JPMorgan Chase was created by the 2000 merger of J.P. Morgan and Chase Manhattan.
The merger was announced in September 2000 and completed later that year, creating JPMorgan Chase & Co. The combined company brought together J.P. Morgan’s investment-banking heritage and Chase Manhattan’s commercial-banking operations. Its shares trade on the New York Stock Exchange under JPM.
JPMorgan Chase is a diversified financial-services company with consumer banking, commercial banking, investment banking, asset management, and payments businesses. Its consumer bank operates under the Chase name, while J.P. Morgan is widely used for institutional and wealth-management services.
The modern company also reflects earlier combinations, including the 2004 merger with Bank One and the 2008 acquisition of Bear Stearns. It is not the same institution as JPMorgan, the historical banking firm founded by J. Pierpont Morgan, although that legacy is part of its corporate history. Its market capitalization changes as its share price moves.