In today’s video we will look at top 5 ASX listed financial stocks
according to their market capitalisation. Coming in at number five is the Australia and
New Zealand Banking Group (ASX: ANZ) more commonly known as ANZ. ANZ is one of the big four banks,
and it provides banking and financial products and operates both in Australia and New Zealand and
other countries in the Asia Pacific region, the United States and the United Kingdom. The division
based out in Australia consists of retail banking, corporate banking and commercial banking units.
The division based out of New Zealand consists of only retail banking and commercial banking
business units. The Asia Retail and Pacific division has units for both Asia retail and
the pacific businesses. ANZ stands with a market capitalisation of AU$66.38 billion dollars.
In the last 5 years ANZ shares have declined nearly 21% from AU$ 29.03 to 22.91 as of August 8.
Number 4. Interestingly despite not being one of the
“big four” banks, Macquarie Group actually sits higher in terms of market capitalisation than ANZ.
Macquarie Group acts as a financial services blue-chip group that provides services in
banking, financial products, advisory, investment and funds management segments.
The companies segments include Macquarie Asset Management, Corporate and Asset Finance,
Banking and Financial Services, Macquarie Securities Group, Macquarie Capital, and
Commodities and Financial Markets. Macquarie Group has a market capitalisation of AU$67.98 billion
as of August 8. In terms of its 5 year performance Macquarie shares have surged nearly 104%,
from AU$86.36 to AU$ 176.62 as of August 8. Bringing in the top 3, is one of the big four
banks – namely Westpac Banking Corporation (ASX: WBC). Westpac comes under the financial sector
and is a banking and financial services related company based out of Sydney, Australia.
It is a typical banking organization which provides services in markets,
like institutional banking, business banking, consumer banking and wealth management services.
Westpac’s segments include Westpac Institutional Bank (WIB) and Westpac
New Zealand and BT financial Group (BTFG). It operates throughout Australia, New Zealand, Asia
and in the Pacific region. Westpac stands with a market capitalisation of AU$76.49 billion. In the
past 5 years Westpac shares have declined nearly 30%, from AU$31.61 to AU$22.07 as of August 8.
Coming in at number two, is another of the big four banks – National Australia Bank,
better known as NAB, which is primarily the provider of banking and business banking services.
The major segment of the Bank includes Business & Private Banking, Consumer Banking & Wealth
Management, Corporate & Institutional Banking, Customer Products & Services, and NZ Banking.
National Australia Bank stands with a market capitalisation of AU$97.52 billion. NAB shares
have surged 1.79% in the past 5 years as of Aug 8. And coming in at number one, and no great
surprise – it's the biggest of the big four banks – which bank? Comm Bank of course.
The Commonwealth Bank of Australia (ASX: CBA) falls under the financial sector
and is a major banking and financial services related entity. It is based out of, Sydney,
Australia. It includes segments like retail banking services, business and private banking,
Institutional Banking and Markets, a Wealth Management segment and general insurance business.
The company was incorporated in 1991. CommBank stands with the highest market capitalisation
of all ASX listed stocks, with a valuation of more than AU$173 billion as of August 8. In the
past 5 years CommBank has surged nearly 27%, from AU$80.50 to 102.06 per share.
So, there you have it the top 5 financial companies on the ASX by their market
capitalisation. Are you surprised to see Macquarie trump one of the big four? Let
us know in the comments below and don’t forget to like and share the video. For more content
you can subscribe to the channel and press the bell icon. I,m James reporting for kalkine!