JPMorgan Chase

JPMorgan Chase & Co.
	JPMorgan Chase headquarters at 383 Madison Avenue in Midtown Manhattan
Company type	Public
Traded as	NYSE: JPM; DJIA component; S&P 100 component; S&P 500 component;
ISIN	US46625H1005
Industry	Financial services
Predecessors	Bank of the Manhattan Company (founded 1799); Chemical Bank (founded 1824); J.P. Morgan & Co. (founded 1871); Chase National Bank (founded 1877);
Founded	December 1, 2000
Founders	William B. Harrison Jr.; Douglas A. Warner III
Headquarters	383 Madison Avenue; New York, NY 10017; U.S.
Area served	Worldwide
Key people	Jamie Dimon (Chairman & CEO); Daniel E. Pinto (President & COO);
Products	Asset management; Banking; Commodities; Credit cards; Equities trading; Insurance; Investment management; Mortgage loans; Mutual funds; Exchange-traded funds; Index funds; Private equity; Risk management; Wealth management;
Revenue	US$158.1 billion (2023)
Net income	US$49.55 billion (2023)
AUM	US$3.422 trillion (2023)
Total assets	US$3.875 trillion (2023)
Total equity	US$327.9 billion (2023)
Number of employees	309,926 (2023)
Divisions	Asset and Wealth Management; Consumer and Community Banking; Commercial Banking; Corporate and Investment Banking;
Subsidiaries	Chase Bank; J.P. Morgan & Co.; One Equity Partners; First Republic Bank;
Capital ratio	Tier 1 16.6% (2023)
Website	jpmorganchase.com
	Footnotes / references;

JPMorgan Chase & Co. is an American multinational financial institution headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023.^[4]^[5] As the largest of Big Four banks, the firm is considered systemically important by the Financial Stability Board. Its size and scale have often led to enhanced regulatory oversight as well as the maintenance of an internal "Fortress Balance Sheet".^[6]^[7] The firm is headquartered at 383 Madison Avenue in Midtown Manhattan and is set to move into the under-construction JPMorgan Chase Building at 270 Park Avenue in 2025.

The firm's early history can be traced to 1799, with the founding of what became the Chase Manhattan Company. In 1871, J.P. Morgan & Co. was founded by J. P. Morgan who launched the House of Morgan on 23 Wall Street as a national purveyor of commercial, investment, and private banking services. The present company was formed after the two predecessor firms merged in 2000, creating a diversified holding entity. It is a major provider of investment banking services, through corporate advisory, mergers and acquisitions, sales and trading, and public offerings. Their private banking franchise and asset management division are among the world's largest in terms of total assets. Its retail banking and credit card offerings are provided via the Chase brand in the U.S. and United Kingdom.

With US$3.9 trillion in total assets,^[8] JPMorgan Chase is the fifth-largest bank in the world by assets. The firm operates the largest investment bank in the world by revenue.^[9]^[10] It occupies 24th place on the Fortune 500 list of the largest U.S. corporations by revenue. In 2023, JPMorgan Chase was ranked #1 in the Forbes Global 2000 ranking.^[11] It receives routine criticism for its risk management, broad financing activities, and large-scale legal settlements.

^ Isidore, Chris (2000). "Chase buying J.P. Morgan". CNN Money. Retrieved April 3, 2024.
^ "J.P. Morgan Chase & Co. 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 16, 2024. Retrieved February 17, 2024.
^ "JP Morgan Chase Annual Report 2022" (PDF). JPMorgan Chase & Co. Archived (PDF) from the original on April 4, 2023. Retrieved May 9, 2023.
^ Goldberg, Matthew. "These Are The 15 Largest Banks In The U.S." Bankrate. Archived from the original on December 19, 2022. Retrieved January 8, 2023.
^ Lee, Nathaniel (December 27, 2022). "How Bank of America achieved a massive comeback from the brink of collapse". CNBC. Archived from the original on January 8, 2023. Retrieved January 8, 2023. JPMorgan is still comfortably ahead as the largest bank in the U.S. based on total assets.
^ Hartman, Ashley (March 1, 2016). "JPMorgan Chase after the Financial Crisis: What Is the Optimal Scope of the Largest Bank in the U.S.? – Case – Faculty & Research – Harvard Business School". www.hbs.edu. Archived from the original on January 8, 2023. Retrieved January 8, 2023.
^ Eavis, Peter (May 25, 2012). "The Dark Nooks in JPMorgan's Fortress Balance Sheet". DealBook. Archived from the original on September 26, 2021. Retrieved January 8, 2023.
^ "JPMorgan Chase & Co. 3rd Quarter Earnings 2023" (PDF). JPMorgan Chase. Retrieved October 15, 2023.
^ Gelsi, Steve (September 20, 2022). "JPMorgan, Goldman top fee tables again as Wall Street faces squeeze". Financial News London. Archived from the original on January 9, 2023. Retrieved January 9, 2023.
^ "Leading banks by investment banking revenue 2022". Statista. Archived from the original on March 30, 2018. Retrieved January 9, 2023.
^ "The Global 2000". Forbes. Archived from the original on January 25, 2024. Retrieved January 29, 2024.

[1] Isidore, Chris (2000). "Chase buying J.P. Morgan". CNN Money. Retrieved April 3, 2024.

[FY-2] "J.P. Morgan Chase & Co. 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 16, 2024. Retrieved February 17, 2024.

[auto-3] "JP Morgan Chase Annual Report 2022" (PDF). JPMorgan Chase & Co. Archived (PDF) from the original on April 4, 2023. Retrieved May 9, 2023.

[4] Goldberg, Matthew. "These Are The 15 Largest Banks In The U.S." Bankrate. Archived from the original on December 19, 2022. Retrieved January 8, 2023.

[5] Lee, Nathaniel (December 27, 2022). "How Bank of America achieved a massive comeback from the brink of collapse". CNBC. Archived from the original on January 8, 2023. Retrieved January 8, 2023. JPMorgan is still comfortably ahead as the largest bank in the U.S. based on total assets.

[6] Hartman, Ashley (March 1, 2016). "JPMorgan Chase after the Financial Crisis: What Is the Optimal Scope of the Largest Bank in the U.S.? – Case – Faculty & Research – Harvard Business School". www.hbs.edu. Archived from the original on January 8, 2023. Retrieved January 8, 2023.

[7] Eavis, Peter (May 25, 2012). "The Dark Nooks in JPMorgan's Fortress Balance Sheet". DealBook. Archived from the original on September 26, 2021. Retrieved January 8, 2023.

[8] "JPMorgan Chase & Co. 3rd Quarter Earnings 2023" (PDF). JPMorgan Chase. Retrieved October 15, 2023.

[9] Gelsi, Steve (September 20, 2022). "JPMorgan, Goldman top fee tables again as Wall Street faces squeeze". Financial News London. Archived from the original on January 9, 2023. Retrieved January 9, 2023.

[10] "Leading banks by investment banking revenue 2022". Statista. Archived from the original on March 30, 2018. Retrieved January 9, 2023.

[11] "The Global 2000". Forbes. Archived from the original on January 25, 2024. Retrieved January 29, 2024.

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