials ETF | Broad Financials |
| PSCF | Invesco S&P SmallCap Financials ETF | Broad Financials |
| BDCX | ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | Business Development Company |
| SKF | ProShares UltraShort Financials | Broad Financials |
| VPC | Virtus Private Credit Strategy ETF | Broad Financials |
| PEX | ProShares Global Listed Private Equity ETF | Private Equity |
| BNKD | MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs | Broad Financials |
| INDF | Nifty India Financials ETF | Broad Financials |
What Are Financial Stocks?
Most people think of banks when they hear about the financial sector. While it’s true that banks make up a large portion of the industry, plenty of other businesses are considered financial stocks.
As mentioned, the financial sector covers everything from insurance providers to credit cards to mortgage companies. Generally speaking, financial stocks are considered value investments. This means that the companies are profitable with high cash flow and a fairly strong moat within the industry.
This also means you will likely see little capital appreciation compared to technology stocks. Financial stocks are considered safer investments and typically less volatile over time.
Are Financial Stocks Good Investments?
The financial sector has historically been one of the strongest and best-performing sectors on the stock market. The stock market itself was built on a foundation of financial stocks, and even today, five of the 30 constituents of the Dow Jones Industrial Average are from the financial sector.
Investing in financial stocks will depend on a few factors. Generally, financial stocks are good investments for those nearing retirement who want less portfolio volatility. They also make for a good investment if you are more risk-averse.
Another advantage to investing in financial stocks is dividends. Most financial stocks pay out dividends to shareholders as an incentive to remain invested in the company. Since the stock isn’t likely to provide outsized returns, dividends can compensate for a lack of capital appreciation. Over time, dividend distributions can be re-invested or “DRIP’d” into the original investment. This can compound with time and grow the initial principal exponentially.
Financial stocks might not be the best investment for younger investors with a higher risk tolerance. With so many years ahead, younger investors have time to take chances with investments with a higher risk-reward profile.
BRK-B Stock Rover Report
List of the Best Financial Stocks
There are a lot of financial stocks that can be considered for any diversified stock portfolio. If you are looking at bank stocks, the big banks are the most financially secure and stable, especially compared to regional banks. Here is our list of the best financial stocks.
1. Berkshire Hathaway (NYSE: BRK.B)
We start the list with one of the largest companies in the world: Berkshire Hathaway. You’ve probably heard of this company because of its owners, Warren Buffett and the recently deceased Charlie Munger. But what does Berkshire Hathaway do?
A holding company owns stakes in a long list of other companies. While Berkshire Hathaway is closely associated with Buffett’s stock portfolio, the company owns several businesses, including GEICO, Benjamin Moore paintings, Duracell Batteries, and Helzberg Diamonds.
As for its stock portfolio, Berkshire famously owns large positions in Coca-Cola, Apple, Bank of America, and American Express. Berkshire Hathaway does not pay dividends to shareholders, but the stock has returned more than 85% to shareholders over the past five years.
2. Visa Inc. (NYSE: V)
A company that needs no introduction, Visa is one of the largest credit card providers in the world. It operates the world’s largest payment network through its credit and debit cards and is accepted in more than 200 countries worldwide. It has nearly 4 billion cards in circulation, generating more than $14 trillion in transactions annually.
Visa has a market capitalization of $520 billion as of the start of 2024 and is one of the largest constituents of the S&P 500 and the Dow Jones Industrial Average. The stock pays out a dividend yield of 0.80%, which it pays to shareholders quarterly.
3. JP Morgan Chase (NYSE: JPM)
JP Morgan is the world’s largest bank by market capitalization and is valued at just shy of $500 billion. It is also the largest US bank by assets and offers consumer and commercial banking services worldwide.
The company is run by outspoken CEO Jamie Dimon, who is well-respected on Wall Street. Recently, Dimon has waged a war against cryptocurrencies like Bitcoin and other digital assets. JPMorgan is another heavily weighted constituent of both the S&P 500 and the Dow Jones Industrial Average, where it was added in 1991. The stock pays out a dividend yield of 2.44%, which is paid out to shareholders every quarter.
4. Bank of America (NYSE: BAC)
The Bank of America is the second-largest American bank and the second-largest bank in the world by market capitalization. It trails JPMorgan above Chase in both categories and has a current valuation of about $268 billion.
Bank of America as we know it today was founded in 1923, although its roots can be traced back to 1784. Its primary financial services include commercial banking, investment banking, and wealth management. Bank of America is a long-time favorite of Warren Buffett, as he owns more than $30 billion in BAC stock. This financial stock pays out a dividend yield of 2.83%, paid quarterly to shareholders.
5. Blackrock Inc (NYSE: BLK)
If you haven’t heard of Blackrock, you’ve more than likely heard of its popular ETF line called iShares. Blackrock is the world’s largest asset manager, with nearly $10 trillion in assets under management.
Blackrock is one of the big three asset managers, along with State Street and Vanguard. The company was founded in 1988, and one of its founders, Larry Fink, remains Blackrock’s CEO. This stock pays out a dividend yield of 2.50%, but a warning: shares are high-priced—currently, Blackrock’s stock trades at more than $800.00 per share.
Final Thoughts: Financial Stocks List
We already noted that a financial stocks list usually does not provide the same potential for growth as other sectors can. On top of that, the financial sector is heavily influenced by macroeconomic factors like interest rates, inflation, and the economy’s strength.
Financial stocks are also cyclical, so their performance can ebb and flow with the markets. These stocks can perform well when the economy is strong but thrive in high-interest-rate environments.
We also saw a weakness in financial stocks in 2023 due to the instability of regional banks. When one bank falls, the industry can have a domino effect. This is why it is generally safer to stick to the larger banks.
Finally, looking ahead, the financial system can be disrupted. More people are looking to fintech companies for more flexible financial services and lower fees. As well, deflationary assets like Bitcoin could become a threat to the traditional financial system at some point in the future.
