JPMorgan Chase traces its corporate ancestry to the 1799 founding of the Manhattan Company.
JPMorgan Chase & Co. is a major American financial-services company with consumer banking, commercial banking, investment banking, asset management, and payments businesses. Its scale and diversified operations have made it one of the world’s most valuable banking groups by market capitalization.
The Manhattan Company was founded in New York in 1799. Its banking successor eventually became part of the Chase organization. The modern company was created in 2000 when J.P. Morgan and Chase Manhattan merged, and it expanded again when JPMorgan Chase acquired Bank One in 2004 and Washington Mutual’s banking operations in 2008.
The name contains two related but historically distinct banking traditions. J.P. Morgan grew from investment banking and corporate finance, while Chase developed from commercial banking. JPMorgan is commonly used for investment banking, whereas Chase is the familiar consumer-banking brand in the United States.