Because of Wall Street, New York state is the center of the financial universe. As such, it should come as little surprise that megabanks headquartered there, such as JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C), rule the roost.

But there is more to the state than the titans of Wall Street, evidenced by the success of Buffalo-headquartered M&T Bank Corp (NYSE:MTB). In the video below, Motley Fool contributor Jay Jenkins takes a look at the state to determine which institutions are winning market share from Manhattan to Niagara Falls.

Fool contributor Jay Jenkins has no position in any stocks mentioned. The Motley Fool owns shares of Citigroup and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.