JPMorgan Chase is identified by the stock ticker JPM and has been one of the world’s largest banks by market capitalization.
JPMorgan Chase & Co. is a major U.S. financial-services company headquartered in New York City. Its businesses include consumer banking, investment banking, commercial banking, asset management, and payments. The company operates the Chase consumer banking brand in the United States.
The modern company was created through a series of mergers, including the 2000 combination of J.P. Morgan and Chase Manhattan. In 2004, JPMorgan Chase merged with Bank One, bringing Jamie Dimon into the company; he became chief executive in 2006.
JPMorgan Chase is often compared with Bank of America, Citigroup, and Goldman Sachs, but the firms have different mixes of retail banking, lending, trading, and advisory operations. Market capitalization measures the value of shareholders’ equity, not the total value of customer deposits.