JPMorgan Chase is the United States bank formed through the 2000 merger of Chase Manhattan and J.P. Morgan that has ranked among the largest companies by market capitalization.
J.P. Morgan and Chase Manhattan combined in 2000, creating JPMorgan Chase. The modern company also incorporates the long histories of institutions such as Chemical Bank, Bank One, and Washington Mutual's banking operations acquired during the 2008 financial crisis.
The group operates consumer banking, commercial banking, investment banking, asset management, and private banking businesses. Its JPMorgan and Chase brands serve different parts of the market, although both belong to the same corporation.
JPMorgan Chase's market capitalization is determined by the value investors place on its shares. That figure should not be confused with the total value of deposits, loans, or assets shown on the bank's balance sheet.