J.P. Morgan, U.S. Bancorp and Wells Fargo Among T. Rowe Price’s Top Financial Stocks in Q3

Wall St. Watchdog reveals information regarding T. Rowe Price Associates, Inc.’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 450 stocks in the Financial sector at the end of the quarter with an aggregate market value of $32.341 billion.

  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011, T. Rowe Price Associates, Inc. reported holding 93,698,608 shares with a market value of $3,836,020,883. This comprised 1.22% of the total portfolio. On 09/30/2011, T. Rowe Price Associates, Inc. reported holding 89,331,706 shares with a market value of $2,690,671,060. This comprised 1.03% of the total portfolio. The net change in shares for this position over the two quarters is -4,366,902. About Company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • U.s. Bancorp (NYSE:USB): On 06/30/2011, T. Rowe Price Associates, Inc. reported holding 72,733,641 shares with a market value of $1,855,435,199. This comprised 0.59% of the total portfolio. On 09/30/2011, T. Rowe Price Associates, Inc. reported holding 79,267,764 shares with a market value of $1,865,963,237. This comprised 0.72% of the total portfolio. The net change in shares for this position over the two quarters is 6,534,123. About Company: U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.
  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011, T. Rowe Price Associates, Inc. reported holding 72,023,622 shares with a market value of $2,020,982,795. This comprised 0.65% of the total portfolio. On 09/30/2011, T. Rowe Price Associates, Inc. reported holding 75,755,810 shares with a market value of $1,827,230,201. This comprised 0.7% of the total portfolio. The net change in shares for this position over the two quarters is 3,732,188. About Company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.
  • American Express Company (NYSE:AXP): On 06/30/2011, T. Rowe Price Associates, Inc. reported holding 39,517,072 shares with a market value of $2,043,032,653. This comprised 0.65% of the total portfolio. On 09/30/2011, T. Rowe Price Associates, Inc. reported holding 39,113,173 shares with a market value of $1,756,181,527. This comprised 0.68% of the total portfolio. The net change in shares for this position over the two quarters is -403,899. About Company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.
  • Franklin Resources Inc. (NYSE:BEN): On 06/30/2011, T. Rowe Price Associates, Inc. reported holding 16,798,876 shares with a market value of $2,205,524,317. This comprised 0.7% of the total portfolio. On 09/30/2011, T. Rowe Price Associates, Inc. reported holding 15,476,398 shares with a market value of $1,480,162,695. This comprised 0.57% of the total portfolio. The net change in shares for this position over the two quarters is -1,322,478. About Company: Franklin Resources, Inc. provides investment advisory services to mutual fund, retirement, institutional/separate accounts and high net worth investors. The Company manages various asset classes including domestic, international/global and emerging markets equity, domestic, international and municipal fixed income, money funds, alternative investments, and hedge funds.
  • Intercontinentalexchange Inc. (NYSE:ICE): On 06/30/2011, T. Rowe Price Associates, Inc. reported holding 7,351,677 shares with a market value of $916,827,632. This comprised 0.29% of the total portfolio. On 09/30/2011, T. Rowe Price Associates, Inc. reported holding 7,443,887 shares with a market value of $880,314,093. This comprised 0.34% of the total portfolio. The net change in shares for this position over the two quarters is 92,210. About Company: IntercontinentalExchange Inc. operates global commodity and financial products marketplaces. The Company operates electronic energy markets and soft commodity exchanges as well. ICE offers access to contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including cocoa, coffee, cotton, orange juice, and sugar.
  • Aon Corporation (NYSE:AON): On 06/30/2011, T. Rowe Price Associates, Inc. reported holding 19,704,539 shares with a market value of $1,010,842,836. This comprised 0.32% of the total portfolio. On 09/30/2011, T. Rowe Price Associates, Inc. reported holding 20,353,148 shares with a market value of $854,425,144. This comprised 0.33% of the total portfolio. The net change in shares for this position over the two quarters is 648,609. About Company: Aon Corporation is an insurance services holding company. The Company is comprised of risk and insurance brokerage consulting. Aon’s services include helping manage risk for clients, negotiating and placing insurance risk with other carriers, and advicing clients related to health and benefits, retirement, compensation, strategic human capital, and human resource outsourcing.
  • Marsh & Mclennan Companies Inc. (NYSE:MMC): On 06/30/2011, T. Rowe Price Associates, Inc. reported holding 30,633,872 shares with a market value of $955,470,484. This comprised 0.31% of the total portfolio. On 09/30/2011, T. Rowe Price Associates, Inc. reported holding 31,456,747 shares with a market value of $835,176,609. This comprised 0.32% of the total portfolio. The net change in shares for this position over the two quarters is 822,875. About Company: Marsh & McLennan Companies, Inc. is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. Marsh & McLennan offers analysis, advice, and transactional capabilities to clients worldwide
  • The Goldman Sachs Group Inc. (NYSE:GS): On 06/30/2011, T. Rowe Price Associates, Inc. reported holding 7,468,229 shares with a market value of $993,946,570. This comprised 0.32% of the total portfolio. On 09/30/2011, T. Rowe Price Associates, Inc. reported holding 8,206,135 shares with a market value of $775,890,089. This comprised 0.3% of the total portfolio. The net change in shares for this position over the two quarters is 737,906. About Company: The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.
  • Bank Of America Corporation (NYSE:BAC): On 06/30/2011, T. Rowe Price Associates, Inc. reported holding 106,204,211 shares with a market value of $1,163,998,157. This comprised 0.37% of the total portfolio. On 09/30/2011, T. Rowe Price Associates, Inc. reported holding 104,297,354 shares with a market value of $638,299,795. This comprised 0.25% of the total portfolio. The net change in shares for this position over the two quarters is -1,906,857. About Company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.

(Note: Data regarding T. Rowe Price Associates, Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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