Trade JPMorgan Chase & Co - JPM CFD

Profile

JPMorgan Chase (JPM) is a financial holding company, headquartered in New York, the USA and incorporated in 1968. The company specialises in financial services, investment and commercial banking, asset management, financial transaction processing, and private equity. This is one of the largest US banking institutions with a global presence.  

History in short

JPMorgan Chase traces its roots to 1799. The banking institution has over 1,200 heritage financial companies, which have joined to form the company we know today. A list of predecessors of the bank includes J.P. Morgan & Co., Bank One, Chemical Bank, National Bank of Detroit, The Chase Manhattan Bank, etc.

Business structure

JPMorgan Chase’s activities are organised into five key business divisions:

1.    Consumer & Community Banking

2.    Corporate & Investment Banking

3.    Commercial Banking

4.    Asset Management

5.    Corporate/Private Equity

Subsidiaries

JPMorgan Chase & Co. operates through bank and nonbank subsidiaries in the USA as well as through international subsidiaries and subsidiary foreign banks, branches, and representative offices. Here are the major bank subsidiaries:

•    JPMorgan Chase Bank, National Association (with branches in 23 US states)

•    Chase Bank USA, National Association (credit card issuer)

•    J.P. Morgan Securities LLC (investment banking, USA)

•    J.P. Morgan Securities plc (UK operating subsidiary)

Key brands

JPMorgan Chase provides financial services under its J.P. Morgan and Chase brands.

1. J.P. Morgan

Under the J.P. Morgan brand, the company serves institutional investors and individuals across the following areas: Investment Banking, Markets & Investor Services, Treasury Services, Asset Management, Private Banking, and Wealth Management & Brokerage.

2. Chase

Under the Chase brand, the company serves approximately half of America’s households, providing a wide range of financial services: personal banking, mortgages, auto financing, investment advice, credit cards, small business loans, and payment processing.  

Global presence

JPMorgan Chase serves individual customers, small and large companies, governments and institutions in more than 100 countries. Today, the company employs over 240,000 staff members in more than 60 countries globally. The corporate headquarters of JPMorgan Chase are located in Manhattan, New York City, the USA.

Top competitors

JPMorgan Chase is included in the ‘Big Four’ US banks, along with Bank of America, Citigroup and Wells Fargo. The bank’s main global competitors, in terms of market capitalisation, are the Industrial and Commercial Bank of China, and China Construction Bank.

Listing information

JPMorgan Chase is listed on the New York (NYSE) and London (LSE) stock exchanges. The company constitutes the DJIA, S&P 500, and the S&P 100 market indices.