JPMorgan Chase is the American bank whose history began with The Bank of the Manhattan Company in 1799 and that became a top market-cap financial company.
The Bank of the Manhattan Company was founded in New York City in 1799. Its corporate lineage later included Chase National Bank and many other institutions. The modern company was formed when J.P. Morgan and Chase merged in 2000, followed by the acquisition of Bank One in 2004.
JPMorgan Chase operates consumer banking, commercial banking, investment banking, asset management, and payments businesses. Its consumer-facing Chase brand is distinct from the JPMorgan brand, which is used heavily in institutional and investment banking.
The bank is often confused with JPMorgan & Co., the historical financial firm associated with J. Pierpont Morgan. JPMorgan Chase is the modern diversified corporation, while J.P. Morgan is now chiefly a brand within the company. Its headquarters are in New York City.