JPMorgan Chase & Co.

JPMorgan Chase & Co.

Category:
Bank

COMPANY DETAILS

Company Name

JPMorgan Chase & Co.

Head Quarter

New York, New York, United States

Founders

John Pierpont Morgan

CEO

Jamie Dimon

Inception Date

December 31, 2000

Most Heard Brand

JPMorgan Chase

Total assets

US$3.77 trillion (2022)

Company Related Blogs

History

JP Morgan Chase & Co is an American multinational investment bank and financial services company with its headquarters in New York City. JP Morgan Chase bank is the world's largest bank by market capitalization, and it is the largest bank in the United States, and it is the fifth-largest bank in total assets, controlling $3.684 trillion. Since 1996JP Morgan Chase has been the result of a combination of several large U.S. banking companies. It includes Chase Manhattan Bank, JP Morgan & Co. Bank One, Bear Steamsand Washington Mutual. The bank of Manhattan company was 3rd oldest banking corporation in the United States and is the 31st oldest bank globally, established on September 1, 1799. The company JP Morgan & co. came into existence with the partnership of Drexel and Morgan & Co, later renamed JP Morgan & Co in 1895. In 1895, JP Morgan & Co restored the U.S. Government's treasury surplus of $100 million by supplying $62 million in gold to float a bond issue. JP Morgan is among the big four American banks, along with bank of America, Citigroup, and Wells Fargo. JPMorgan brand deals in retail and commercial banking and credit card services in US and Canada as well. since most European countries still owed war debts, JP Morgan & Co continued playing a primary role in global affairs.

In 2004, JP Morgan Chase merged with Chicago-based Bank One Corporation bringing the current chairman and CEO as president and COO. In 2006, JP Morgan chase acquired Collegiate Funding Services, a private equity firm portfolio company, for $663 million. JPMorgan acquired the Bank of New York Mellon's retail & small business banking network in April 2016.


Market share and Current Stage

As of June 2022, the Company JPMorgan Chase was the main bank in the United States, with a market share of almost 25 percent.

The Company also announced in September 2022 that it was acquiring California-based Renovite Technologies so as to expand its payments processing business amid heavy competition from fintech firms.

JPMorgan Chase is known for providing valuable financial and investment services while offering a wide range of investment banking products & services in all capital markets. In the United States, this Company has a remarkable market share in at least 8 industries. Their largest share can be seen in the investment banking and securities dealing industry. Here, they account for an estimated 20.95 of total industry revenue. And they are obligatory because of displaying a strong market share but lower profit and revenue growth than some of their peers. As of Jan 9, 2023, the Company JPMorgan chase’s market cap is $404.61B. According to this data, JP Morgan Chase is the world’s 14th most valuable Company. Market capitalization, commonly known as market value, is the most used method to measure the size of a publicly traded Company. It is calculated just by multiplying the current stock price by the no. of shares outstanding.

Competitor Analysis

When we compare the outcomes to its competitors the Company Jpmorgan Chase And Co found Total Revenue increase in the 3 quarter 2021 by 9.24 % year on year. Also, the revenue growth was below Jpmorgan Chase And Co's competitors average revenue growth of 20.28 %, recorded in the same quarter.

With a net margin of 36.02 % the company achieved higher profitability than its competitors.

Net Income Comparison

The Company Jpmorgan Chase And Co Net Income's in 3 quarter 2022 decreased year on year by -17.58 %. It was seen slower than the average decline reported by company's competitors of -19.07 %.

JPMorgan Chase's competitors and similar companies include Morgan Stanley, Goldman Sachs, HSBC, Citi, Wells Fargo, and Bank of America.


FAQ'S

To grow and thrive in the global marketplace, the company must be diversified to deliver the best to international clients and communities. In addition, as a diverse and inclusive organization, it can spark innovation and discover more ways of sustainable competitive advantages. Success depends on diversity, equity, and inclusion.
Treat people with respect and create opportunity. We must remember that we all support one another, and everyone counts. Senior leaders participate in four Executive groups the Asian, Black, Hispanic, and LGBT+ Executive Forum. They are serving as a collective voice for all organizations and communities.
JPMorgan Chase actively cultivates relationships with the business owner. It is operated by people with disabilities and individuals from different communities and gender. JPMorgan Chase is challenging how business is done in Supplier Diversity. The company has spent more than $13 billion with diverse suppliers since 1994.
Having a diverse and inclusive environment is imperative. JPMorgan is accountable for our culture of respect and inclusion. The company's continued bold actions will advance how we do business. It enables the firm to become the number-one choice for clients, customers, investors, and employees.
Yes, diversity, equity & inclusion is a global effort. The company has only a single goal to hire the best people from the pile of applicants. It includes groups in the company. The company can better decently serve an international client.
The JPMorgan Chase Foundation directs most of its investments, attention, and time toward specific cities with major operations. JPMorgan Chase aims to catalyst sustainable, meaningful, and positive change.

Affiliation Disclosure

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