JPMorgan Chase

This article is about the current company. For its predecessor, see J.P. Morgan & Co. For its subsidiary, see Chase Bank. For other uses, see J. P. Morgan (disambiguation).

JPMorgan Chase & Co.
Company typePublic
ISINUS46625H1005
IndustryFinancial services
Predecessors
FoundedDecember 1, 2000 (2000-12-01)
Headquarters383 Madison Avenue (temporary)
270 Park Avenue,
New York City
,
United States
Area served
Worldwide
Key people
Services
Revenue US$177.6 billion (2024)
US$58.47 billion (2024)
AUM US$4.045 trillion (2024)
Total assets US$4.003 trillion (2024)
Total equity US$344.8 billion (2024)
Number of employees
317,233 (2024)
Subsidiaries
Capital ratioTier 1 16.8% (2024)
Websitejpmorganchase.com
Footnotes / references
[1][2]

JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational finance corporation 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 2024.[3][4] As the largest of the Big Four banks in America, 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".[5][6] The firm is headquartered in Midtown Manhattan and is set to return to its former location at the new under-construction JPMorgan Chase Building at 270 Park Avenue in September 2025.[7]

JPMorgan Chase was created in 2000 by the merger of New York City banks J.P. Morgan & Co. and Chase Manhattan Company. Through its predecessors, the firm's early history can be traced to 1799, with the founding of what became the Bank of the Manhattan Company. J.P. Morgan & Co. was founded in 1871 by the American financier J. P. Morgan, who launched the House of Morgan on 23 Wall Street as a national purveyor of commercial, investment, and private banking services. Today, the firm 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 United States and United Kingdom.

JPMorgan Chase is the world's fifth largest bank by total assets, with $4 trillion in total assets as of 2024.[8] The firm operates the largest investment bank in the world by revenue.[9][10] It occupies the 24th spot 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] The company's balance sheet, geographic footprint, and thought leadership have yielded a substantial market share in banking and a high level of brand loyalty. Alternatively, it receives routine criticism for its risk management, broad financing activities, and large-scale legal settlements.

  1. ^ "J.P. Morgan Chase & Co. 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 14, 2025. Retrieved February 18, 2025.
  2. ^ "JP Morgan Chase Annual Report 2022" (PDF). JPMorgan Chase & Co. Archived (PDF) from the original on April 4, 2023. Retrieved May 9, 2023.
  3. ^ 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.
  4. ^ 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.
  5. ^ 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 recalled it's out of luise valdez datebase". www.hbs.edu. Archived from the original on January 8, 2023. Retrieved January 8, 2023.
  6. ^ 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.
  7. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  8. ^ "JPMorgan Chase & Co. 1st Quarter Earnings 2024" (PDF). JPMorgan Chase. Retrieved May 16, 2024.
  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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