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JPMorgan Chase
J.P. Morgan Chase & Co.![]() |  | | Company type | Public company |
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| NYSE: JPM
DJIA Component
S&P 100 Component
S&P 500 Component |
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| ISIN | US46625H1005 |
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| Industry | Banking
Financial services |
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| Predecessor | Bank of the Manhattan Company founded September 1, 1799; 225 years ago (1799-09-01) |
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| Founded | December 1, 2000; 23 years ago (2000-12-01) |
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| Founder | John Pierpont Morgan |
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| Headquarters | 383 Madison Avenue, , |
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Area served | Worldwide |
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Key people | Jamie Dimon
(Chairman and CEO)
Jennifer Piepszak
(CFO)
Daniel E. Pinto
(Co-President & Co-COO)
Gordon A. Smith
(Co-President & Co-COO) |
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| Products | Asset allocation, asset management, bank underwriting, bond trading, Stockbroker, capital market services, commercial banking, commodity trading, conglomeration services, consumer banking, consumer finance, corporate banking, credit cards, credit default swap, Credit derivative trading, custody services, debt resolution, equities trading, financial analysis, finance and insurance, financial market utilities, foreign currency exchange, foreign exchange trading, futures and options trading, global banking, global wealth management, hedge fund management, home finance, intermediation and advisory services, investment banking, investment capital, investment management, investment portfolios, money market trading, mortgages, mortgage loans, mortgage–backed securities, mortgage underwriting, prime brokerage, private banking, private equity, remittance, retail banking, retail brokerage, risk management, stock portfolios, securities underwriting, stock trading, subprime mortgages, treasury and security services, underwriting, venture capital, wealth management, wire transfers |
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| Revenue |  US$109.029 billion (2018) |
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| US$40.764 billion (2018) |
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| US$32.474 billion (2018) |
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| AUM |  US$2.733 trillion (2018) |
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| Total assets | US$2.623 trillion (2018) |
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| Total equity | US$256.52 billion (2018) |
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Number of employees | 256,105 (Dec. 31, 2018) |
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| Divisions | Asset and Wealth Management, Consumer and Community Banking, Commercial Banking, Corporate and Investment Banking |
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| Subsidiaries | Chase Bank, J.P. Morgan & Co., J.P. Morgan Cazenove, One Equity Partners |
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| Capital ratio | 15.7% (2017) |
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Footnotes / references
[1] | J.P. Morgan Chase & Co. is a banking and money managing company headquartered in New York City that operates all over the world. It is the largest bank in the United States, and one of the biggest in the world. It is also the world's most valuable bank by market capitalization.[2] JPMorgan is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo.[3] Some of the different ways they manage money are called investment banking, asset management, private banking, private wealth management, and treasury & securities services; they use the name "JPMorgan" for these services. They use the name "Chase" for credit card services in the United States and Canada, retail banking activities in the United States, and commercial banking. 270 Park Avenue in Midtown Manhattan, New York City is the headquarters for activities using both names.[4] The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.[4]
J.P. Morgan Chase & Co. is a big company that used to be several smaller companies. These companies include banks that were active two hundred years ago. Like most American banks, the smaller companies that make up JPMorgan Chase all made a lot of money from slavery.
References
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