JPMorgan Chase & Co.

JPMorgan Chase is a multinational investment bank and financial services company headquartered in New York City.


Financial and Banking  




MarketCap US

US United States



JPMorgan Chase is one of the oldest financial institutions in the United States, with a history dating back over 200 years. The company has $2.6 trillion in client assets under management, 100+ global markets, and 250,000+ employees. JPMorgan Chase is also ranked as one of the world's most attractive employers by business students. 

J.P. Morgan is a leader in investment banking, commercial banking, financial transaction processing, and asset management. They serve millions of customers in over 100 countries and have a strong focus on corporate responsibility initiatives. JPMorgan Chase & Co is a financial holding company that offers consumer and commercial banking, investment banking, financial transaction processing, and asset management solutions. They provide a variety of services such as credit cards, small businesses, auto finance, education finance, merchant services, middle market banking, business credit, equipment finance, and commercial term lending.

PMorgan Chase has a long history, dating back to 1799, and has grown through mergers and acquisitions over the years, including the merger of J.P. Morgan & Co. and Chase Manhattan Bank in 2000.


The history of JPMorgan Chase dates back to 1799 when The Manhattan Company was established to provide clean water to the residents of New York City. The company was founded by Aaron Burr, who was the vice president of the United States at the time, and a group of other businessmen. However, the company soon shifted its focus to banking and became the Bank of the Manhattan Company.

In 1824, the Chemical Manufacturing Company was established, which later became Chemical Bank. The bank grew rapidly and became one of the largest banks in New York City.

Meanwhile, in 1853, the New York and Liverpool United States Mail Steamship Company was founded, which later became the American Line. This company was instrumental in establishing transatlantic shipping routes and played a major role in the development of international trade.

In 1877, John Pierpont Morgan established J.P. Morgan & Co., which quickly became one of the most powerful banking firms in the world. Morgan was known for his ability to rescue failing companies and became a key player in the consolidation of many industries.

In 1895, J.P. Morgan & Co. played a major role in the reorganization of the US Treasury, which had been struggling with a financial crisis. The firm was able to successfully sell bonds to investors, which helped stabilize the US economy.

At the turn of the 20th century, the various banks and companies that would eventually become JPMorgan Chase were expanding rapidly and playing important roles in the growth of the US economy. However, it was not until later in the century that these entities would begin to merge and consolidate into the company we know today.

In the early 20th century, J.P. Morgan & Co. continued to play a significant role in American finance. The company was instrumental in the formation of US Steel, which became the largest steel producer in the world. The company also played a key role in the financing of the Panama Canal, helping to make the project possible.

In the 1920s, J.P. Morgan & Co. became involved in the booming stock market and helped to create many of the largest corporations of the time. However, the stock market crash of 1929 led to the Great Depression and a significant decline in the firm's fortunes.

During World War II, J.P. Morgan & Co. played a major role in financing the war effort, helping to raise billions of dollars in funds. After the war, the firm continued to play an important role in the American economy and helped to finance the post-war boom.

In the latter half of the 20th century, J.P. Morgan & Co. continued to grow and expand. In 1959, the firm merged with Guaranty Trust Company to become Morgan Guaranty Trust Company. In the 1980s, the firm was involved in many of the major mergers and acquisitions of the time, including the merger of Time Inc. and Warner Communications.

In 1991, J.P. Morgan & Co. became the first American bank to be granted permission to open a branch in Moscow, Russia. The company continued to expand globally, opening offices in cities around the world.

In 1996, J.P. Morgan & Co. merged with the Chase Manhattan Corporation to become JPMorgan Chase. The new company became one of the largest banks in the world, with a strong presence in investment banking, commercial banking, and asset management. JPMorgan Chase continued to expand its operations, acquiring many smaller banks and financial firms in the late 1990s and early 2000s.

In 2004, the company acquired Bank One, a major US retail bank, for $58 billion. This acquisition made JPMorgan Chase the largest credit card issuer in the United States and significantly expanded its retail banking operations.

JPMorgan Chase was one of the few major US banks to weather the 2008 financial crisis without major losses or government bailouts. However, the company did suffer significant losses in the wake of the crisis due to exposure to subprime mortgages and other risky financial products. In 2012, the company agreed to pay $13 billion to settle allegations of misconduct related to its mortgage-backed securities business.

Despite these challenges, JPMorgan Chase continued to grow and expand. In the 2010s, the company made a significant push into international markets, expanding its presence in Europe, Asia, and other regions. In 2013, JPMorgan Chase acquired the commodities trading business of RBS Sempra, further expanding its global reach.

In recent years, JPMorgan Chase has focused on leveraging technology to improve its services and operations. The company has invested heavily in artificial intelligence, blockchain technology, and other cutting-edge technologies to enhance its offerings and streamline its operations.

JPMorgan Chase has also made a significant commitment to environmental sustainability and social responsibility. In 2020, the company announced a goal to finance and facilitate $200 billion in clean energy and sustainable development projects by 2025. JPMorgan Chase has also been recognized for its efforts to promote diversity and inclusion, earning numerous accolades for its workplace culture and commitment to social justice.

As of 2023, JPMorgan Chase remains one of the largest and most influential banks in the world, with operations in dozens of countries and a broad range of services and products. The company continues to evolve and adapt to changes in the global economy and financial landscape, while remaining committed to its core values of integrity, innovation, and social responsibility.


The mission of JPMorgan Chase is to enable more people to contribute to and share in the rewards of a growing economy. The company also aims to be the most respected financial services firm in the world, serving corporations and individuals in more than 100 countries. 

To achieve this mission, JPMorgan Chase has established business principles that focus on providing exceptional client service and reducing inequality. 


JPMorgan Chase & Co.'s goal is to be a leading global financial services firm, providing innovative solutions to its clients and operating with the highest level of integrity and responsibility.

In recent years, JPMorgan Chase has emphasized the importance of sustainability, diversity and inclusion, and social responsibility in its operations. The company has made significant commitments to reducing its environmental footprint, promoting social justice and equity, and supporting economic development in communities around the world.

JPMorgan Chase's CEO, Jamie Dimon, has spoken frequently about the company's long-term goals and vision for the future. In his annual letter to shareholders, Dimon has emphasized the importance of innovation, collaboration, and a strong corporate culture in driving the company's success.

Key Team

Jamie Dimon (Chief Executive Officer and President)

Ashley Bacon (Chief Risk Officer)

Marc Badrichani (Head of Global Sales & Research )

Jeremy Barnum (Chief Financial Officer)

Lori Beer (Global Chief Information Officer)

Mary Callahan Erdoes (Asset & Wealth Management Chief Executive Officer)

Stacey Friedman (General Counsel)

Takis Georgakopoulos (Global Head of Payments)

Teresa Heitsenrether (Global Head of Securities Services)

Marianne Lake (Co-CEO of Consumer & Community Banking)

Robin Leopold (Head of Human Resources)

Douglas B. Petno (Chief Executive Officer of Commercial Banking)

Jennifer Piepszak (Co-CEO of Consumer & Community Banking)

Daniel Pinto (President and COO, JPMorgan Chase CEO, Corporate & Investment Bank, J.P. Morgan)

Troy Rohrbaugh (Head of Global Markets)

Peter L. Scher (Vice Chairman)

Sanoke Viswanathan (Chief Strategy and Growth Officer, JPMorgan Chase Chief Executive Officer of International Consumer Banking)

Recognition and Awards
JP Morgan Chase & Co. has received numerous awards and recognition for its achievements and commitment to various areas. The firm has been consistently acknowledged as a top employer and a leader in the technology sector. LinkedIn included JPMorgan Chase in its 2023 Top Companies list for career growth, while Handshake recognized the firm as a top employer for Generation Z and a "Tech Transformer." JPMorgan Chase has also been recognized globally, ranking among the World's Most Admired Companies according to FORTUNE. The firm's dedication to diversity and inclusion has been highlighted by multiple organizations. It has been honored by the Hispanic IT Executive Council (HITEC), the National Autistic Society in the UK, and the Women's Business Enterprise National Council (WBENC) for its efforts in reducing barriers and promoting inclusivity. The firm has received accolades for its commitment to gender equality, veterans' career success, supplier diversity, and disability inclusion. Bloomberg named JPMorgan Chase to its Gender-Equality Index, Military Times recognized the firm's support for veterans, and the Billion Dollar Roundtable inducted the firm for its spending with diverse suppliers. JPMorgan Chase's commitment to diversity extends to its recognition as a top company for multicultural women by Working Mother Magazine, a leading employer for Latinas by LATINA Style Inc., and a best place to work for LGBT+ employees by the Human Rights Campaign (HRC). The firm consistently achieves a perfect score on the HRC Corporate Equality Index. Furthermore, JPMorgan Chase's dedication to disability inclusion has been acknowledged through its high scores on the Disability Equality Index (DEI) and recognition as a top employer for people with disabilities by CAREERS & the disABLED. Additionally, the firm's employees have been listed among the top 100 most influential Latinas.

Products and Services

JPMorgan Chase provides a wide range of financial products and services to individuals, businesses, and institutional clients around the world. Some of the key products and services offered by JPMorgan Chase include:

Retail banking: JPMorgan Chase operates a large retail banking network in the United States, offering checking and savings accounts, credit cards, personal loans, and other consumer banking products.

Commercial banking: JPMorgan Chase provides a wide range of banking services to businesses of all sizes, including cash management, lending, trade finance, and treasury services.

Investment banking: JPMorgan Chase is a leading global investment bank, offering a wide range of financial advisory, capital raising, and underwriting services to corporate and institutional clients.

Asset management: JPMorgan Chase provides asset management services to individuals, institutions, and financial intermediaries, including mutual funds, exchange-traded funds (ETFs), and separately managed accounts.

Private banking: JPMorgan Chase offers comprehensive wealth management services to high-net-worth individuals and families, including investment management, trust and estate planning, and private banking.

Commercial real estate: JPMorgan Chase provides a range of financing and advisory services to clients in the commercial real estate sector, including property owners, developers, and investors.

Markets and investor services: JPMorgan Chase provides a wide range of trading and securities services to institutional clients, including sales and trading, prime brokerage, and securities clearing and settlement.

In addition to these core products and services, JPMorgan Chase also offers a range of specialized solutions and initiatives, including sustainable finance and impact investing, digital banking and payments, and blockchain and cryptocurrency services. 

JPMorgan Chase & Co.
Leadership team

Ashley Bacon (Chief Risk Officer)

Marc Badrichani (Head of Global Sales & Research )

Jeremy Barnum (Chief Financial Officer)


Financial and Banking

Products/ Services
Asset management, banking, commodities, credit cards, equities trading, insurance, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management
Number of Employees
Above 50,000
New York City, US.
Company Type
Public Limited Company
Company Registration
Net Income
Above - 20B
Above - 1B
Traded as
Social Media

Related Companies

Related Companies

Mon Apr 15 2024

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with

Copyright 2023 © businessabc powered by ztudium