• Courses
  • Tutorials
  • Jobs
  • Practice
  • Contests
college-organization-image

JPMorgan Chase & Co.

New York

Registered Geeks:  0
Intro and history: JPMorgan Chase & Co., a leading global financial services firm, was founded in 1799 by Aaron Burr. The company has a rich history that includes numerous mergers and acquisitions, including the notable merger with Chase Manhattan Corporation in 2000. Today, it operates in over 60 countries and holds assets of $2.6 trillion. Industry: Financial Services Product, Services and Operations: JPMorgan Chase & Co. provides various financial services worldwide. The firm operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. It offers a range of investment banking products and services, including advising on corporate strategy and structure, capital-raising in equity and debt markets, risk management, market-making in cash securities and derivative instruments, etc. Funding Details: As a publicly-traded company, JPMorgan Chase & Co. is funded through equity and debt financing. As of 2021, its market capitalization is approximately $466 billion. Acquisitions: Notable acquisitions include Bank One Corporation in 2004, Bear Stearns Companies Inc. in 2008, and the retail banking operations of Washington Mutual, also in 2008. Awards and Achievements: JPMorgan Chase & Co. has received numerous awards and recognitions, including being named the "World's Best Bank" by Euromoney in 2019. In 2020, it was ranked #1 in the U.S. for customer satisfaction in retail banking by J.D. Power.