Official Name: JPMorgan Chase & Co.
Headquarters: New York, NY, United States
Founded: December 1, 2000
CEO: Mr. James Dimon
USD as of April 1, 2022
JPMorgan Chase & Co. is a multinational investment bank and financial services company headquartered in New York City. With origins dating back to 1799, JPMorgan Chase has become one of the world's largest universal banks operating worldwide. It is involved in retail and commercial as well as in investment banking, asset management, private banking, private wealth management, and treasury services.
|Company||Market Cap (USD)|
|Bank of America||$350.84 B|
|Wells Fargo||$200.01 B|
|China Construction Bank||$189.37 B|
|China Merchants Bank||$185.98 B|
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; payments and cross-border financing; and cash and derivative instruments, risk management solutions, prime brokerage, and research. This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small business, large and midsized companies, local governments, and nonprofit clients; and commercial real estate banking services to investors, developers, and owners of multifamily, office, retail, industrial, and affordable housing properties. The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; and retirement products and services, brokerage, custody, trusts and estates, loans, mortgages, deposits, and investment management products. The company also provides ATM, online and mobile, and telephone banking services. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of December 31, 2021, JPMorgan Chase is the largest bank in the United States, the world's largest bank by market capitalization, and the fifth-largest bank in the world in terms of total assets, with total assets of US$3.831 trillion. As a "Bulge Bracket" bank, it is a major provider of various investment banking and financial services. As of 2021 it is the largest lender to the fossil fuel industry in the world. It is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo. JPMorgan Chase is considered to be a universal bank and a custodian bank. The J.P. Morgan brand is used by the investment banking, asset management, private banking, private wealth management, and treasury services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States and United Kingdom, and commercial banking. Both the retail and commercial bank and the bank's corporate headquarters are currently located at 383 Madison Avenue in Midtown Manhattan, New York City, since the prior headquarters building directly across the street, 270 Park Avenue, was demolished and a larger replacement headquarters is being built on the same site. It is considered a systemically important bank by the Financial Stability Board. The current company was originally known as Chemical Bank, which acquired Chase Manhattan and assumed that company's name. The present company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.
Source: Wikipedia, retrieved on March 31, 2022, 9 p.m.
financial services, asset management, capital market services, commercial banking, credit cards, insurance, investment banking, investment capital, investment management, private banking, private equity, retail banking, wealth management
Founder(s): Aaron Burr (The Bank of the Manhattan Company) Balthazar P. Melick (Chemical Bank) John Pierpont Morgan (J. P. Morgan & Co.) John Thompson (Chase National Bank)
Jamie Dimon (Chairman & CEO) Daniel E. Pinto (President & COO)
Revenue: US$121.65 billion (2021)
Operating income: US$59.562 billion (2021)
Net income: US$48.3 billion (2021)
Total assets: US$3.831 trillion (2021)
Total equity: US$294.1 billion (2021)