JPMorgan Chase was formed in 2000 through the merger of Chase Manhattan Corporation and J.P. Morgan & Co.
The merger combined two institutions with different historical strengths. Chase Manhattan had deep roots in commercial and retail banking, while J.P. Morgan was associated with corporate finance, investment banking, and wealth management.
The resulting company became one of the largest banking groups in the United States. Its businesses include consumer banking under Chase, investment banking and markets, commercial banking, and asset and wealth management. The firm serves individuals, companies, governments, and institutions.
The name preserves both sides of the merger, but the organization’s history reaches much further back. J.P. Morgan & Co. descended from banking firms linked to financier J. Pierpont Morgan, while Chase’s name honored former U.S. Treasury Secretary Salmon P. Chase. JPMorgan Chase is among the world’s most valuable financial companies.