J.P. Morgan Chase
JPMorgan Chase & Co.
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Public |
Traded as |
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Industry |
Banking, financial services
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Predecessor |
Bank of the Manhattan Company founded September 1, 1799; 217 years ago (1799-09-01)
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Founded |
December 1, 2000; 16 years ago (2000-12-01)
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Headquarters |
270 Park Avenue New York, NY 10017
U.S. |
Area served
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Worldwide |
Key people
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Jamie Dimon (Chairman, CEO & President)
Matt Zames (COO) Marianne Lake (CFO)
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Products |
Asset management, bank underwriting, bond trading, brokerage services, capital market services, commercial banking, commodity trading, conglomeration services, consumer banking, corporate banking, credit cards, credit default swap, credit derivative trading, consumer finance, custody services, debt resolution, equities trading, finance and insurance, financial market utilities, foreign currency exchange, foreign exchange trading, futures and options trading, global banking, global wealth management, hedge fund management, intermediation and advisory services, investment banking, investment capital, investment management, money market trading, mortgage loans, mortgage–backed securities, mortgage underwriting, prime brokerage, private banking, private equity, remittance, retail banking, retail brokerage, risk management, stock portfolios, securities underwriting, , subprime mortgages, treasury and security services, underwriting, venture capital, wealth management, wire transfers
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Revenue |
US$95.66 billion (2016) |
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US$34.53 billion (2016) |
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US$24.73 billion (2016) |
Total assets |
US$2.49 trillion (2016) |
Total equity |
US$254.1 billion (2016) |
Number of employees
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250,355 (2016) |
Divisions |
J.P. Morgan Asset Management |
Subsidiaries |
Chase Bank, J.P. Morgan & Co., J.P. Morgan Cazenove, One Equity Partners
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Capital ratio |
11.6% (2015) |
Website |
www.jpmorganchase.com |
JPMorgan Chase & Co. is a U.S. multinational banking and financial services holding company headquartered in New York City. It is the largest bank in the United States, the world's third largest bank by total assets, with total assets of roughly US$2.5 trillion, and the world's most valuable bank by market capitalization. It is a major provider of financial services, and according to Forbes magazine is the world's sixth largest public company based upon a composite ranking. The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States. The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.
The J.P. Morgan brand, historically known as Morgan, is used by the investment banking, asset management, private banking, private wealth management, and treasury & securities 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 commercial banking. The corporate headquarters is located at 270 Park Avenue in Midtown Manhattan, New York City. The retail and commercial bank is headquartered in 270 Park Avenue, Midtown Manhattan, New York City, New York, U.S. JPMorgan Chase & Co. is considered to be a universal bank. As of 2016, JPMorgan Chase is one of the Big Four banks of the United States, followed by Bank of America, Citigroup, and Wells Fargo.
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Wikipedia