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[[file:J_P_Morgan_Chase_Logo_2008_1.svg|thumb|J P Morgan Chase Logo 2008 1]] [[file:270_Park_Avenue_8_may_2024.jpg|thumb|270 Park Avenue 8 may 2024|left]] [[file:JPMorgan_Chase.svg|thumb|JPMorgan Chase]] [[file:J_P_Morgan_Logo_2008_1.svg|thumb|J P Morgan Logo 2008 1|left]] [[file:Chase_logo_pre_historical.jpg|thumb|Chase logo pre historical]] [[file:JP_Morgan_logo.jpg|thumb|JP Morgan logo]] {{short description|American multinational investment bank and financial services holding company}}
[[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 = JPMorgan Chase logo.svg
| logo = [[File:JPMorgan Chase logo.svg|200px]]
| logo_size = 250px
| type = Public
| type = [[Public company|Public]]
| traded_as = {{NYSE|JPM}}
| traded_as = {{NYSE|JPM}}
| ISIN = US46625H1005
| industry = Financial services
| industry = [[Financial services]]
| founded = 2000
| founded = {{Start date and age|2000|12|01}}
| headquarters = [[New York City]], [[New York (state)|New York]], [[United States]]
| headquarters = [[New York City]], [[New York (state)|New York]], [[United States]]
| area_served = Worldwide
| key_people = [[Jamie Dimon]] (Chairman & CEO)
| key_people = [[Jamie Dimon]] (Chairman & CEO)
| products = [[Asset management]], [[Investment banking]], [[Private banking]], [[Retail banking]], [[Wealth management]]
| products = Asset management, investment banking, private banking, private wealth management, treasury and securities services
| revenue = {{Increase}} $119.54 billion (2020)
| revenue = {{increase}} $119.54 billion (2022)
| operating_income = {{Increase}} $48.34 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}} $279.35 billion (2020)
| num_employees = 293,723 (2022)
| num_employees = 255,351 (2020)
| website = {{URL|https://www.jpmorganchase.com}}
| 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 a major provider of various financial services, it is considered a [[universal bank]] and a [[custodian bank]]. The firm is a leading player in [[investment banking]], [[financial services for consumers and small businesses]], [[commercial banking]], [[financial transaction processing]], and [[asset management]].
'''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 dates back to 1799 with the founding of [[The Manhattan Company]] by [[Aaron Burr]]. Over the years, the firm has grown through numerous mergers and acquisitions, including the acquisition of [[Bank One Corporation]] in 2004 and [[Bear Stearns]] in 2008.
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.


== Operations ==
=== Early History ===
JPMorgan Chase operates in four major business segments:
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.
* [[Consumer & Community Banking]]
 
* [[Corporate & Investment Bank]]
=== 20th Century ===
* [[Commercial 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.
* [[Asset & Wealth Management]]
 
== Business Segments ==
JPMorgan Chase operates through four major business segments:


=== Consumer & Community Banking ===
=== Consumer & Community Banking ===
This segment provides services such as [[retail banking]], [[credit cards]], [[mortgages]], and [[auto loans]]. It operates under the Chase brand.
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.


=== Corporate & Investment Bank ===
=== Corporate & Investment Bank ===
This segment offers services including [[investment banking]], [[market making]], [[prime brokerage]], and [[treasury and securities services]].
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.


=== Commercial Banking ===
=== Commercial Banking ===
This segment provides financial services to businesses, including [[lending]], [[treasury services]], [[investment banking]], and [[asset management]].
This segment provides comprehensive financial solutions, including lending, treasury services, investment banking, and asset management to middle-market and small businesses.


=== Asset & Wealth Management ===
=== Asset & Wealth Management ===
This segment offers investment management across all major asset classes, including [[equities]], [[fixed income]], [[alternatives]], and [[money market funds]].
The Asset & Wealth Management segment offers investment management across all major asset classes, including equities, fixed income, alternatives, and money market funds.
 
== 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.


== Leadership ==
== Controversies ==
The current Chairman and CEO of JPMorgan Chase is [[Jamie Dimon]], who has held the position since 2005. Under his leadership, the company has navigated through the [[financial crisis of 2007–2008]] and has continued to grow its market presence.
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.


== Corporate Social Responsibility ==
== Also see ==
JPMorgan Chase is involved in various [[corporate social responsibility]] initiatives, including community development, [[philanthropy]], and [[sustainability]] efforts. The firm has committed significant resources to support economic growth and community development in underserved areas.
* [[Bank of America]]
* [[Citigroup]]
* [[Goldman Sachs]]
* [[Morgan Stanley]]
* [[Wells Fargo]]


== Controversies ==
== References ==
JPMorgan Chase has faced several controversies over the years, including legal issues related to [[mortgage-backed securities]] during the financial crisis, [[trading losses]] in the [[London Whale]] incident, and various regulatory fines.
{{reflist}}


== See also ==
== External links ==
* [[List of largest banks in the United States]]
* [https://www.jpmorganchase.com Official website]
* [[List of largest banks in the world]]
* [[Financial services in the United States]]
* [[Investment banking in the United States]]


== Related pages ==
{{Financial services companies of the United States}}
* [[Jamie Dimon]]
{{Banks of the United States}}
* [[Chase Bank]]
* [[Bear Stearns]]
* [[Bank One Corporation]]
* [[Financial crisis of 2007–2008]]


[[Category:Banks based in New York City]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Financial services companies established in 2000]]
[[Category:Investment banks in the United States]]
[[Category:Investment banks in the United States]]
[[Category:Financial services companies based in New York City]]
[[Category:Banks established in 2000]]
[[Category:American companies established in 2000]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Multinational companies headquartered in the United States]]
{{Banking-stub}}

Revision as of 15:29, 9 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, private wealth management, treasury and securities services
RevenueIncrease $119.54 billion (2022)
Net incomeIncrease $48.33 billion (2022)
AssetsIncrease $3.67 trillion (2022)
EquityIncrease $294.12 billion (2022)
Employees293,723 (2022)
Website[https://www.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. 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

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.

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

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.

Corporate & Investment Bank

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.

Commercial Banking

This segment provides comprehensive financial solutions, including lending, treasury services, investment banking, and asset management to middle-market and small businesses.

Asset & Wealth Management

The Asset & Wealth Management segment offers investment management across all major asset classes, including equities, fixed income, alternatives, and money market funds.

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

References

<references group="" responsive="1"></references>


External links

Template:Financial services companies of the United States Template:Banks of the United States

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