JPMorgan Chase was created in 2000 through a merger and became the largest bank in the United States by assets.
The modern company formed when J.P. Morgan and Chase Manhattan merged in 2000. Its history also incorporates major institutions such as Bank One, Washington Mutual's banking operations, and the older firms that preceded J.P. Morgan and Chase.
JPMorgan Chase operates consumer banking, commercial banking, investment banking, asset management, and private banking businesses. The consumer-facing Chase brand is especially prominent in the United States, while J.P. Morgan is widely used for institutional and investment-banking services.
Bank size can be measured in several ways, including assets, deposits, loans, revenue, or market capitalization. Those measures produce different comparisons. Market capitalization is the value of publicly traded equity, whereas assets are resources reported on the balance sheet and do not directly equal shareholder value.