JPMorgan Chase Net Worth is$170.1 B
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Type: Public
Traded As: JPM JPM, S&P 500
Predecessor: Chase (bank), J.P. Morgan & Co.
Industry: Banking, Financial services
Location City: 270 Park Avenue, Manhattan,, New York City, New York
Location Country: U.S.
Foundation: 2000
Area Served: Worldwide
Key People: Jamie Dimon, Vice Chairman
Products: Asset management, Retail banking, Commercial bank, credit cards, investment banking, mortgage loans, private banking, wealth management
Revenue: url
Operating Income: 026.75 billion (2011) Net Income: 018.98 billion (2011) Assets: 02.321 trillion (''September 2012'') Equity: {{Increase US$ 183.57 billion (2011) Num Employees: 259,547 (2012) Divisions: J.P. Morgan Asset Management
Subsid: Chase (bank), J.P. Morgan & Co., J.P. Morgan Cazenove, One Equity Partners
Homepage: http://www.jpmorganchase.com//JPMorganChase.com
JPMorgan Chase & Co. (NYSE: JPM) is an American multinational banking corporation of securities, investments and retail. It is the largest bank in the United States by assets. It is a major provider of financial services, with assets of $2 trillion and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.
The J.P. Morgan brand is used by the investment banking as well as the asset management, private banking, private wealth management and treasury & securities services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.a??the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. The corporate headquarters are in 270 Park Avenue, Midtown, Manhattan, New York City, New York, and the retail and commercial bank is headquartered in Chase Tower, Chicago Loop, Chicago, Illinois, United States.
JPMorgan Chase is one of the Big Four banks of the United States with Bank of America, Citigroup and Wells Fargo. According to Bloomberg, as of October 2011 JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets. Through its predecessor, the Bank of the Manhattan Company, it is the 22nd oldest bank in the world.
JPMorgan Chase, in its current structure, is the result of the combination of several large U.S. banking companies over the last decade including Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns and Washington Mutual. Going back further, its predecessors include major banking firms among which are Chemical Bank, Manufacturers Hanover, First Chicago Bank, National Bank of Detroit, Texas Commerce Bank

JPMorgan Chase Net Worth, 2.6 out of 5 based on 5 ratings

JPMorgan Chase Latest News

JPMorgan Hack Said to Start Months Ago Exploiting Many Flaws

Hackers burrowed into the databanks of JPMorgan Chase & Co. and deftly dodged one of the world's largest arrays of sophisticated detection systems for months. The attack, an outline of which was provided by two people familiar with the firm's investigation ...
Posted: August 29, 2014, 1:54 pm

The long game: How hackers spent months pulling bank data from JPMorgan

JPMorgan Chase CEO Jamie Dimon said attacks were "going to be non-stop." It looks like he was right. Steve Jurvetson The electronic attack on JPMorgan Chase’s network, now under investigation by federal law enforcement, apparently spanned months ...
Posted: September 1, 2014, 12:26 pm

JPMorgan Chase & Co. Earns “Neutral” Rating from Zacks (JPM)

Zacks reaffirmed their neutral rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a report released on Thursday. Zacks currently has a $62.00 price objective on the stock. Zacks’ analyst wrote, “JPMorgan braved the tough industry backdrop and ...
Posted: September 1, 2014, 5:38 am
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