JPM
2nd
Jpmorgan Chase
$890.60Bn
335.04
-0.53%
+6.13%
The company provides investment banking services, including underwriting and mergers and acquisitions advisory, to corporations, governments, and institutional clients.
BSAC
2nd
Banco Santander Chile
$421.74Bn
33.57
-0.77%
+27.50%
Through its Corporate Investment Banking (CIB) segment, the company provides investment banking and financial consulting services to multinational firms and financial institutions.
BAC
2nd
Bank Of America
$385.85Bn
54.98
-0.87%
+4.88%
The Global Banking segment delivers investment banking products and services, including capital raises and advisory, to large corporate clients and government entities.
HSBC
2nd
Hsbc Holdings
$345.94Bn
100.71
-0.46%
+42.91%
Through its Corporate and Institutional Banking segment, the company provides debt and equity capital markets solutions and advises on capital raises.
MS
2nd
Morgan Stanley
$303.15Bn
192.85
-0.42%
+19.66%
The Institutional Securities segment provides investment banking advisory and underwriting services for equity and debt offerings, as well as M&A advisory and restructuring.
RY
2nd
Royal Bank Of Canada
$279.82Bn
199.78
-0.61%
+35.94%
The Capital Markets segment provides advisory and origination services, underwriting, and debt/equity services to corporate, institutional, and government clients.
MUFG
2nd
Mitsubishi Ufj Financial
$274.62Bn
23.14
-0.94%
+45.53%
Through its Japanese Corporate & Investment Banking and Global Corporate & Investment Banking groups, the company provides M&A advisory, securities underwriting, and capital raising services to large corporate customers.
GS
2nd
Goldman Sachs
$267.07Bn
916.37
-0.02%
+13.96%
The company earns significant investment banking fees from advising corporations on mergers, acquisitions, divestitures, and underwriting equity and debt issuances.
WFC
2nd
Wells Fargo & Company
$243.79Bn
80.50
-0.40%
-4.90%
The Corporate and Investment Banking segment provides strategic advisory, merger and acquisition financing, and debt and equity underwriting for large corporate and government clients.
TD
2nd
Toronto Dominion Bank
$201.07Bn
119.01
-0.47%
+49.19%
The Wholesale Banking segment, specifically TD Securities, provides corporate and investment banking services including debt and equity underwriting and M&A advisory.
SCHW
2nd
Schwab Charles
$171.38Bn
99.10
+0.81%
+2.28%
The company provides retail brokerage services to 38.5 million active brokerage accounts, allowing individual investors to trade mutual funds, ETFs, and other securities.
BBVA
2nd
Banco Bilbao Vizcaya Argentaria
$163.56Bn
28.65
-0.59%
+50.55%
The company provides corporate and investment banking services, including capital markets and advisory services for large corporations and multinational groups.
UBS
2nd
UBS Group AG
$163.00Bn
48.78
+0.29%
+18.03%
The Investment Bank segment provides capital markets, advisory, and financing services to corporations and financial institutions, earning revenue from advisory and underwriting fees.
HDB
2nd
Hdfc Bank
$116.17Bn
22.64
+0.98%
-33.68%
The company provides brokerage accounts across equity, gold, and debt asset classes via its subsidiary, HDFC Securities Limited.
ING
2nd
Ing Groep
$104.72Bn
36.08
-0.82%
+38.66%
Within its Wholesale Banking segment, ING provides capital markets advisory for tailored financing and structured solutions to corporations and financial institutions.
HOOD
Robinhood Markets
$104.48Bn
116.22
-0.21%
-14.99%
Robinhood provides a digital platform for individual investors to trade stocks, ETFs, and options. Its primary revenue is generated from payment for order flow (PFOF) and margin interest from retail users managing their own portfolios.
CM
2nd
Canadian Imperial Bank Of Commerce
$103.54Bn
111.74
-0.39%
+40.39%
The Capital Markets segment provides investment banking services, including underwriting of debt and equity securities and mergers and acquisitions advisory.
BNY
Bank of New York Mellon
$99.71Bn
146.96
-1.00%
+33.90%
The company is a global leader in the custody market, generating significant revenue from the safekeeping of securities, fund administration, and accounting for institutional investors like pension funds and insurance companies.
SMFG
2nd
Sumitomo Mitsui Financial
$99.59Bn
26.02
-1.59%
+54.51%
The Wholesale Business Unit provides mergers and acquisitions advisory and capital raise solutions for corporate clients.
CME
Cme
$94.57Bn
263.22
-0.01%
-3.31%
CME Group operates multiple exchanges for futures, options, and cash markets, and serves as a central counterparty clearing provider. Its revenue is primarily driven by trading and clearing fees from contracts executed on its exchanges and cleared through its clearing house.
USB
2nd
Us Bancorp
$90.60Bn
58.15
-1.07%
+18.70%
The company provides capital markets solutions and brokerage services to corporate, institutional, and wealth management clients.
ITUB
2nd
Itau Unibanco Holding
$89.21Bn
8.09
+1.25%
+13.62%
The company has a dedicated investment banking arm that provides advisory and capital raising services to middle market and large corporate clients.
PNC
2nd
Pnc Financial Services
$88.41Bn
221.60
-0.92%
+9.78%
The Corporate & Institutional Banking segment earns revenue from capital markets services, including securities underwriting and advisory offerings for corporations and government agencies.
ICE
Intercontinental Exchange
$85.38Bn
152.20
-0.52%
-9.40%
The company operates regulated marketplaces for the listing, trading, and clearing of derivatives and securities, including the New York Stock Exchange and global futures networks. It generates significant revenue from transaction fees, listing fees, and clearing services.
BCS
2nd
Barclays
$84.86Bn
24.48
-0.49%
+18.66%
The Barclays Investment Bank segment provides advisory, underwriting, and capital markets services to corporations and governments, earning fees from M&A advisory and debt/equity capital markets activities.
WEBNF
2nd
Westpac Banking
$84.48Bn
24.70
+1.31%
-3.29%
The company generates fee-based revenue from providing advisory services to its corporate and institutional clients.
AMUB
2nd
Ubs Ag
$84.15Bn
21.81
-2.07%
+17.70%
The company provides advisory services and investment advisory to corporations and institutions, which are core activities of investment banking.
KKR
2nd
Kkr
$83.68Bn
93.21
-0.03%
-30.69%
The company operates a Capital Markets business line and acts as a broker-dealer, earning transaction fees for providing capital markets services.
NWG
2nd
NatWest
$75.15Bn
18.27
-0.44%
+30.97%
The Commercial & Institutional segment and Central items provide financial markets services and trading revenue derived from foreign exchange, interest rate, and credit market activities for institutional clients.
DB
2nd
Deutsche Bank Aktiengesellschaft
$68.71Bn
36.11
+0.08%
+2.27%
The Investment Bank segment provides advisory and underwriting services for debt and equity issuance to corporate and institutional clients.
SNTUF
2nd
Santander UK
$65.21Bn
2.10
+0.00%
+24.26%
Through its Corporate Banking segment, the company supports mergers and acquisitions activity and provides structured lending and syndicated loans for large corporate clients.
NU
2nd
Nu Holdings
$59.74Bn
12.36
+1.06%
-22.51%
Through NuCrypto, the company provides a custodial wallet and brokerage services for the buying, selling, and on-chain transfer of cryptocurrencies.
AON
2nd
Aon
$58.53Bn
275.90
+1.43%
-22.20%
Aon earns income from capital markets activities, specifically through insurance-linked securities underwriting and strategic advisory work.
TFC
2nd
Truist Financial
$56.73Bn
46.44
-1.40%
+1.13%
Through its Truist Securities brand within the Wholesale Banking segment, the company provides investment banking and capital markets services, including helping corporate and institutional clients raise capital.
NDAQ
Nasdaq
$51.62Bn
91.85
-0.83%
+3.54%
Nasdaq operates 19 exchanges covering equities, options, fixed income, and commodities, earning revenue from trading, clearing, and settlement fees. It provides the venue and plumbing for financial instruments to be listed and traded, which is the core definition of an exchange.
COIN
2nd
Coinbase Global
$50.12Bn
190.02
-0.92%
-43.11%
The company operates multiple trading venues, including Coinbase Exchange and Coinbase International Exchange, where it facilitates the trading, custody, and settlement of digital assets for both retail and institutional clients.
GGAL
2nd
Grupo Financiero Galicia
$49.05Bn
37.02
+0.11%
+25.62%
The company provides retail brokerage and digital investment platforms for individual clients through Inviu and Galicia Securities.
STT
State Street
$48.84Bn
177.79
-1.11%
+51.63%
State Street is one of the world's largest custodial banks, providing global custody, fund administration, and accounting services to institutional investors. Its Investment Servicing segment generates significant revenue from these back- and middle-office solutions for mutual funds, insurance companies, and sovereign wealth funds.
PYPL
2nd
PayPal Holdings
$46.45Bn
53.89
-0.72%
-22.66%
PayPal facilitates the purchase and sale of cryptocurrencies for its users, generating revenue from these digital asset transactions.
FITB
2nd
Fifth Third Bancorp
$46.22Bn
50.98
-1.14%
+12.29%
The company provides capital markets solutions to middle market and large corporate clients as part of its Commercial Banking operations.
KB
2nd
KB Financial
$45.91Bn
128.03
+0.70%
+54.78%
KB Securities provides investment banking services, including securities underwriting and mergers and acquisitions advisory.
ATMP
2nd
Barclays Bank
$45.21Bn
34.44
-1.37%
+19.71%
The Barclays Investment Bank segment provides advisory for mergers and acquisitions, underwriting for equity and debt capital markets, and financing services to corporations and governments.
AMP
2nd
Ameriprise Financial
$43.92Bn
497.21
+0.24%
-0.48%
The Advice & Wealth Management segment provides brokerage services to retail clients, earning revenue through brokerage commissions.
BSBR
2nd
Banco Santander (Brasil)
$42.44Bn
5.68
-0.70%
+2.16%
The company's Global Wholesale Banking segment provides investment banking services, specifically mentioning mergers and acquisitions advisory, equity capital markets, and debt capital markets for global corporate customers.
BMA
2nd
Macro Bank
$42.19Bn
65.98
+0.00%
+47.51%
The bank operates stock exchange services and securities transactions through its subsidiaries, facilitating the buying and selling of financial instruments.
SHG
2nd
Shinhan Financial
$39.06Bn
81.85
+0.89%
+62.82%
Through Shinhan Securities, the group provides investment banking services, including underwriting for IPOs and advisory for mergers and acquisitions.
IBKR
Interactive Brokers
$38.83Bn
86.18
-1.03%
+25.26%
Interactive Brokers provides an automated platform for individual investors to buy and sell stocks, options, futures, and ETFs, earning revenue from commissions, margin interest, and account fees. The profile explicitly identifies its competition as discount brokerages like Charles Schwab and ETRADE.
BBD
2nd
Bank Bradesco
$35.55Bn
3.36
+0.30%
+0.30%
The company provides retail brokerage services to individual investors through its subsidiary Ágora Investimentos.
NTRS
Northern Trust
$31.65Bn
172.94
-0.92%
+29.16%
Northern Trust's Asset Servicing segment is a core driver of its business, providing global custody, fund administration, and securities lending to institutional investors like pension funds and sovereign wealth funds, with $17.4 trillion in assets under custody/administration.
RJF
2nd
Raymond James Financial
$30.72Bn
159.88
-0.80%
-9.38%
The Capital Markets segment provides investment banking services, including the underwriting of equity and debt securities and merger and acquisition advisory.
NMR
2nd
Nomura Holdings
$28.72Bn
9.90
-1.20%
+32.89%
The Investment Banking division provides advisory services for mergers and acquisitions, capital raising, and underwriting for corporations and sovereigns.
CBOE
Cboe Global Markets
$27.38Bn
261.83
+3.41%
+6.33%
Cboe operates as a global derivatives and securities exchange network, running the largest options exchange and the third largest equities exchange operator in the U.S. Its primary revenue is generated from transaction and clearing fees on its exchanges, as well as listing fees for exchange traded products.
CFG
2nd
Citizens Financial
$27.01Bn
63.90
-1.37%
+19.11%
The Commercial Banking segment provides corporate finance, merger and acquisition advisory, and underwrites credit and equity facilities for middle market and mid-corporate clients.
LPLA
LPL Financial Holdings
$24.26Bn
308.05
-1.48%
-9.56%
LPL operates as the nation's largest independent broker-dealer, generating significant revenue from commission revenue on trades, mutual fund distributions, and annuity sales. Its core business is providing a platform for over 32,000 financial advisors to facilitate the buying and selling of securities for individual investors.
TW
Tradeweb Markets
$23.56Bn
100.61
-0.16%
-9.66%
Tradeweb operates electronic marketplaces and trading venues for fixed income, equities, and money markets, providing the plumbing for trade execution. It generates revenue through transaction-based fees and listing/access fees from institutional, wholesale, and retail clients.
RF
2nd
Regions Financial
$22.92Bn
26.90
-1.28%
+1.51%
The Corporate Bank segment provides merger and acquisition advisory and capital markets solutions to mid-size and large corporations.
FCNCA
2nd
First Citizens Bancshares
$21.53Bn
2,073.46
-1.18%
+15.33%
The Commercial Bank segment provides capital markets and financial advisory services to small and middle market companies, as well as private equity and venture capital firms.
KEY
2nd
Keycorp
$21.47Bn
20.12
-1.37%
+6.57%
The company provides investment banking products and services to corporate and institutional clients, earning fee income from these activities.
SOFI
2nd
SoFi Technologies
$20.53Bn
15.91
-0.13%
-42.25%
SoFi provides a retail brokerage service through SoFi Invest, allowing individual members to manage their own investment portfolios.
BCH
2nd
Bank Of Chile
$20.35Bn
40.29
-2.85%
+33.59%
The company provides securities brokerage services to individual and institutional clients through its subsidiary Banchile Corredores de Bolsa, earning commissions on trades.
WF
2nd
Woori Financial
$19.55Bn
79.91
+1.14%
+39.85%
The Capital Markets Activities segment provides investment banking services, including advisory for mergers, acquisitions, and capital raising for corporate and institutional clients.
CRCL
Circle Internet
$19.54Bn
83.69
-2.43%
-37.39%
Circle's core business is the issuance and management of digital assets, specifically the USDC and EURC stablecoins, and providing institutional minting, redemption, and custody services through Circle Mint. These activities center on the intermediation and safekeeping of digital assets for a global customer base of financial institutions and enterprises.
BR
2nd
Broadridge Financial Solutions
$18.34Bn
160.92
-1.22%
-32.28%
Broadridge provides back-office and middle-office services to the investment management industry, including portfolio order management, compliance, fee billing, and risk management for hedge funds and traditional asset managers.
EWBC
2nd
East West Bancorp
$17.20Bn
125.52
-0.95%
+17.77%
The company earns income from capital markets activities conducted through its broker-dealer subsidiary.
TPG
2nd
Tpg
$17.00Bn
43.50
+0.02%
-26.15%
The company's Market Solutions segment performs capital markets activities, including underwriting, placement, and advisory services for debt and equity offerings.
CBSH
2nd
Commerce Bancshares
$15.96Bn
55.33
-0.98%
-2.33%
The company earns brokerage commissions through its Wealth segment, which offers consumer brokerage services to its clients.
FUTU
Futu Holdings
$15.84Bn
112.98
+0.63%
-34.94%
Futu operates an online securities brokerage platform where retail investors buy and sell stocks, derivatives, funds, and bonds. Its primary revenue is generated from securities brokerage commissions and handling charges on trades executed through its platforms.
EQH
2nd
Equitable Holdings
$14.26Bn
52.21
-0.19%
-0.19%
Equitable Advisors provides brokerage services to individual clients, earning brokerage commissions on retail client transactions.
PNFP
2nd
Pinnacle Financial Partners
$14.12Bn
93.48
-0.09%
-1.06%
Through PNFP Capital Markets, the company provides M&A advisory, public and private debt and equity placement services, and participates in underwritten public offerings.
CG
2nd
Carlyle
$14.02Bn
39.68
+0.40%
-38.85%
The company's Global Capital Markets arm arranges, underwrites, and syndicates loans and securities for third parties and portfolio companies, earning transaction fees from these advisory and capital markets activities.
MFG
2nd
Mizuho Financial
$13.68Bn
10.99
-0.63%
+62.57%
The company provides equity and bond underwriting and mergers and acquisitions advisory services through its Corporate & Investment Banking and Global Corporate & Investment Banking segments.
SEIC
Sei Investments
$12.40Bn
103.35
-1.40%
+20.99%
SEI's largest revenue driver (57%) is technology and operations outsourcing, specifically providing fund administration, investment accounting, investor reporting, and middle-office functions for investment managers and institutional investors. The company also provides trust-based custody through the SEI Private Trust Company (SPTC).
TIGR
UP Fintech Holding
$12.06Bn
4.55
-2.15%
-58.10%
The company operates an online brokerage platform providing individual retail investors and high net worth individuals access to trade stocks, options, warrants, and futures. Its primary revenue is generated from commission fees charged on securities trades executed through its platform.
ALLY
2nd
Ally Financial
$11.51Bn
37.81
-0.94%
-5.14%
The company provides securities brokerage and investment advisory services to individual investors through its Ally Invest platform.
FHN
2nd
First Horizon
$10.94Bn
23.10
-0.47%
+1.94%
Through its wholesale segment, the company engages in underwriting and capital markets activities to help clients raise capital.
SF
2nd
Stifel Financial
$10.75Bn
69.70
-0.97%
-9.02%
The company has a dedicated Institutional Group that earns revenue from capital-raising fees for underwriting debt and equity securities, as well as advisory fees for mergers and acquisitions and private placements.
PAYP
2nd
PayPay
$10.72Bn
15.84
-1.00%
—
The company operates PayPay Securities Corporation, which provides individual users with a smartphone-based brokerage to trade domestic and international stocks, ETFs, mutual funds, and REITs.
XP
Xp
$10.54Bn
20.27
+0.20%
+6.52%
XP Inc. operates as a leading financial investment platform providing retail and institutional clients access to equities, fixed income, and mutual funds through its core broker-dealer entity, XP CCTVM, and XP Investments. Its revenue model relies heavily on commissions and fees from these brokerage activities for millions of active retail clients.
FRHC
2nd
Freedom Holding
$10.44Bn
169.98
-2.52%
-1.73%
The company provides retail brokerage services and digital trading platforms like Tradernet, allowing individual investors to access global exchanges such as the NYSE and Nasdaq.
UMBF
2nd
Umb Financial
$10.01Bn
131.84
-1.18%
+11.27%
The company has a significant institutional banking segment that provides fund administration, custody, and transfer agency services through UMB Fund Services, Inc.
BPOP
2nd
Popular
$9.98Bn
156.30
-1.61%
+22.75%
The company provides broker-dealer services and access to investment vehicles for individual investors through its subsidiary Popular Securities, LLC.
EVR
Evercore
$9.98Bn
258.40
-1.25%
-24.14%
Evercore's primary revenue (98%) comes from its Investment Banking & Equities segment, which provides strategic advisory on mergers, acquisitions, divestitures, and capital raising (IPOs, debt offerings). The firm specifically earns fees from advisory, underwriting, and capital markets transactions for corporations and financial sponsors.
SSB
2nd
SouthState Bank
$9.71Bn
100.11
-1.57%
+0.79%
Through its Correspondent Banking and Capital Markets segment and SouthState Securities, the company earns commissions on fixed income security sales and provides brokerage services to other financial institutions.
WTFC
2nd
Wintrust Financial
$9.68Bn
143.49
-0.37%
+8.25%
Wintrust provides brokerage services through its wealth management segment, generating revenue from transaction commissions.
CFR
2nd
Cullen
$9.59Bn
154.27
-1.42%
+21.21%
Frost Brokerage Services, Inc. operates as an introducing broker-dealer that facilitates the sale and purchase of securities for customers.
ONB
2nd
Old National Bancorp
$9.50Bn
24.84
-1.47%
+12.81%
The profile explicitly mentions brokerage services as a contributor to the company's fee-based revenue streams.
JEF
Jefferies Financial
$9.47Bn
46.55
-1.25%
-30.17%
Jefferies is described as a global investment banking and capital markets firm that generates primary revenue through fees for investment banking advisory and underwriting services across equities and fixed income.
ZION
2nd
Zions Bancorporation, National Association
$9.14Bn
62.61
-0.92%
+9.84%
The bank operates a capital markets and investment banking business line, providing underwriting and advisory services to corporations and public sector entities.
GLXY
Galaxy Digital
$9.02Bn
23.07
-0.60%
-32.72%
Galaxy Digital operates a global platform for the trading, custody, and settlement of digital assets, serving institutional clients through an OTC desk for spot and derivatives trades. It provides institutional custody solutions, including cold and hot wallet technology, and acts as a prime broker for the digital asset ecosystem.
HLI
Houlihan Lokey
$8.86Bn
127.49
-1.58%
-38.17%
Houlihan Lokey is a global independent investment bank that earns revenue through advisory fees for mergers and acquisitions, capital raising, and financial restructuring. Its Corporate Finance segment specifically provides sell-side and buy-side M&A advice and capital solutions for raising debt and equity.
VIRT
Virtu Financial
$8.34Bn
53.77
+3.46%
+49.90%
Virtu Financial operates as a market maker and liquidity provider, earning revenue from the bid-ask spread on high-volume trades across equities, fixed income, and currencies. Its Market Making segment specifically provides liquidity to institutional counterparties including banks, hedge funds, and mutual funds.
CLUS
Cluster Group Holdings
$8.00Bn
200.00
+0.00%
+0.00%
The company operates as a blank check company whose sole purpose is to identify and complete a merger, acquisition, or business combination. This activity of facilitating capital raises and corporate restructuring through a merger vehicle aligns with the core functions of investment banking and corporate finance advisory.
SNEX
StoneX
$7.83Bn
65.25
-0.99%
+45.68%
StoneX operates as a global financial services network providing clearing and execution services, prime brokerage, and liquidity across major futures and securities exchanges for institutional and commercial clients. Its revenue is primarily driven by commissions and spreads earned from these large-volume transactions.
BOKF
2nd
Bok Financial
$7.82Bn
128.62
-1.51%
+15.40%
The company engages in investment banking activities, specifically the underwriting of state and municipal securities, including general obligation and revenue bonds.
BBAR
2nd
Banco BBVA Argentina
$7.68Bn
12.53
-0.24%
+40.63%
The Corporate & Investment Banking segment provides mergers and acquisitions advisory and capital markets services to large corporations and multinationals.
HQY
Healthequity
$7.23Bn
87.25
-1.35%
-8.49%
Healthequity's core business is the administration and safekeeping of tax-advantaged health savings accounts (HSAs), generating custodial revenue from fees on HSA cash held by depository partners. It provides back-office fund administration and account servicing for employer clients and individual members.
VLY
2nd
Valley National Bancorp
$7.03Bn
12.72
-0.47%
+20.11%
The company offers brokerage services for the buying and selling of securities through its Wealth Management and Insurance Services Division.
WBHC
2nd
Wilson Bank Holding
$6.76Bn
550.00
+0.00%
+214.29%
The bank provides custodial and trust services to customers, including the investment of surplus funds for state and local government entities.
FIGR
2nd
Figure Technology Solutions
$6.55Bn
29.30
-0.10%
-22.38%
The company's Markets Holdings segment utilizes blockchain technology to operate an exchange for digital assets and credit, including offerings like interest-bearing stablecoin deposits.
UBSI
2nd
United Bankshares
$6.29Bn
46.15
-1.22%
+23.93%
Through its brokerage subsidiary, the company provides retail and institutional investors with equity and fixed income trading and mutual funds, earning brokerage commissions.
FNB
2nd
Fnb
$6.11Bn
17.32
-0.63%
+7.71%
The company provides capital markets solutions to commercial clients, specifically offering debt underwriting and syndications.
AVAL
2nd
Grupo Aval Acciones Y Valores
$5.78Bn
4.87
+1.67%
+48.48%
The group provides investment banking services through its commercial banks and conducts merchant banking activities via Corficolombiana, focusing on equity investments and capital raises.
MKTX
Marketaxess Holdings
$5.77Bn
163.96
+0.01%
-7.70%
MarketAxess operates electronic trading platforms and an 'Open Trading all to all marketplace' that provides the venue and rules for institutional investors and broker dealers to trade global fixed income products. The company generates the vast majority of its revenue (86.8%) from commissions on trades executed through these electronic venues.
PJT
PJT Partners
$5.50Bn
144.79
-2.76%
-19.74%
PJT Partners is a global advisory-focused investment bank that earns revenue from advisory fees for mergers and acquisitions, restructuring, and capital markets advisory. The firm provides strategic advice and capital-raising services to corporations, financial sponsors, and governments.
BGC
Bgc
$5.45Bn
11.45
-2.72%
+19.40%
BGC Group operates as a global inter-dealer and wholesale broker, earning the majority of its revenue from brokerage and trade execution fees for fixed income securities, derivatives, foreign exchange, and energy commodities. It serves institutional clients such as major banks, hedge funds, and trading firms, providing liquidity and execution at institutional scale.
MRX
Marex
$5.26Bn
72.13
+1.18%
+111.59%
Marex provides brokerage, clearing, and execution services for institutional clients such as hedge funds, banks, and asset managers across global commodity and financial markets. It generates revenue primarily from commissions on executing and clearing trades and bid-ask spreads from its market-making activities.
MC
Moelis
$5.10Bn
58.01
-0.12%
-19.72%
Moelis & Company is a global independent investment bank that earns revenue through advisory fees from mergers and acquisitions, recapitalizations, and restructurings. It provides strategic and financial advisory services to corporations, financial sponsors, and governments.
AX
2nd
Axos Financial
$4.90Bn
86.29
-1.59%
-0.01%
Through Axos Clearing LLC, the company provides substantial custody, clearing, and fund administration services to registered investment advisors and introducing broker dealers, managing approximately 39.4 billion dollars in assets under custody.
PIPR
Piper Sandler Companies
$4.38Bn
64.77
-9.63%
-26.54%
Piper Sandler earns primary revenue through advisory fees for mergers and acquisitions, equity and debt financings, and underwriting commissions from municipal bond issuances. The profile explicitly identifies it as an investment bank serving corporations and public entities for capital raises and restructuring.
IBOC
2nd
International Bancshares
$4.29Bn
68.94
-0.85%
-0.01%
The company operates an Investment Banking segment through interests in Gulfstar Group I and II, providing underwriting, advisory, and capital-raising services for corporate clients.
TCBI
2nd
Texas Capital Bancshares
$4.06Bn
93.31
-1.47%
+9.19%
The company operates a non-bank subsidiary, Texas Capital Securities, and generates revenue from investment banking activities.
LAZ
Lazard
$3.96Bn
35.82
+0.17%
-32.57%
Lazard provides independent financial advice on mergers and acquisitions, restructuring, and capital raising for corporate and sovereign clients. It earns advisory fees for services such as valuation analyses, fairness opinions, and transaction structuring.
BULL
Webull
$3.75Bn
7.17
+1.70%
-53.89%
Webull operates a digital investment platform providing brokerage services to retail investors for trading equities, options, and futures. Its revenue model is based on payment for order flow, commissions from retail customers, and margin/interest income from cash sweep balances.
WT
2nd
WisdomTree
$3.68Bn
24.26
+0.83%
+74.78%
The company operates a Digital Assets segment that offers tokenized financial products, the WisdomTree Prime wallet, and the WisdomTree Treasury Money Market Digital Fund, earning management and service fees.
WSBC
2nd
Wesbanco
$3.62Bn
37.73
-1.36%
+17.91%
Wesbanco provides brokerage services to individual clients through its registered broker-dealer, Wesbanco Securities, and earns revenue from brokerage commissions.
BRBI
BRBI BR Partners
$3.54Bn
11.24
+0.00%
-17.96%
The company operates as an independent advisory boutique providing strategic advisory for mergers, acquisitions, divestitures, and corporate restructurings. It generates significant revenue from advisory fees and underwriting commissions for debt and equity capital markets issuances.
MIAX
Miami International Holdings
$3.34Bn
33.87
-0.09%
-16.92%
The company operates multiple regulated financial marketplaces, including four U.S. options exchanges, a U.S. equities exchange, a U.S. futures exchange, and two international securities exchanges. Its primary revenue is generated from transaction fees on trades executed on these exchanges, listing fees, and clearing fees.
INTR
2nd
Inter
$3.31Bn
5.13
+1.79%
-44.66%
The Investments vertical provides a retail brokerage platform allowing individual users to trade stocks in Brazil and the U.S., as well as invest in fixed income and cryptocurrencies.
CBU
2nd
Community Financial System
$3.15Bn
59.88
-1.06%
+1.49%
The Employee Benefit Services segment (BPAS) provides fund administration and transfer agency services for employee benefit trusts and collective investment funds.
TRMK
2nd
Trustmark
$2.63Bn
45.24
-0.83%
+13.81%
The Wealth Management Segment provides institutional custody services for large governmental entities and foundations, earning fees for these custodial activities.
BUSE
2nd
First Busey
$2.44Bn
29.38
-1.28%
+25.02%
The company provides brokerage services to individuals and businesses through Busey Investment Services.
NTB
2nd
Bank of N.T. Butterfield & Son
$2.33Bn
58.44
-0.70%
+36.22%
The company provides specific custody services for asset safeguarding and settlement, as well as trust services for estate and succession planning, earning fee income from these fund services.
HTH
2nd
Hilltop Holdings
$2.15Bn
37.58
-1.47%
+11.51%
The broker dealer segment includes wealth management and retail brokerage services provided to retail clients across the United States.
ETOR
eToro
$2.14Bn
25.68
-0.54%
-38.84%
eToro operates a platform where individual retail investors buy and sell equities, commodities, currencies, and cryptoassets. Its revenue model is based on trading commissions, spreads, and payment for order flow typical of a retail brokerage.
OFG
2nd
Ofg Bancorp
$2.13Bn
50.50
-1.39%
+14.96%
The company's Wealth Management segment includes Oriental Financial Services, which provides securities brokerage services and earns commissions from securities trading.
GABC
2nd
German American Bancorp
$1.83Bn
48.82
-1.07%
+24.22%
Through its subsidiary German American Investment Services, Inc., the company provides retail brokerage services to individual investors and generates commission-based income.
PWP
Perella Weinberg Partners
$1.77Bn
16.37
+11.82%
-24.04%
Perella Weinberg Partners provides strategic and financial advice on mergers and acquisitions, restructuring, and capital raises. Its revenue is primarily generated through advisory fees from these consulting services for corporate and institutional clients.
STBA
2nd
S&T Bancorp
$1.72Bn
48.76
-0.71%
+29.54%
The company offers brokerage services to its clients, generating revenue through brokerage commissions.
LKFN
2nd
Lakeland Financial
$1.44Bn
58.05
-1.21%
-10.62%
The company executes brokerage transactions and earns brokerage commissions, providing individual investors access to securities.
AMAL
2nd
Amalgamated Financial
$1.40Bn
46.85
-0.91%
+71.86%
The company provides institutional trust, custody, asset safekeeping, and fund administration services, including corporate actions and proxy services.
CTBI
2nd
Community Trust Bancorp
$1.35Bn
74.50
-0.96%
+34.02%
The company's subsidiaries provide full-service brokerage services to its customers, generating fee income from these activities.
FETH
2nd
Fidelity Ethereum Fund
$1.28Bn
26.78
+0.68%
-36.04%
The fund's entire business is dedicated to the intermediation and holding of digital assets (ether), providing a regulated pathway for investors to access the cryptocurrency market without direct wallet management.
OPY
Oppenheimer Holdings
$1.27Bn
118.83
-0.98%
+56.66%
Oppenheimer operates as a middle-market investment bank providing strategic advisory for mergers and acquisitions, equity and debt capital markets, and underwriting services. These activities generate revenue through underwriting fees and advisory fees for corporate and government clients.
AMTB
2nd
Amerant Bancorp
$1.14Bn
29.12
-0.68%
+50.65%
The company operates a broker-dealer subsidiary, Amerant Investments Inc., and earns fee-based revenue from brokerage activities.
UVSP
2nd
Univest Financial
$1.14Bn
41.23
-0.89%
+36.70%
The wealth management segment includes broker-dealer services through Girard Investment Services LLC, which generates revenue from commissions on securities transactions for individual and institutional investors.
CCNE
2nd
Cnb Financial
$991.11Mn
33.46
-1.12%
+36.96%
The corporation owns a securities investment subsidiary that earns revenue through securities trading commissions.
CAC
2nd
Camden National
$948.77Mn
56.15
-2.18%
+45.02%
The company operates a brokerage unit via Camden Financial Consultants that executes trades and earns brokerage commissions from individual investors.
SBET
2nd
Sharplink
$943.35Mn
9.46
-0.42%
-45.19%
The company operates an ETH Treasury Management segment that actively manages digital assets, earns staking rewards, and participates in liquid staking and Layer 2 deployments, positioning itself as a digital asset treasury strategy provider.
FDCT
Fdctech
$892.71Mn
2.11
-25.96%
-71.87%
FDCTech operates a Margin Brokerage segment that provides multi-asset trading services, execution, and liquidity solutions for forex, CFDs, equities, and commodities to retail and institutional clients. This activity involves facilitating the buying and selling of securities and derivatives at scale, generating revenue from trading fees and spreads.
VRTS
2nd
Virtus Investment Partners
$870.41Mn
131.43
+1.32%
-31.32%
The company has a dedicated Administration and Support Services segment that provides fund administration, recordkeeping, compliance, and treasury operations for its retail funds and ETFs.
SMBK
2nd
Smartfinancial
$847.40Mn
49.56
-0.44%
+38.32%
The company offers investment services through a contract with Raymond James Financial Services, enabling it to sell non-FDIC insured investment products and earn commission revenue from brokerage and advisory transactions for individual investors.
CCBG
2nd
Capital City Bank
$835.71Mn
48.84
-0.81%
+17.01%
The company offers retail investment products including stocks, bonds, and mutual funds through Capital City Investments in partnership with LPL Financial.
ORRF
2nd
Orrstown Financial Services
$803.90Mn
40.87
-1.47%
+19.99%
The company provides retail brokerage services to individual investors through a third-party arrangement with Cetera Wealth Services LLC.
ALRS
2nd
Alerus Financial
$793.80Mn
31.77
-0.90%
+44.08%
The Wealth segment explicitly provides custody services and fiduciary services, including trust and estate administration, for its clients.
GEMI
Gemini Space Station
$680.65Mn
5.29
+1.73%
-78.61%
The company operates a regulated venue for trading, custody, and settlement of digital assets, serving both retail and institutional customers. Its primary revenue is generated from transaction fees on spot and derivatives trading, as well as fees on assets held in custody.
MSBI
2nd
Midland States Bancorp
$671.31Mn
32.39
-2.35%
+89.42%
The Wealth Management segment offers retail brokerage services to individual investors through a third-party broker-dealer relationship.
VINP
2nd
Vinci Compass Investments
$660.55Mn
9.32
+0.32%
-12.82%
The Corporate Advisory segment provides financial and strategic services, specifically focusing on M&A advisory and pre-IPO capital markets advisory for Brazilian middle-market companies.
PCAP
ProCap Acquisition
$658.94Mn
10.40
+0.19%
+1.96%
ProCap Acquisition Corp is a special purpose acquisition company (SPAC) whose sole purpose is to effect a merger, asset acquisition, or business combination. Its core activity is identifying target businesses and structuring deals to raise capital for a combined entity, which aligns with the advisory and capital-raising functions of investment banking.
PACH
Pioneer Acquisition I
$655.27Mn
10.36
+0.29%
+4.02%
Pioneer Acquisition I is a blank check company (SPAC) formed to effect a merger, asset acquisition, or similar business combination. This activity of identifying targets and executing capital raises/mergers for the purpose of a business combination aligns with the investment banking function of advising on and executing mergers and acquisitions.
TACH
Titan Acquisition
$653.91Mn
10.53
+0.10%
+4.05%
Titan Acquisition Corp. is a blank check company (SPAC) whose sole purpose is to effect a merger, share exchange, or asset acquisition. Its core activity is the identification, structuring, and execution of a business combination, which aligns with the investment banking function of advising on and executing mergers and acquisitions.
POLE
Andretti Acquisition
$632.10Mn
10.71
-0.09%
+1.52%
Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) whose sole purpose is to raise capital via an IPO to effect a merger or acquisition. This activity of raising capital and executing a business combination aligns with the investment banking function of helping companies raise capital and restructure balance sheets.
GSRF
GSR IV Acquisition
$601.64Mn
10.23
+0.00%
—
GSR IV Acquisition Corp. is a special purpose acquisition company (SPAC) whose sole purpose is to effect a merger, asset acquisition, or business combination. Its management leverages a track record in strategic advisory and capital markets to identify, negotiate, and underwrite the acquisition of a target business.
FWDI
2nd
Forward Industries
$591.51Mn
8.01
-0.50%
-69.78%
The company operates a Digital Asset Treasury Business that focuses on acquiring, staking, and deploying Solana tokens, as well as participating in DeFi protocols to generate yield.
RTAC
Renatus Tactical Acquisition Corp I
$525.47Mn
10.43
-0.10%
-5.10%
Renatus Tactical Acquisition Corp I is a SPAC whose exclusive purpose is to effect a merger, asset acquisition, or similar business combination. Its core activity is identifying acquisition targets and structuring a capital raise via an IPO to finance the purchase of another business, which aligns with the investment banking function of advising on and executing mergers and acquisitions.
FMAO
2nd
Farmers & Merchants Bancorp
$478.28Mn
34.71
-0.72%
+33.50%
The company provides investment services to customers through its brokerage division, FM Investment Services, which has been active since 1999.
CEPF
Cantor Equity Partners IV
$462.60Mn
10.28
-0.19%
+0.78%
The company is a blank check company (SPAC) whose sole purpose is to effect a business combination, which involves advising on and executing mergers, acquisitions, and capital raises to take a target public. This activity of structuring a merger or share exchange to result in a publicly listed entity aligns with the core functions of investment banking.
CCAQ
Collective Acquisition
$432.58Mn
10.69
+0.00%
+5.74%
The company is a Special Purpose Acquisition Company (SPAC) whose sole objective is to identify and complete a business combination, merger, or asset acquisition. This activity of raising capital to acquire private businesses and take them public aligns with the investment banking function of advising on and executing mergers, acquisitions, and capital raises.
CD
Chaince Digital Holdings
$431.47Mn
5.92
-9.20%
-69.69%
The company provides investment banking services, specifically financial advisory and securities underwriting for corporate clients seeking to enter US capital markets via IPOs or mergers. These services are delivered through subsidiaries like Chaince Securities, Inc. and Chaince Securities, LLC.
TMS
Teamshares
$404.33Mn
7.74
+0.13%
-23.97%
The company is a special purpose acquisition company (SPAC) whose sole purpose is to effect a business combination, merger, or asset acquisition. Its core activity is identifying acquisition candidates and negotiating transaction terms to raise capital for a target business, which aligns with the advisory and capital-raising functions of investment banking.
CHMG
2nd
Chemung Financial
$392.18Mn
81.34
-0.48%
+54.37%
The company provides brokerage solutions and mutual fund access to its customers through its financial services division.
RDAG
Republic Digital Acquisition
$391.13Mn
10.43
-0.10%
+1.96%
Republic Digital Acquisition is a special purpose acquisition company (SPAC) whose sole purpose is to effect a business combination through mergers, asset acquisitions, or share purchases. This activity of identifying targets and facilitating capital raises to take private companies public aligns with the investment banking function of advising on mergers, acquisitions, and capital raises.
WENN
WEN Acquisition
$390.57Mn
10.41
+0.00%
+2.76%
WEN Acquisition Corp is a blank check company (SPAC) whose sole purpose is to identify and complete a business combination, merger, or asset acquisition. This activity of structuring and executing acquisitions for the purpose of creating a public entity aligns with the investment banking function of advising on and executing mergers, acquisitions, and capital raises.
SDHI
2nd
Siddhi Acquisition Corp (Cayman Islands)
$367.54Mn
10.55
+0.00%
+3.94%
The company's sole purpose is to effect a merger, share exchange, or asset acquisition, which are core investment banking activities. The management team's specific expertise is in mergers, acquisitions, and capital raises to facilitate these business combinations.
BKKT
2nd
Bakkt
$364.53Mn
8.09
+1.25%
-68.34%
The company operates as a venue for digital asset trading and custody, generating revenue from transaction fees on the buy and sell sides of digital asset trades for institutional clients.
CCII
Cohen Circle Acquisition
$357.69Mn
10.31
+0.10%
+1.78%
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to effect a merger, share exchange, or asset acquisition. This activity of identifying targets and executing business combinations to raise capital for a target company aligns with the functions of investment banking and corporate finance advisory.
OYSE
Oyster Enterprises II Acquisition
$352.71Mn
10.40
+0.02%
+3.79%
The company is a Special Purpose Acquisition Company (SPAC) formed for the sole purpose of effecting a merger, asset acquisition, or similar business combination. Its core activity is identifying target businesses and negotiating the terms of a capital raise/acquisition, which aligns with the advisory and underwriting functions of investment banking.
CEPV
Cantor Equity Partners V
$334.94Mn
10.36
+0.00%
—
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to effect a merger, asset acquisition, or similar business combination. This activity of sourcing, structuring, and executing transactions to raise capital for a target business aligns with the core functions of investment banking and corporate finance advisory.
DRDB
Roman DBDR Acquisition
$328.13Mn
10.70
-0.19%
+3.98%
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to effect a merger, asset acquisition, or similar business combination. Its core activity is identifying targets and negotiating terms to take a private company public, which aligns with the investment banking function of advising on capital raises and business combinations.
OACC
Oaktree Acquisition Corp. III Life Sciences
$323.04Mn
10.78
+0.00%
+2.47%
The company is a special purpose acquisition company (SPAC) formed for the sole purpose of effecting a merger, share exchange, or business combination. Its core activity is identifying a target company to take public, which aligns with the investment banking function of advising on and executing capital raises and business combinations.
BNC
CEA Industries
$310.61Mn
5.87
+4.26%
-25.98%
The company's primary business activity and the substantial majority of its assets are focused on its digital asset treasury strategy, specifically acquiring, holding, and managing BNB tokens. It generates revenue through airdrop income and fair value changes of these digital assets, utilizing institutional custodial platforms like Ceffu.
TDAC
Translational Development Acquisition
$310.57Mn
10.85
+0.09%
+4.83%
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to effect a merger, asset acquisition, or business combination. This activity of identifying targets, negotiating deals, and executing capital raises for a business combination aligns with the advisory and underwriting functions of investment banking.
CBNA
2nd
Chain Bridge Bancorp
$310.44Mn
47.31
-0.36%
+43.19%
The bank utilizes its fiduciary powers to provide asset custody services for clients, earning specific custody fees for assets held on their behalf.
XRPN
Armada Acquisition
$296.70Mn
12.90
+22.04%
+23.21%
Armada Acquisition Corp. II is a blank check company (SPAC) whose sole purpose is to effect a merger, asset acquisition, or recapitalization. Its core activity is identifying targets and executing a business combination, which aligns with the investment banking function of advising on and executing mergers and acquisitions.
BACC
2nd
Blue Acquisition
$293.32Mn
10.49
+0.00%
+4.90%
The company is actively engaged in the 'Blockfusion Business Combination,' which involves structuring a merger, negotiating consideration of $450 million in shares, and securing 'Transaction Financings' of at least $100 million, which are core investment banking activities.
TVAI
Thayer Ventures Acquisition
$282.84Mn
10.40
+0.00%
+3.59%
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to effect a merger, share exchange, or asset acquisition to take a target company public. This activity aligns with investment banking functions such as advising on capital raises and facilitating the transition of a private company to a public entity via a business combination.
FUNC
2nd
First United
$280.23Mn
43.42
-0.96%
+18.25%
The firm offers brokerage products and earns revenue through brokerage commissions as part of its wealth management services.
EFTY
2nd
Etoiles Capital
$277.87Mn
15.02
+0.00%
+0.87%
The company provides customized due diligence exercises for acquisition or investment targets, a core component of investment banking advisory services. These services support clients preparing for or already listed on stock exchanges in Hong Kong and the United States.
MTC
2nd
Mmtec
$269.42Mn
5.03
-5.09%
+484.88%
The company explicitly earns income from investment banking activities as part of its business model.
NKSH
2nd
National Bankshares
$269.16Mn
42.25
-0.73%
+42.74%
The company offers non-deposit investment products and securities services to individual customers through a partnership with Osaic, Inc.
SOUL
Soulpower Acquisition
$268.50Mn
10.48
+0.00%
+3.87%
Soulpower Acquisition is a SPAC whose sole purpose is to effect a merger, asset acquisition, or similar business combination. Its core activity is identifying, negotiating, and completing a business combination, which aligns with the investment banking function of advising on and executing mergers and acquisitions.
EFSI
2nd
Eagle Financial Services
$246.77Mn
45.60
-0.68%
+19.34%
The company operates a separate brokerage area within its wealth management division that earns commissions from the sale of investment products and brokerage certificates of deposit.
BMO
2nd
Bank Of Montreal
$240.43Mn
169.58
-0.93%
+30.65%
Through BMO Capital Markets Corp, the company provides investment banking, corporate lending, and equity and debt underwriting services.
HSDT
Solana
$228.10Mn
2.86
+0.70%
-80.15%
The company's primary activity is operating as a digital asset treasury that acquires, holds, and manages Solana tokens (SOL). It generates revenue through staking rewards, institutional lending, and digital-asset treasury management for its shareholders.
ONCH
1RT Acquisition
$222.31Mn
10.31
-0.10%
+0.00%
1RT Acquisition Corp is a blank check company (SPAC) whose sole purpose is to identify and execute a business combination, merger, or asset acquisition. This activity of structuring capital raises and executing acquisitions for the purpose of a business combination aligns with the core functions of investment banking and corporate finance advisory.
RILY
BRC Group Holdings
$197.78Mn
4.92
-10.38%
-19.21%
The company's Capital Markets segment provides investment banking, M&A, restructuring, and capital raising services for small and middle market companies. It earns revenue through advisory fees and underwriting spreads from these activities.
CNCK
2nd
Coincheck
$192.53Mn
1.42
-6.58%
-68.65%
The company operates as a regulated venue for the trading, custody, and settlement of digital assets in the Japanese market, earning revenue from transaction spreads and commissions.
DEFT
2nd
Defi Technologies
$189.06Mn
0.49
+0.00%
-76.78%
The company operates a specialized trading desk (DeFi Alpha) for arbitrage and an OTC desk (Stillman Digital) that provides liquidity services to institutional clients.
NTWO
Newbury Street II Acquisition
$186.64Mn
10.82
-0.09%
+4.44%
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify, negotiate, and execute a merger, amalgamation, or asset acquisition. Its core activity is the structuring and execution of a business combination, which aligns with the investment banking function of advising on and executing mergers and acquisitions.
MRLN
2nd
Merlin
$179.05Mn
1.78
+1.71%
-82.88%
The company's core purpose is to facilitate a business combination that enables a private company to become publicly listed without a traditional IPO, which is a function of underwriting and capital raising advisory typical of investment banking.
NAKA
2nd
Nakamoto
$174.65Mn
9.76
+0.41%
-79.15%
Through its Bitcoin for Corporations advisory unit, the company provides strategic guidance to corporate clients on capital formation and regulatory navigation.
WHG
2nd
Westwood Holdings
$169.13Mn
18.99
-0.84%
+14.95%
The Westwood Trust segment specifically offers custodial services and trust administration for its clients, generating revenue from custody charges.
AUC
ATIF Holdings
$159.32Mn
9.20
-0.86%
-4.47%
ATIF Holdings specializes in helping Chinese enterprises become public companies in overseas markets, specifically listing on the Nasdaq and U.S. OTC markets. It generates its main revenue from 'going public consulting services' and provides a 'one stop service' for capital raises and cross-border listings.
TOP
TOP Financial
$130.05Mn
14.93
-1.32%
+126.21%
The company operates an online brokerage firm providing individual retail investors and corporate clients access to trade equities, futures, and options via platforms like Longbridge. Its primary revenue source is brokerage commissions, with futures brokerage accounting for 55% of total revenue in fiscal year 2025.
WTF
Waton Financial
$125.42Mn
2.60
+6.12%
-59.50%
Waton Financial operates as a securities broker licensed to trade on the Hong Kong and US exchanges, earning revenue from trade execution and margin financing for retail traders and institutional investors.
SUIG
2nd
SUI Group Holdings
$124.42Mn
1.62
+1.25%
-59.90%
The company operates a SUI treasury management business that acquires, stakes, and lends SUI tokens to generate yield. It explicitly competes with firms like MicroStrategy and Sol Strategies by providing publicly traded exposure to digital assets and managing a treasury of over one hundred million tokens.
WSTN
Westin Acquisition
$120.50Mn
10.15
-0.39%
—
Westin Acquisition Corp is a blank check company (SPAC) whose sole purpose is to effect a merger, asset acquisition, or business combination. This activity of identifying targets and executing a capital raise to facilitate a public listing for a private business aligns with the investment banking function of advising on and executing mergers and acquisitions.
SPKL
Spark I Acquisition
$120.17Mn
11.53
-0.26%
-0.77%
Spark I Acquisition is a special purpose acquisition company (SPAC) whose sole objective is to identify and complete a business combination, merger, or asset acquisition. This activity of facilitating a public listing for a private company through a de-SPAC transaction aligns with the investment banking function of helping companies raise capital and restructure their balance sheets.
FOA
2nd
Finance of America Companies
$116.98Mn
13.09
-2.17%
-42.03%
The company operates a FINRA-registered broker-dealer within its Portfolio Management segment to facilitate the sale of loans as whole loans or securitized Home Equity Conversion Mortgage-Backed Securities to institutional investors.
NWPP
2nd
New Peoples Bankshares
$115.34Mn
4.90
+0.00%
+42.86%
The company earns brokerage commissions by providing investment products to customers via a broker-dealer relationship with Osaic Institutions, Inc.
SDCO
SDR Drone
$105.88Mn
1.60
+23.08%
+451.72%
The company focuses on executing large-scale corporate reorganizations, mergers, and restructuring agreements. Its revenue and capital generation are derived from debt restructuring, the exchange of debt for equity, and managing complex financial relationships for institutional stakeholders.
SDEV
2nd
Stablecoin Development
$102.15Mn
3.29
+108.23%
-72.12%
The company maintains custodial arrangements and infrastructure to transact, settle, account for, and safeguard SKY tokens, utilizing regulated custodians like Fireblocks and Kraken to manage these digital assets.
NOEM
CO2 Energy Transition
$101.42Mn
10.58
+0.00%
+3.73%
CO2 Energy Transitions Corp. is a blank check company (SPAC) whose sole purpose is to effect a merger, asset acquisition, or similar business combination. This activity aligns with investment banking functions such as advising on and executing capital raises and business combinations to help private companies access public capital.
UWHR
2nd
Uwharrie Capital
$101.35Mn
14.26
+0.00%
+42.74%
The company engages in securities brokerage activities, producing revenue from transaction-based commissions and advisory fees for retail and institutional clients.
EMPD
Empery Digital
$88.55Mn
3.15
+5.70%
-58.77%
The company operates a 'Digital Asset Treasury Strategy' where it acquires, holds, and trades Bitcoin, generating revenue from short-term Bitcoin put and call contracts. It utilizes institutional-grade custodians for the safekeeping of these digital assets, which is a core activity of the crypto exchange and custody industry.
SIEB
Siebert Financial
$88.37Mn
2.15
-3.59%
-26.12%
The company provides retail brokerage services, including self-directed trading and securities brokerage commissions, serving retail investors and high net worth individuals.
FSHP
Flag Ship Acquisition
$84.21Mn
11.34
+0.18%
+6.48%
Flag Ship Acquisition is a blank check company (SPAC) formed specifically to effect a merger, asset acquisition, or similar business combination. Its core activity is the identification and execution of a capital raise via IPO to facilitate the acquisition of another business, which aligns with the investment banking function of advising on and executing mergers and acquisitions.
APAC
StoneBridge Acquisition
$82.60Mn
10.26
+0.00%
—
StoneBridge Acquisition II Corporation is a blank check company (SPAC) whose primary purpose is to effect a merger, share exchange, or asset acquisition. This activity of identifying targets and facilitating a business combination to take a private company public is the core function of investment banking and capital raising advisory.
FRMM
2nd
Forum Markets
$82.43Mn
4.83
-0.62%
-80.52%
The company operates as a digital asset treasury manager, actively acquiring and deploying ETH to generate yields through native and liquid staking via providers like Coinbase, ether.fi, and Puffer. It manages these digital assets for the purpose of producing protocol-level rewards and participating in DeFi lending and borrowing platforms.
BTCS
2nd
Btcs
$76.20Mn
1.53
-1.29%
-67.99%
The company's Imperium segment engages in decentralized finance (DeFi) operations, including lending, borrowing, and liquidity provision. These activities involve the active management and intermediation of digital assets for returns, which aligns with the business of digital-asset treasury management and DeFi participation.
HDRN
2nd
Hadron Energy
$72.35Mn
1.27
-2.31%
-87.93%
The company provides a 'one stop shop service for becoming public' and leverages its management team's expertise in 'deal sourcing, structuring, and post combination integration' to facilitate capital raises and mergers.
AMTD
Amtd Idea
$64.94Mn
0.72
-1.37%
-37.39%
The company's primary revenue is generated from fee income earned on capital market transactions and advisory services. It provides a one-stop solution for corporate and institutional clients, offering capital market advisory, underwriting, and placement services.
JFU
2nd
9F
$64.75Mn
2.75
-1.43%
+8.27%
Through Metaverse Securities Limited, the company provides internet securities trading and online account opening services to individual investors.
SSEA
Starry Sea Acquisition
$59.63Mn
10.37
+0.19%
+4.43%
Starry Sea Acquisition Corp is a SPAC whose exclusive purpose is to effect a business combination, merger, or asset acquisition. It earns its value and justifies its existence by identifying targets and executing capital raises to facilitate these transactions, which aligns with the advisory and underwriting functions of investment banking.
DOMH
2nd
Dominari Holdings
$58.18Mn
2.40
-3.23%
-66.90%
The company has a dedicated Investment Banking segment providing M&A advice, capital markets underwriting, and debt capital markets solutions to middle market companies.
ICG
2nd
Intchains
$55.25Mn
0.91
+3.41%
-45.83%
The company operates the Goldshell Stake service, providing staking services for Ethereum, Avalanche, Manta, and Conflux to individual and institutional investors, which involves the safekeeping and management of digital assets.
RHNO
Rhino Bitcoin
$53.48Mn
8.01
+0.00%
+300.50%
Rhino Bitcoin operates a platform for the trading, custody, and settlement of digital assets, specifically Bitcoin. It generates revenue from spreads on client exchanges between Bitcoin and USD, as well as fees for custody and settlement services.
MATH
Metalpha Technology Holding
$51.82Mn
1.10
+8.91%
-70.03%
The company's primary revenue (88.8%) comes from digital asset focused wealth management, including the issuance of over-the-counter derivative products based on cryptocurrencies like Bitcoin and Ethereum, and market making services for digital assets.
BKHA
Black Hawk Acquisition
$51.13Mn
12.31
+0.00%
+10.80%
Black Hawk Acquisition Corp is a special purpose acquisition company (SPAC) whose sole purpose is to identify, evaluate, and negotiate a business combination or merger with a target business. This activity of helping a private company access public capital markets through a merger is a core function of investment banking and corporate finance advisory.
IBAC
IB Acquisition
$49.20Mn
11.58
+2.48%
+10.29%
IB Acquisition Corp is a SPAC (blank check company) whose core purpose is to facilitate a merger, share exchange, or asset acquisition. This activity aligns with investment banking functions such as advising on and executing capital raises and business combinations to take a target company public.
AMBR
Amber International Holding
$48.61Mn
1.84
+3.95%
-47.88%
The company's primary focus is digital asset wealth management for institutional investors and high-net-worth individuals, providing OTC trading, execution, and custody-related services. It generates revenue through transaction-based fees and commissions on digital asset products.
COLA
Columbus Acquisition
$47.06Mn
10.47
+0.19%
+2.35%
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to effect a merger, share exchange, or similar business combination. Its core activity is identifying acquisition candidates and negotiating transaction terms to raise capital and take a private business public, which aligns with the investment banking function of advising on and executing mergers and acquisitions.
HGBL
2nd
Heritage Global
$45.03Mn
1.30
-0.76%
-23.98%
The company acts as a broker for charged-off receivable portfolios via National Loan Exchange Inc, earning commissions by connecting lenders (banks, mortgage companies) with buyers of nonperforming loans.
QETA
Quetta Acquisition
$44.26Mn
11.81
+0.00%
+5.64%
Quetta Acquisition is a blank check company (SPAC) whose sole purpose is to effect a merger, asset acquisition, or business combination. This activity of identifying targets and structuring capital raises for a business combination aligns with the advisory and underwriting functions of investment banking.
FGNX
FG Nexus
$42.07Mn
7.50
-3.85%
-74.92%
FG Nexus operates a merchant banking segment that provides strategic, administrative, and regulatory support to SPACs and other clients, earning revenue through advisory services and co-sponsorship fees.
RIBB
Ribbon Acquisition
$41.76Mn
8.33
-2.23%
-18.65%
Ribbon Acquisition Corp. is a special purpose acquisition company (SPAC) whose sole purpose is to effect a merger, share exchange, or asset acquisition. Its core activity is helping a target company raise capital and access public markets through a business combination, which aligns with the investment banking function of advising on mergers and capital raises.
PLUT
Plutus Financial
$38.38Mn
2.50
+18.48%
-28.57%
The company provides underwriting and placing services for IPOs, equity placements, and debt issuances through Plutus Securities Limited. It earns revenue from underwriting and placing commissions and handling fees for IPO subscriptions.
YHNA
2nd
YHN Acquisition I
$35.14Mn
11.19
-0.09%
+6.88%
The company's primary operational goal is to effect a merger, share exchange, or asset acquisition, which are core investment banking activities. It leverages its management team's M&A and capital markets expertise to evaluate and execute the business combination with Mingde Technology Limited.
FLD
Fold Holdings
$29.71Mn
0.54
+5.88%
-85.21%
Fold provides a suite of services for the custody, buying, and selling of bitcoin, utilizing relationships with licensed trust companies like Fortress Trust and BitGo. Its core value proposition is enabling users to accumulate and manage digital assets through a dedicated financial platform.
MDBH
MDB Capital Holdings
$26.47Mn
2.57
+0.78%
-27.61%
The company operates Public Ventures, a self-clearing broker-dealer that earns fees from underwriting and placing securities for micro-cap and small-cap companies, and facilitates their transition to public markets via IPOs.
FOFA
2nd
Family Office Of America
$26.31Mn
0.86
+0.00%
+68.63%
The company explicitly lists investment banking as one of its integrated services and generates revenue through investment banking advisory fees.
AXG
Solowin Holdings
$24.56Mn
0.13
-13.33%
-94.96%
The company generates its primary revenue from commissions and fees on securities trades (equities, bonds, funds, derivatives) executed through its online platform via the Solomon JFZ subsidiary.
ATCH
AtlasClear Holdings
$23.75Mn
0.19
+5.56%
-73.97%
AtlasClear provides custody and fund services, generating recurring revenue from acting as a custodian of customer assets and cash, including asset-based fees and account maintenance. Its target clients are institutional financial services firms such as hedge funds, pension plans, and family offices.
COHN
Cohen
$21.50Mn
9.51
-2.06%
-15.62%
The company operates a boutique investment banking division (CCM) that provides advisory services to corporations and financial sponsors, earning origination, underwriting, and advisory fees. It specifically focuses on capital raises, SPAC advisory, and new issue placements in corporate and securitized products.
BENF
2nd
Beneficient
$20.87Mn
1.41
-0.70%
-51.88%
The company's Ben Custody segment provides trustee and custody services, trust administration, and data management services to trustees and other customers for quarterly fees.
GRAN
Grande
$20.46Mn
0.84
-16.83%
-72.37%
Grande Group provides corporate finance advisory services, IPO sponsorship, and underwriting for companies seeking to list on the Hong Kong Stock Exchange. It earns revenue from advisory fees, milestone-based fees for application submissions, and success-based commissions for M&A and capital raises.
RDAC
Rising Dragon Acquisition
$19.70Mn
5.22
-1.88%
-49.86%
Rising Dragon Acquisition Corp. is a SPAC (blank check company) whose core purpose is to effect a merger or asset acquisition to take a private company public. This activity aligns with investment banking functions such as advising on mergers, acquisitions, and facilitating capital raises for target businesses.
BCG
Binah Capital
$19.45Mn
1.14
-0.87%
-29.19%
The company operates multiple broker-dealers, including World Equity Group and the Purshe Kaplan Sterling and Cabot Lodge entities, which generate revenue through brokerage commissions from individual investors.
GRNQ
2nd
Greenpro Capital
$15.63Mn
8.62
-10.86%
-35.67%
Through its Green-X subsidiary, the company operates a regulated digital asset exchange platform that facilitates Shariah-compliant security token offerings (STOs) and the trading of digital assets.
SUND
2nd
Sundance Strategies
$9.90Mn
0.23
+0.00%
-34.29%
The company provides professional advisory services to bond issuers and structured finance groups, specifically assisting with the selection and structuring of life insurance backed bond offerings for a fee.
FABC
Fabric.AI
$9.48Mn
2.29
-2.97%
-53.83%
StableX focuses on the acquisition, holding, and management of crypto tokens and digital assets within the stablecoin ecosystem. Its core activity is the management of a digital asset treasury targeting tokens that underpin the issuance, transfer, custody, and trading of digital assets.
DSS
2nd
Dss
$7.13Mn
0.71
+2.90%
-49.29%
The Securities and Investment Management segment includes FINRA-registered broker-dealers, DSS Securities, Inc. and Sentinel Brokers Company, which facilitate securities offerings for retail and institutional investors.
NCPL
Netcapital
$6.85Mn
1.22
+12.96%
-48.74%
Netcapital operates a broker-dealer subsidiary and a funding portal that helps early-stage businesses raise capital through Regulation Crowdfunding and Regulation A offerings. It earns revenue from listing fees and success fees based on the amount of capital raised, which is the core activity of investment banking and securities underwriting.
SONM
Dna X
$6.24Mn
4.19
-3.68%
-64.03%
DNA X operates a platform where users buy, sell, and exchange cryptocurrencies, generating revenue primarily from commissions charged on each trade. This matches the description of a crypto exchange and brokerage for digital assets.
MEGL
Magic Empire Global
$5.62Mn
1.11
-0.89%
-26.97%
The company's core business is providing corporate finance advisory services, specifically IPO sponsorship services where they lead and manage the listing process for applicants. They also earn fees from financial advisory and independent financial advisory services, including advising on transaction structures and capital raises.
TWAV
2nd
TaoWeave
$5.50Mn
1.54
-2.53%
-40.54%
The company operates as a vehicle for public market investors to gain exposure to the Bittensor network by accumulating, staking, and managing TAO tokens to generate yield.
LGHL
Lion Group Holding
$4.74Mn
4.51
-21.97%
-99.85%
Lion Group Holding provides a trading platform for individual, affluent Chinese retail investors to trade CFDs, TRS, and OTC options. Its revenue is derived from commissions, bid-ask spreads, and account-related interest, which is characteristic of a retail brokerage model.
APGH
2nd
AleeanPeace Group Holdings
$3.70Mn
0.04
+0.00%
+300.00%
The company acts as a listing sponsor for the Green-X digital asset exchange and provides capital markets support for security token offerings.
LGVT
Longevity Diversified Holdings
$3.61Mn
0.03
+0.00%
+200.00%
The company operates as a public shell company whose sole purpose is to identify and merge with an operating business to create value for shareholders. This activity of facilitating a business combination through the issuance of common stock is a form of capital raising and corporate restructuring, which aligns most closely with the functions of investment banking.
IONI
2nd
I-ON Digital
$3.41Mn
0.10
+0.00%
-87.95%
The company explicitly generates revenue through escrow custodial services and provides tools for the receipt management and reporting of digital assets for financial intermediaries.
AIOS
AIOS Tech
$3.14Mn
13.31
-2.92%
-82.85%
The company's primary revenue driver (59%) is its SME financing segment, where it earns advisory fees for the structuring, issuance, and distribution of financial products like loans and bonds for small and medium enterprises. This activity matches the core of investment banking, which involves helping companies raise capital and manage financial instruments.
HTCR
2nd
HeartCore Enterprises
$2.87Mn
1.99
-4.33%
-87.70%
The company provides specialized advisory services for initial public offerings (IPOs) on the Nasdaq and NYSE, helping clients raise capital and navigate the listing process, which is a core function of investment banking advisory.
FMHS
2nd
Farmhouse
$2.67Mn
0.14
+0.00%
-30.00%
The company manages a digital asset treasury and utilizes institution-grade custody arrangements with BitGo for its Bitcoin and tokenized gold holdings. It engages with cryptocurrency financing and investment platforms to explore digital asset exposure.
WLSS
2nd
Welsis
$1.65Mn
0.60
+0.00%
-82.86%
The company operates TokenTraders.net, a crypto exchange site that enables users to trade cryptocurrencies and store them in a built-in wallet. It generates revenue from transaction fees on cryptocurrency trades executed through this platform.
FTFT
2nd
Future FinTech
$1.44Mn
3.77
-10.02%
-97.27%
The Brokerage and Investment Banking Services segment earns underwriting fees for Hong Kong IPOs and U.S. dollar-denominated bonds, as well as advisory fees for corporate clients.
GSIW
Garden Stage
$845.31K
10.82
-16.77%
-61.08%
Garden Stage provides underwriting and placing services, acting as a book runner and lead manager for issuers seeking listings on the Hong Kong Stock Exchange. It earns revenue through underwriting and placing commissions from these fundraising activities.
HSTA
2nd
Hestia Insight
$838.18K
0.03
+0.00%
-40.00%
The company provides capital markets advisory services, specifically guiding clients through the fundraising lifecycle, including investor outreach, preparing pitch decks, and due diligence support for raising capital.
BTMCQ
Bitcoin Depot
$317.29K
0.02
+0.00%
—
Bitcoin Depot operates a network of Bitcoin ATMs and the BDCheckout product that enable customers to buy and sell digital assets. Its primary revenue is derived from transaction fees charged for intermediating the purchase of Bitcoin for users.
RDGA
Ridgefield Acquisition
$278.61K
0.01
+0.00%
+0.00%
The company operates as a 'blank check' shell entity whose sole objective is to identify and combine with a private operating company through a merger or acquisition. This activity of facilitating access to public capital markets for a target business aligns with the core functions of investment banking and capital raising.
GPLB
Green Planet Bio Engineering
$200.06K
0.01
+0.00%
-75.00%
The company operates as a public shell corporation whose sole purpose is to acquire or merge with an existing business operation. This activity of seeking and completing a business combination is a core function of investment banking and corporate finance advisory, as it involves the restructuring and capital raising necessary for a merger.
DCX
2nd
Digital Currency X Technology
$52.74K
3.61
-42.70%
-98.23%
The company's business model includes digital asset management and the pursuit of staking rewards, which aligns with the activities of digital-asset treasury managers and custodians described in this industry.
CSHR
2nd
CoinShares
$525.00
5.00
-2.34%
—
The company earns income from staking rewards and other yield generating strategies associated with digital assets, which are core activities of digital-asset treasury and service providers.
ABIT
Athena Bitcoin Global
$0.00
0.00
—
-100.00%
Athena Bitcoin Global operates a network of Bitcoin ATMs and an over-the-counter desk (Athena Plus) used for the trading, buying, and selling of digital assets. Its primary revenue is derived from transaction fees and markups on Bitcoin exchange for retail and institutional customers.
EEGI
Eline Entertainment
$0.00
0.00
—
—
Eline Entertainment is a blank check company (SPAC) whose sole purpose is to raise capital to acquire operating companies. This activity of facilitating capital raises and corporate acquisitions aligns with the core functions of investment banking, specifically in the context of M&A and capital structure.
GROO
2nd
Groovy Company
$0.00
0.00
-100.00%
-100.00%
The company manages the issuance and custody of ST22 Security Tokens, which are backed by shares held in custody by an SEC-registered transfer agent. This operational framework for perpetual custody of underlying shares constitutes a substantive fund services activity.
LDSN
Aphoenity International Holdings
$0.00
0.00
—
—
The company provides strategic advisory services to help corporate clients access global capital markets, specifically focusing on facilitating capital raising activities and listings on major exchanges. It earns revenue through consulting fees for corporate structuring, financial market navigation, and guidance on public listings.
