J.P. Morgan & Co.
| Company type | Subsidiary |
|---|---|
| NYSE: JPM | |
| Industry | Investment banking Asset management Private banking |
| Founded | 1871 |
| Founder | J. P. Morgan Anthony Drexel |
| Headquarters | New York City, U.S. |
Number of employees | 296,000 (2022) |
| Parent | JPMorgan Chase |
| Website | www |
J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, the largest banking institution in the world. The company has been historically referred to as the "House of Morgan" or simply Morgan.[1][2]
For 146 years, until 2000, J.P. Morgan specialized in commercial banking, before a merger with Chase Manhattan Bank led to the business line spinning off under the Chase brand.[3][4]
- ^ Chernow, Ron (1991). The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance. Simon & Schuster. ISBN 978-0-671-73400-8. Archived from the original on April 8, 2023. Retrieved February 22, 2023.
- ^ Chernow, Ron (January 19, 2010). The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance. Grove/Atlantic, Inc. ISBN 978-0-8021-9813-6. Archived from the original on April 8, 2023. Retrieved February 22, 2023.
- ^ Norris, Floyd (September 13, 2000). "Banking's Big Deal; A Deal Built on Weakness, and Strength". The New York Times. ISSN 0362-4331. Archived from the original on January 14, 2023. Retrieved January 14, 2023.
- ^ Ross Sorkin, Andrew (September 14, 2000). "Chase Manhattan to Acquire J.P. Morgan for $30.9 Billion". archive.nytimes.com. Archived from the original on January 14, 2023. Retrieved January 14, 2023.