JPMorgan Chase: Difference between revisions

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[[File:Logo of JPMorganChase 2024.svg|thumb]] [[File:JPMorgan Chase.svg|thumb]] [[File:J P Morgan Logo 2008 1.svg|thumb]] [[File:Chase logo pre historical.jpg|thumb]] {{Infobox company
'''JPMorgan Chase & Co.''' is an American [[multinational]] [[investment bank]] and [[financial services]] holding company headquartered in [[New York City]]. It is the largest bank in the [[United States]] and the largest bank in the world by [[market capitalization]].
| name = JPMorgan Chase & Co.
| logo = [[File:JPMorgan Chase logo.svg|200px]]
| type = Public
| traded_as = {{NYSE|JPM}}
| industry = Financial services
| founded = 2000
| headquarters = [[New York City]], [[New York (state)|New York]], [[United States]]
| key_people = [[Jamie Dimon]] (Chairman & CEO)
| products = Asset management, investment banking, private banking, private wealth management, treasury and securities services
| revenue = {{increase}} $119.54 billion (2022)
| net_income = {{increase}} $48.33 billion (2022)
| assets = {{increase}} $3.67 trillion (2022)
| equity = {{increase}} $294.12 billion (2022)
| num_employees = 293,723 (2022)
| website = {{URL|https://www.jpmorganchase.com}}
}}
 
'''JPMorgan Chase & Co.''' is an American multinational investment bank and financial services holding company headquartered in [[New York City]]. It is the largest bank in the [[United States]] and the largest bank in the world by market capitalization. As of 2022, JPMorgan Chase is ranked by [[S&P Global]] as the largest bank in the United States and the seventh largest bank in the world by total assets.


== History ==
== History ==
JPMorgan Chase was formed in 2000, when [[Chase Manhattan Corporation]] merged with [[J.P. Morgan & Co.]]. The company's history, however, dates back to 1799, with the founding of the [[Bank of the Manhattan Company]]. Over the years, JPMorgan Chase has grown through a series of mergers and acquisitions, including the acquisition of [[Bear Stearns]] in 2008 and [[Washington Mutual]] in 2008.
JPMorgan Chase was formed in 2000, when [[Chase Manhattan Corporation]] merged with [[J.P. Morgan & Co.]] The company has a rich history that dates back to 1799, with the founding of [[The Manhattan Company]].
 
=== Early History ===
The origins of JPMorgan Chase can be traced back to the [[Bank of the Manhattan Company]], which was founded in 1799 by [[Aaron Burr]]. The bank was initially established to provide clean water to the city of New York, but it quickly evolved into a financial institution.
 
=== 20th Century ===
In the 20th century, the company expanded through a series of mergers, including the merger of [[Chase National Bank]] and [[The Manhattan Company]] in 1955 to form [[Chase Manhattan Bank]]. In 2000, Chase Manhattan merged with J.P. Morgan & Co., a leading investment bank, to form JPMorgan Chase & Co.
 
== Business Segments ==
JPMorgan Chase operates through four major business segments:


=== Consumer & Community Banking ===
== Operations ==
This segment provides services to consumers and businesses through bank branches, ATMs, online, mobile, and telephone banking. It offers deposit and investment products, cash management, payment solutions, and lending services.
JPMorgan Chase operates in four major business segments:


=== Corporate & Investment Bank ===
* [[Consumer & Community Banking]]
The Corporate & Investment Bank segment provides investment banking, market-making, prime brokerage, and treasury and securities products and services to corporations, investors, financial institutions, and governments.
* [[Corporate & Investment Bank]]
* [[Commercial Banking]]
* [[Asset & Wealth Management]]


=== Commercial Banking ===
== Key People ==
This segment provides comprehensive financial solutions, including lending, treasury services, investment banking, and asset management to middle-market and small businesses.
The current Chairman and CEO is [[Jamie Dimon]], who has been in this role since 2005.


=== Asset & Wealth Management ===
== Products and Services ==
The Asset & Wealth Management segment offers investment management across all major asset classes, including equities, fixed income, alternatives, and money market funds.
JPMorgan Chase offers a wide range of financial services, including:


== Corporate Governance ==
* [[Asset management]]
JPMorgan Chase is governed by a board of directors, which is responsible for overseeing the company's management and business affairs. The board is led by [[Jamie Dimon]], who serves as both Chairman and CEO.
* [[Investment banking]]
* [[Private banking]]
* [[Retail banking]]
* [[Wealth management]]


== Controversies ==
== Corporate Social Responsibility ==
JPMorgan Chase has been involved in several controversies, including legal issues related to mortgage-backed securities, trading losses, and regulatory fines. The company has paid billions in fines and settlements over the years.
JPMorgan Chase is involved in various [[corporate social responsibility]] initiatives, focusing on [[sustainability]], [[community development]], and [[financial literacy]].


== Also see ==
== See Also ==
* [[Bank of America]]
* [[List of largest banks in the United States]]
* [[Citigroup]]
* [[List of largest banks in the world]]
* [[Goldman Sachs]]
* [[Morgan Stanley]]
* [[Wells Fargo]]


== References ==
== External Links ==
{{reflist}}
 
== External links ==
* [https://www.jpmorganchase.com Official website]
* [https://www.jpmorganchase.com Official website]


{{Financial services companies of the United States}}
{{DEFAULTSORT:JPMorgan Chase}}
{{Banks of the United States}}
[[Category:Financial services companies of the United States]]
 
[[Category:Banks based in New York City]]
[[Category:Banks based in New York City]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Financial services companies established in 2000]]
[[Category:American companies established in 2000]]
[[Category:Investment banks in the United States]]
[[Category:Multinational companies headquartered in the United States]]
{{nt}}
== JPMorgan Chase gallery ==
<gallery>
File:Logo of JPMorganChase 2024.svg|Logo of JPMorganChase 2024
File:270 Park Avenue Photomontage Day.jpg|270 Park Avenue Photomontage Day
File:JPMorgan Chase.svg|JPMorgan Chase
File:J P Morgan Logo 2008 1.svg|J P Morgan Logo 2008
File:Chase logo pre historical.jpg|Chase logo pre historical
File:JP Morgan logo.jpg|JP Morgan logo
File:Banking Influence in Large Corporations, 1914.jpg|Banking Influence in Large Corporations, 1914
File:Wallstreetbmb.jpg|Wallstreetbmb
File:Bank One logo.png|Bank One logo
File:Bear Stearns Logo.svg|Bear Stearns Logo
</gallery>

Latest revision as of 05:41, 3 March 2025

JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. It is the largest bank in the United States and the largest bank in the world by market capitalization.

History[edit]

JPMorgan Chase was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co. The company has a rich history that dates back to 1799, with the founding of The Manhattan Company.

Operations[edit]

JPMorgan Chase operates in four major business segments:

Key People[edit]

The current Chairman and CEO is Jamie Dimon, who has been in this role since 2005.

Products and Services[edit]

JPMorgan Chase offers a wide range of financial services, including:

Corporate Social Responsibility[edit]

JPMorgan Chase is involved in various corporate social responsibility initiatives, focusing on sustainability, community development, and financial literacy.

See Also[edit]

External Links[edit]

JPMorgan Chase gallery[edit]