JP Morgan Chase

JPMorgan Chase & Co.

The JPMorgan Chase & Co. headquarters at 270 Park Avenue in Midtown Manhattan
Type	Public
Traded as	: JPM DJIA Component S&P 100 Component S&P 500 Component
Industry	Banking, financial services
Predecessor	Bank of the Manhattan Company founded September 1, 1799; 217 years ago (1799-09-01)
Founded	December 1, 2000; 16 years ago (2000-12-01)
Headquarters	270 Park Avenue New York, NY 10017 U.S.
Area served	Worldwide
Key people	Jamie Dimon (Chairman, CEO & President) Marianne Lake (CFO)
Products	Asset management, brokerage services, commercial banking, commodities, commodity trading, consumer banking, corporate banking, credit cards, consumer finance, equities trading, finance and insurance, foreign currency exchange, foreign exchange trading, futures and options trading, global banking, global wealth management, insurance, investment banking, investment management, money market trading, mortgage loans, prime brokerage, private banking, retail banking, retail brokerage, risk management, treasury and security services, underwriting, wealth management
Revenue	US$96.60 billion (2015)
Operating income	US$30.70 billion (2015)
Net income	US$24.44 billion (2015)
Total assets	US$2.424 trillion (2016)
Total equity	US$247.5 billion (2015)
Number of employees	246,303 (2017)
Divisions	J.P. Morgan Asset Management
Subsidiaries	Chase Bank, J.P. Morgan & Co., J.P. Morgan Cazenove, One Equity Partners
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 sixth largest bank by total assets, with total assets of US$2.424 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 Chase Tower, Chicago Loop, Chicago, Illinois, 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, Wells Fargo, and Citigroup.