The Banks, payments & capital markets value chain: 29 U.S. stocks in 6 segments
Every U.S.-listed company Sectivia tracks in the Banks, payments & capital markets value chain, grouped by segment from upstream suppliers to downstream customers, with 51 mapped supplier-to-customer links and today's numbers.
The path money takes through the fees: from deposit banks and investment banks across the payment rails (Visa, Mastercard) to exchanges, credit ratings and asset managers. See who earns every time money moves. Companies are grouped by their role in the chain; click a card for the full profile.
Today
The Finance chain in numbers, from the latest close.
Data as of September 17, 2026 · updates daily after U.S. close
Banks6 companies
Consumer and commercial banks that take deposits and make loans, the foundation of the system.
Chase branches and cards sit under the same roof as a top-tier investment bank and an asset and wealth management arm, and no U.S. bank holds more assets.
Its retail deposit base is vast, which makes earnings move with interest rates more than most.
Years under a regulatory asset cap left this large U.S. retail and commercial bank rebuilding.
Treasury and trade services for multinational corporations is this global bank's strongest franchise; branded cards and consumer banking sit beside it.
A payments business of real size sits alongside conventional deposits and loans here, unusual among U.S. regional banks.
Commercial and consumer lending funded by deposits, with almost no trading desk.
Investment banking & trading2 companies
Advisory, underwriting and market-making for companies and institutions.
Wealth and asset management now anchor the earnings of what began as a markets and advisory house.
Deal advice and underwriting on one side, trading on the other, with asset and wealth management a growing third leg.
Payment rails & networks6 companies
The networks and processors that take a fee every time a card is swiped, the fee engine.
Visa lends nothing.
The second card network, in a near-duopoly with Visa.
Network and issuer are the same company here, so American Express collects merchant fees and cardholder interest both, and keeps the customer relationship from end to end.
Online checkout is the core, with Venmo for peer-to-peer transfers and Braintree processing behind other companies' payments.
Card transactions processed for banks, and the Clover terminals on shop counters.
Merchant acquiring: getting payments accepted and managed across every channel a business sells through.
Brokers & fintech5 companies
Brokers, trading apps and crypto platforms where investors and consumers access the market.
Trillions in client assets sit on its brokerage and custody platform.
Built for active and professional traders who want cheap access to markets around the world.
Commission-free trading on a phone brought a younger cohort of investors in.
Trading fees on the biggest crypto exchange in the United States, plus a growing tail of custody, staking and stablecoin income.
Two products carry the company: Square, which takes payments for merchants, and Cash App, which handles consumer money.
Exchanges & market data6 companies
The exchanges, index owners and ratings agencies that run, and price, the markets.
Credit ratings on the bonds companies issue are one revenue stream.
Where interest-rate, equity, energy and commodity risk gets hedged, on the largest derivatives exchange there is.
The New York Stock Exchange belongs to ICE, and so do global derivatives markets, a large mortgage-technology arm and a fixed-income data business.
When a company borrows, Moody's rates the debt; it and S&P split that market between them.
Running the Nasdaq stock market is now only part of it.
ETFs and index funds track MSCI's global equity benchmarks and pay to do so.
Asset & alternative managers4 companies
The managers that invest other people’s money, from ETFs to private equity and credit.
iShares made BlackRock the largest asset manager anywhere, with trillions under management and fees charged against that balance.
Real estate and private equity are the historic core, with credit and infrastructure added since; no alternative-asset manager is bigger.
A buyout firm that has spent years widening out, into credit, infrastructure and the Global Atlantic insurance business.
Athene's retirement liabilities give Apollo long-dated money, and Apollo lends it out.
How the chain fits together
Sectivia has mapped 51 supplier-to-customer relationships between the 29 companies in this chain, 4 of them between companies in the same segment. The densest link runs from Payment rails & networks to Banks: 13 mapped relationships. The most connected company is S&P Global (SPGI), with 9 customers in the map.