JPMorgan Chase was the world’s most valuable banking company by market capitalization in 2024.
JPMorgan Chase is the largest bank in the United States by assets and operates through consumer banking, commercial banking, investment banking, and asset management. Its scale and broad business mix helped it maintain the highest stock-market valuation among banking groups during 2024.
The company’s modern organization includes the historic J.P. Morgan investment bank and Chase consumer brand. JPMorgan Chase was created in 2000 through the merger of J.P. Morgan and Chase Manhattan, while later acquisitions expanded its presence in retail and investment banking.
A bank’s market capitalization measures the value investors assign to its shares. It differs from total assets, deposits, or annual revenue, so rankings by those measures can produce different results.