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    JPMorgan Chase
    financial sector, financial services, economics of banking

    JPMorgan Chase

    United States flagUnited States

    "The largest bank in the United States, with roots stretching back over 200 years."

    Founded 1968 New York City CEO: Jamie Dimon
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    About

    JPMorgan Chase is the biggest bank in America and one of the most powerful financial institutions on the planet. It was formed in 2000 when Chase Manhattan Corporation merged with J.P. Morgan & Co., but its family tree goes way deeper. The Manhattan Company, a predecessor to Chase, was founded in 1799 to provide water to New York City and later got into banking. J.P. Morgan & Co. started as Drexel, Morgan & Company in 1871, the brainchild of John Pierpont Morgan, who helped finance the creation of General Electric and U.S. Steel. The modern company also absorbed Bank One in 2004, bringing in Jamie Dimon, who has been CEO ever since.

    JPMorgan Chase operates through four main divisions. Consumer & Community Banking runs the Chase brand with over 4,800 branches and 15,000 ATMs across the U.S., plus popular credit cards like Chase Sapphire and Freedom. The Corporate & Investment Bank is a top player in mergers, stock and bond underwriting, and trading. Commercial Banking serves mid-sized companies and real estate investors, while Asset & Wealth Management handles over $3 trillion in client assets through J.P. Morgan Private Bank and Asset Management. The company also has a digital-only bank in the UK called Chase UK, which has already attracted more than 2 million customers.

    Headquartered at 383 Madison Avenue in New York City, JPMorgan Chase employs over 300,000 people in more than 100 markets worldwide. In 2025, it plans to move into a new global headquarters at 270 Park Avenue, a 1,388-foot supertall skyscraper. The bank reported record revenue of $158.1 billion in 2023, with net income of $49.6 billion. Its market cap sits around $550 billion, making it the most valuable bank globally. Despite its size, the company has faced major controversies, including the 2012 London Whale trading loss of $6.2 billion, a $13 billion settlement over faulty mortgage-backed securities, and recent lawsuits tied to Jeffrey Epstein. Still, it remains a dominant force in finance, often described by Dimon as maintaining a fortress balance sheet.

    Products & Sub-brands

    Chase checking and savings accountsChase Sapphire credit cardsChase Freedom credit cardsChase Slate credit cardsJ.P. Morgan Private BankJ.P. Morgan Asset ManagementInvestment banking (M&A, underwriting)Trading and market-makingCommercial bankingHome lendingAuto financeChase UK digital bank

    Frequently Asked Questions

    Who owns JPMorgan Chase?
    JPMorgan Chase is a publicly traded company owned by its shareholders. The largest institutional holders include Vanguard Group (about 8.5%), BlackRock (7.2%), and State Street Corporation (4.8%). No single person or group holds a controlling stake. CEO Jamie Dimon personally owns around 8 million shares, worth over $1 billion.
    Who is the CEO of JPMorgan Chase?
    Jamie Dimon has been Chairman and CEO since 2005. He came to the company through the 2004 acquisition of Bank One, where he was CEO. Dimon is one of the longest-serving leaders in big banking and is often considered the most influential voice in American finance. His annual compensation typically exceeds $30 million, mostly in stock.
    How much is JPMorgan Chase worth?
    As of mid-2024, JPMorgan Chase has a market capitalization around $550-600 billion, making it the most valuable bank in the world by that measure. Its total assets exceed $3.9 trillion. Brand valuation firms estimate the JPMorgan Chase brand alone is worth over $50 billion.
    JPMorgan Chase vs Goldman Sachs: which is better?
    They serve different primary markets. JPMorgan is a universal bank with a massive consumer banking operation (Chase), while Goldman Sachs focuses more on investment banking, trading, and wealth management. JPMorgan is much larger by assets and revenue, but Goldman typically has higher profit margins. For consumers, Chase offers checking accounts and credit cards; Goldman's consumer offerings are limited to Marcus.
    Is JPMorgan Chase still in business?
    Yes, JPMorgan Chase is not only still in business but is the largest and most profitable bank in the United States. It has been operating continuously through predecessor entities for over 200 years. The bank is considered systemically important and is widely regarded as one of the strongest financial institutions globally.

    Keywords

    JPMorgan ChaseChase BankJamie Dimoninvestment bankingconsumer bankingcredit cardsChase SapphireWall Streetlargest bankfinancial services

    Company Info

    Founded
    1968
    Founder
    John Pierpont Morgan (predecessor firm)
    CEO
    Jamie Dimon
    Headquarters
    New York City
    Industry
    financial sector, financial services, economics of banking
    Revenue
    158100000000
    Employees
    300000
    Revenue (2023)
    $158.1 billion
    Total Assets
    Over $3.9 trillion
    Global Presence
    100+ markets

    Official Website

    www.jpmorganchase.com/

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