Which company is the parent of JPMorgan Chase Bank and investment bank J.P. Morgan?
Answer
JPMorgan Chase & Co.
JPMorgan Chase & Co. is the parent of JPMorgan Chase Bank and investment bank J.P. Morgan.
The company operates through major businesses including consumer and community banking, commercial banking, corporate and investment banking, and asset and wealth management. Its brands serve individuals, businesses, governments, and institutional investors worldwide.
JPMorgan Chase was formed in 2000 through the merger of J.P. Morgan and Chase Manhattan. The modern company also reflects a long history of bank mergers, including the 2004 combination with Bank One and the 2008 acquisition of Bear Stearns during the global financial crisis.
A common mix-up is treating J.P. Morgan and JPMorgan Chase as interchangeable names. J.P. Morgan is chiefly associated with the firm's investment-banking and institutional businesses, while Chase is the consumer and commercial banking brand in the United States.