JPMorgan $JPM Chase & Co. is the largest bank in the U.S. by total assets and one of the largest financial institutions in the world, headquartered in New York City. It operates across four primary business lines: consumer and community banking, commercial banking, investment banking, and asset and wealth management. The bank serves tens of millions of consumers, small businesses, corporations, governments, and institutional investors in more than 100 countries.
The firm traces its origins to 1799, when the Bank of the Manhattan Company was founded in New York. Its modern form took shape through a series of mergers over more than two centuries. The most significant of these were the 2000 merger of Chase Manhattan Corporation and J.P. Morgan & Co., which created JPMorgan Chase, and the 2004 acquisition of Bank One Corporation, which brought the retail banking network to national scale. The firm also acquired Bear Stearns and Washington Mutual during the 2008 financial crisis, acquisitions that expanded its investment banking and consumer banking operations.
On the consumer side, Chase — the retail brand — operates one of the largest branch and ATM networks in the U.S. and is among the leading issuers of credit cards. Its investment bank advises on mergers and acquisitions, underwrites stocks and bonds, and trades securities across global markets. The asset management division manages money for institutional and individual clients worldwide.
JPMorgan Chase is organized as a publicly traded company listed on the New York Stock Exchange under the ticker JPM and is a component of the Dow Jones Industrial Average. It is classified as a global systemically important bank — a designation applied by international regulators to institutions whose failure could pose risks to the broader financial system. The bank has expanded into artificial intelligence and automation as part of its technology strategy, and has broadened its footprint in areas including and .