Jump to content

JPMorgan Chase

From Simple English Wikipedia, the free encyclopedia
J.P. Morgan Chase & Co.
Company typePublic company
DJIA Component
S&P 100 Component
S&P 500 Component
Financial services
PredecessorBank of the Manhattan Company founded September 1, 1799; 224 years ago (1799-09-01)
FoundedDecember 1, 2000; 23 years ago (2000-12-01)
FounderJohn Pierpont Morgan
Headquarters383 Madison Avenue, ,
Area served
Key people
Jamie Dimon
(Chairman and CEO)
Jennifer Piepszak
Daniel E. Pinto
(Co-President & Co-COO)
Gordon A. Smith
(Co-President & Co-COO)
ProductsAsset 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
RevenueIncrease US$109.029 billion (2018)
Increase US$40.764 billion (2018)
Increase US$32.474 billion (2018)
AUMDecrease US$2.733 trillion (2018)
Total assetsIncrease US$2.623 trillion (2018)
Total equityIncrease US$256.52 billion (2018)
Number of employees
256,105 (Dec. 31, 2018)
DivisionsAsset and Wealth Management, Consumer and Community Banking, Commercial Banking, Corporate and Investment Banking
SubsidiariesChase Bank, J.P. Morgan & Co., J.P. Morgan Cazenove, One Equity Partners
Capital ratio15.7% (2017)
Footnotes / references

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[change | change source]

  1. "J.P. Morgan Chase & Co. 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. "The World's largest banks and banking groups by market cap (as of May 31, 2018)". BanksDaily.com. Archived from the original on June 6, 2023. Retrieved July 12, 2018.
  3. "Banks Ranked by Total Deposits". Usbanklocations.com. Retrieved November 12, 2017.
  4. 4.0 4.1 "History of Our Firm". JPMorganChase.