JPMorgan Chase & Co
What is JPMorgan Chase & Co?
Known as the 'Big Bank', it's one of the oldest, largest and best-known financial institutions in the world, with operations in over 60 other countries. Among its millions of customers, there are individuals and small businesses alongside institutions, government establishments and corporate clients.
Where have you heard about JPMorgan Chase & Co?
You may have heard about it making a lot of money. In fact, in 2016, JPMorgan Chase & Co earned more than any other bank in the US, with an astonishing net income of $22.6 billion. And that's just one year: the Big Bank has assets under management of $2.4 trillion (as of February 2017).
What you need to know about JPMorgan Chase & Co.
JPMorgan Chase is a component of the Dow Jones Industrial Average and trades on the New York Stock Exchange (NYSE) under the ticker JPM.
The Big Bank has been in business, in some shape or form, since 1799. The financial institution owes its current size and scale to a number of key mergers, including the two firms that gave the bank its current name: J.P Morgan and Chase Manhattan.
The bank has four main business areas:
- consumer and community banking
- corporate and investment banking
- commercial banking
- asset management
The lion's share of the bank's revenue comes from consumer and community banking, and corporate and investment banking.
Find out more about JPMorgan Chase & Co.
Stocks in JPMorgan Chase & Co are included on the Dow Jones Industrial Average. Find out more about the importance of this important index.