Introduction to Jpmorgan Chase & Co.
Section 1
PROFILE OF JPMORGAN CHASE & CO.
1.1 Introduction of the Company
JPMorgan Chase & Co. (NYSE: JPM) is an American multinational banking corporation of securities, investments and retail. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets. It is a major provider of financial services, with assets of $2.509 trillion. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P Morgan & Co.
JPMorgan Chase is one of the Big Four banks of the United States with Bank of America, Citigroup and Wells Fargo. According to Bloomberg, as of October 2011 JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets. Through its predecessor, the Bank of the Manhattan Company, it is the 22nd oldest bank in the world. Similarly, according to Forbs magazine, JPMorgan Chase & Co. is the world's second largest public company based on a composite ranking and at 16th position of fortune 500 list from previous rank 13. The Bank of America Corporation stands at first and Citigroup at second place based on the composite ranking.
Through a continuous operation in the market for over 160 year, J.P. Morgan has been upgrading and strengthening its hold in the U.S market. Currently the firm is operating its business in 6 major area of expertise which includes:
1] Asset Management 2] Commercial Banking
3] Investment Bank 4] Private Bank
5] Securities Services 6] Treasury Services
1.2 History of JPMorgan Chase & Co.
The heritage of the House of Morgan traces its roots to the partnership of Drexel, Morgan & Co., which in 1895 was renamed J.P. Morgan & Co. (see also: J. Pierpont Morgan). Arguably the most influential financial institution of its era, J.P. Morgan & Co. financed the formation of the United States Steel Corporation, which took over the business of Andrew
PROFILE OF JPMORGAN CHASE & CO.
1.1 Introduction of the Company
JPMorgan Chase & Co. (NYSE: JPM) is an American multinational banking corporation of securities, investments and retail. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets. It is a major provider of financial services, with assets of $2.509 trillion. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P Morgan & Co.
JPMorgan Chase is one of the Big Four banks of the United States with Bank of America, Citigroup and Wells Fargo. According to Bloomberg, as of October 2011 JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets. Through its predecessor, the Bank of the Manhattan Company, it is the 22nd oldest bank in the world. Similarly, according to Forbs magazine, JPMorgan Chase & Co. is the world's second largest public company based on a composite ranking and at 16th position of fortune 500 list from previous rank 13. The Bank of America Corporation stands at first and Citigroup at second place based on the composite ranking.
Through a continuous operation in the market for over 160 year, J.P. Morgan has been upgrading and strengthening its hold in the U.S market. Currently the firm is operating its business in 6 major area of expertise which includes:
1] Asset Management 2] Commercial Banking
3] Investment Bank 4] Private Bank
5] Securities Services 6] Treasury Services
1.2 History of JPMorgan Chase & Co.
The heritage of the House of Morgan traces its roots to the partnership of Drexel, Morgan & Co., which in 1895 was renamed J.P. Morgan & Co. (see also: J. Pierpont Morgan). Arguably the most influential financial institution of its era, J.P. Morgan & Co. financed the formation of the United States Steel Corporation, which took over the business of Andrew