List of Companies owned by JPMorgan Chase & Co.

Last Updated : 18 Mar, 2024

JPMorgan Chase & Co. stands as a significant financial giant rooted in American soil, with its main hub nestled in New York City and its legal home in Delaware. It holds the crown for being the biggest bank across the United States and globally, boasting the highest market value up to 2023. Known as the leading entity among the Big Four banks, its importance reverberates through the halls of the Financial Stability Board, underscoring its systemic significance.

Tracing its roots back to 1799, the company’s genesis lies in the establishment of what later blossomed into the Chase Manhattan Company. In 1871, the illustrious figure J.P. Morgan laid the cornerstone for J.P. Morgan & Co., erecting the House of Morgan on 23 Wall Street, where it burgeoned into a national hub for commercial, investment, and private banking services. The amalgamation of these two pioneering entities in 2000 birthed the present-day powerhouse, fostering a diverse holding entity.

Its prowess extends to investment banking services, navigating the terrain of corporate advisory, mergers and acquisitions, sales and trading, and public offerings. The breadth of its private banking franchise and asset management arm ranks among the global elites in terms of amassed assets.

Table of Content

JPMorgan Chase & Co. Highlights
JPMorgan Chase & Co. History
Top Companies Owned by JPMorgan Chase & Co.
JPMorgan Chase & Co. Business List
Conclusion
Frequently Asked Questions on List of Companies owned by JPMorgan Chase & Co.(FAQs)

JPMorgan Chase & Co. Highlights

Below given is the brief information about JPMorgan Chase & Co.

Parent Organization Name	JP Morgan Chase
Number of Organizations	179
CB Rank (Hub)	52,479
Number of Founders	295
Average Founded Date	Jun 11, 1997
Percentage Acquired	22%
Percentage of Public Orgs	23%
Percentage Non-Profit	4%
Number of For-Profit Companies	168
Number of Non-profit Companies	8
Top Investor Types	Micro VC, Accelerator, Venture Capital, Angel Group, Government Office

JPMorgan Chase & Co. History

JPMorgan Chase & Co. is known as the biggest financial giant which includes a lot of mergers which combines a lot of big U.S. banks since 1996. It does not only includes banks but also the real estate and tech firms as well. These merger also includes all the top level companies like Chase Manhattan Bank, J.P. Morgan & Co., and Bank One, along with taking on assets from Bear Stearns, Washington Mutual, and First Republic. Before these mergers,

The JPMorgan Chase & Co. company’s history has gone a long way. Its oldest predecessor, The Bank of the Manhattan Company, holds a significant place in banking history. Established on September 1, 1799, by Aaron Burr, it’s the third oldest banking corporation in the United States and the 31st oldest bank globally.

Top Companies Owned by JPMorgan Chase & Co.

Below given is the list of top companies owned by JP Morgan Chase & Co.

Company name	Acquired On	Founder
JPMorgan & Co. Inc./The Chase Manhattan Corp	Sept. 13, 2000	Aaron Burr and Alexander Hamilton
Bank One Corp.	July 1, 2004	The McCoy family
WePay	Dec. 2017	Rich Aberman and Bill Clerico
InstaMed	July 24, 2019	Chris Seib
The Bear Stearns Companies Inc.	May 31, 2008	Joseph Ainslie Bear, Robert B. Stearns and Harold C. Mayer
Cazenove Group	Nov. 19, 2009	Philip Cazenove
Washington Mutual Bank	Sept. 25, 2008	Kerry Killinger

JPMorgan Chase & Co. Business List

Below given is the business list of JPMorgan Chase & Co.

1. JPMorgan & Co. Inc./The Chase Manhattan Corp.

JPMorgan & Co. Inc. is a New York financial institution that was established in 1871. The equally potent Chase Manhattan Corp., which had its origins all the way back to the Chase National Bank, which was established in Manhattan in 1877, was located at the opposite corner. The collision of these two titans was akin to a financial dynamite!

Experts calculated that the monetary value of this seismic merger ranged from $30.9 billion to $38.58 billion. That’s far more money than most of us could possibly dream of!

With total assets of about $660 billion at the time, the banking giant that resulted from this historic combination was born.

2. Bank One Corp.

Bank One’s journey began with the establishment of the First Banc Group of Ohio in 1968. Through a series of brilliant takeovers, First Banc started gobbling up banks left and right, first across Ohio and then venturing into new territories like Arizona, Colorado, Indiana, Texas, Utah, and Wisconsin.

As First Banc’s empire grew, it knew a fresh rebrand was in order to match its massive ambitions. Say hello to Bank One Corp. – a new name fit for a banking titan hellbent on ruling the industry!

But the biggest power move was yet to come. In 2004, the legendary financial juggernaut JPMorgan Chase set its sights on devouring Bank One in a hostile takeover for the ages. This deal was first announced in January of that year, and when the dust settled, JPMorgan Chase had solidified its place as the second-largest bank in the entire United States!

We’re talking a colossal $1.1 trillion in total combined assets here, folks. The only institution bigger was the famed Citigroup, weighing in at $1.2 trillion. With Bank One’s vast customer base and business savvy now under its wing, JPMorgan Chase had assembled an unstoppable financial force.

3. WePay

WePay was no ordinary startup – these trailblazers hit the scene way back in 2008, pioneering a revolutionary payments platform that could be harnessed by any organization needing a slick money infrastructure. We’re talking big names like the crowdfunding kings GoFundMe utilizing WePay’s game-changing tech.

With this acquisition, JPMorgan wasn’t just flexing its financial muscle – it was making a calculated leap into the wild new frontier of digital payments and fintech. These young, scrappy fintech companies were changing the game, and JPMorgan knew it needed a piece of that disruptive action.

After gobbling up WePay, JPMorgan wasted no time putting its shiny new toy to work. It started offering WePay’s fancy payment processing solutions to its absolutely massive base of four million small business clients across the country.

4. InstaMed

InstaMed had seen the growth, right after they launched their brand in the market. By 2007, they had already achieved the major part of their milestone of becoming certified payment processors for the heavy hitters Visa and Mastercard. But they were just getting starting their business!

In 2015, InstaMed flexed its innovative skills again by rolling out new services for Apple Pay. With immense services like these, it’s no wonder that in the year leading up to its big acquisition, InstaMed processed a mind-boggling $94 billion worth of transactions. These payment pros were operating on a whole other level!

But the real game-changer happened when the financial titan JPMorgan came calling in a classic “if you can’t beat ’em, acquire ’em” power move. By scooping up InstaMed, JPMorgan scored itself a cutting-edge subsidiary that instantly leveled up its payment service offerings.

5. The Bear Stearns Companies Inc.

Bear Stearns, the famous wall street firm was established in 1923. The company has seen a lot of tough times like the stock market crash of 1929 and the Great Depression. Over the years, Bear Stearns became one of the most respected and important investment banks on Wall Street.

However, their success didn’t last long as the housing market started having problems in 2008, Bear Stearns had faced huge losses. They had invested a lot of money in risky mortgages in the hope of good result and had borrowed too much money.

As the financial crisis got worse in 2008, Bear Stearns had to make a tough choice – go bankrupt or let another company which seemed to be JPMorgan, buy them. In the end, this famous Wall Street firm had to accept JPMorgan’s offer to be bought.

Bear Stearns went from being a top Wall Street bank to almost failing completely. This showed how risky the financial world can be and how important it is for companies to carefully manage their risks and debt levels.

6. Cazenove Group

Cazenove was a very big and renowned company in the UK. It was established in 1819 and became famous for being a trusted advisor to some of Britain’s biggest businesses, which also includes working for the Queen herself before she passed away.

In 2004, Cazenove decided to merge with JPMorgan, which was a huge deal for both of the companies. At first, JPMorgan bought 50% of the company Cazenove, so they split ownership 50/50. But as part of the deal, JPMorgan had the option to buy the entire company later on.

Five years later, in 2009, JPMorgan took that option and paid $1.7 billion to buy the remaining 50% of Cazenove. By buying all of Cazenove, JPMorgan showed everyone that they’re now stronger in the UK market. With Cazenove’s experience and connections, JPMorgan could upgrade themselves at giving financial services and advice to companies in the UK and around the world.

7. Washington Mutual Bank

Washington Mutual’s was established in 1889, in the city of Seattle. Before it was called the Washington National Building Loan and Investment Association. They started their services with a savings and loan bank, which means it helped people save their money and also gave them loans for things like buying a house or starting a business.

In 1917, the bank changed its name to the Washington Mutual Savings Bank. Over the years, Washington Mutual kept growing with the help of their good services, bigger and bigger. It bought other banks and financial companies to expand its reach and offer more services to people in different parts of the country.

This strategy of growing by buying other companies worked really well for Washington Mutual. By 2008, it had become the largest savings and loan bank in the whole United States!

The way Washington Mutual grew from a tiny bank in one city to a huge financial giant across the country shows how well it adapted to change and made smart plans for the future. It also shows how committed the bank was to helping people with their money needs, no matter where they lived or what they needed.

Conclusion

When it comes to JP Morgan, you’re entering into a world where they’re involved in almost everything in the market! It’s not just banking and finance; they’re into real estate, tech companies, and more. If you’re going through the list of companies JP Morgan owns, you’ll get a look of a lot of financial giant and the global corporate scene at large.