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
{{Infobox company
| name = JPMorgan Chase & Co.
| name = JPMorgan Chase & Co.
| logo = [[File:JPMorgan Chase logo.svg|200px]]
| logo = [[File:JPMorgan Chase logo.svg|200px]]
| type = Public
| type = [[Public company|Public]]
| traded_as = {{NYSE|JPM}}
| traded_as = {{NYSE|JPM}}
| industry = Financial services
| industry = [[Financial services]]
| founded = 2000
| founded = 2000
| headquarters = [[New York City]], [[New York (state)|New York]], [[United States]]
| headquarters = [[New York City]], [[New York (state)|New York]], [[United States]]
| key_people = [[Jamie Dimon]] (Chairman & CEO)
| key_people = [[Jamie Dimon]] (Chairman & CEO)
| products = Asset management, investment banking, private banking, private wealth management, treasury and securities services
| products = [[Asset management]], [[Investment banking]], [[Private banking]], [[Retail banking]], [[Wealth management]]
| revenue = {{increase}} $119.54 billion (2022)
| revenue = {{Increase}} $119.54 billion (2020)
| net_income = {{increase}} $48.33 billion (2022)
| net_income = {{Increase}} $29.13 billion (2020)
| assets = {{increase}} $3.67 trillion (2022)
| assets = {{Increase}} $3.386 trillion (2020)
| equity = {{increase}} $294.12 billion (2022)
| equity = {{Increase}} $256.51 billion (2020)
| num_employees = 293,723 (2022)
| num_employees = 255,351 (2020)
| website = {{URL|https://www.jpmorganchase.com}}
| website = [https://www.jpmorganchase.com 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.
'''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 ==
== 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 ===
== Operations ==
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.
JPMorgan Chase operates in four major business segments:


=== 20th Century ===
* [[Consumer & Community Banking]]
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.
* [[Corporate & Investment Bank]]
* [[Commercial Banking]]
* [[Asset & Wealth Management]]


== Business Segments ==
== Key People ==
JPMorgan Chase operates through four major business segments:
The current Chairman and CEO is [[Jamie Dimon]], who has been in this role since 2005.


=== Consumer & Community Banking ===
== Products and Services ==
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 offers a wide range of financial services, including:


=== Corporate & Investment Bank ===
* [[Asset management]]
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.
* [[Investment banking]]
* [[Private banking]]
* [[Retail banking]]
* [[Wealth management]]


=== Commercial Banking ===
== Corporate Social Responsibility ==
This segment provides comprehensive financial solutions, including lending, treasury services, investment banking, and asset management to middle-market and small businesses.
JPMorgan Chase is involved in various [[corporate social responsibility]] initiatives, focusing on [[sustainability]], [[community development]], and [[financial literacy]].


=== Asset & Wealth Management ===
== See Also ==
The Asset & Wealth Management segment offers investment management across all major asset classes, including equities, fixed income, alternatives, and money market funds.
* [[List of largest banks in the United States]]
 
* [[List of largest banks in the world]]
== Corporate Governance ==
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.
 
== Controversies ==
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.
 
== Also see ==
* [[Bank of America]]
* [[Citigroup]]
* [[Goldman Sachs]]
* [[Morgan Stanley]]
* [[Wells Fargo]]


== References ==
== References ==
{{reflist}}
{{Reflist}}


== External links ==
== 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]]

Revision as of 04:36, 29 December 2024

JPMorgan Chase & Co.

[[File:File:JPMorgan Chase logo.svg|200px|alt=]]

TypePublic
Traded asNYSE: JPM
Key peopleJamie Dimon (Chairman & CEO)
IndustryFinancial services
ProductsAsset management, Investment banking, Private banking, Retail banking, Wealth management
RevenueIncrease $119.54 billion (2020)
Net incomeIncrease $29.13 billion (2020)
AssetsIncrease $3.386 trillion (2020)
EquityIncrease $256.51 billion (2020)
Employees255,351 (2020)
Website[jpmorganchase.com Official website]



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

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

JPMorgan Chase operates in four major business segments:

Key People

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

Products and Services

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

Corporate Social Responsibility

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

See Also

References

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External Links

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