JPMorgan Chase Corporation

A JPMorgan Chase Corporation is a multinational corporation that provides a wide range of financial services including investment banking, asset management, private banking, and retail banking.

• Context:
  • It can have JPMorgan Chase IT Systems, such as: JP Morgan COIN (Contract Intelligence) System.
  • It can operate globally, serving millions of customers across various regions.
  • It can manage a diverse portfolio of financial services from investment banking to consumer banking.
  • It can maintain significant regulatory oversight due to its size and systemic importance.
  • It can leverage its extensive data ecosystem to enhance operational efficiency and innovation.
  • ...
• Example(s):
  • Manhattan Company, 1799, founded by Aaron Burr, which later became Chase Manhattan Bank.
  • Chemical Bank, 1824, established as the New York Chemical Manufacturing Company, later becoming a major banking entity.
  • J.P. Morgan & Co., 1871, founded by J. P. Morgan, becoming a leading commercial and investment bank.
  • Chase National Bank, 1877, established and eventually merging with the Manhattan Company to form Chase Manhattan Bank.
  • Chase Manhattan Bank, 1955, created through the merger of Chase National Bank and the Manhattan Company.
  • Formation of JPMorgan Chase & Co., 2000, resulting from the merger of J.P. Morgan & Co. and Chase Manhattan Corporation.
  • Chase Manhattan Corporation merger with Chemical Bank, 1996, creating the largest banking institution in the United States at the time.
  • JPMorgan Chase & Co. merger with Bank One, 2004, enhancing its retail banking footprint.
  • Acquisition of Bear Stearns, 2008, strengthening its investment banking division during the financial crisis.
  • Acquisition of Washington Mutual, 2008, expanding its consumer banking services significantly.
  • JPMorgan Chase, 2024, implementing advanced AI and machine learning systems, including the COIN program.
  • ...
• Counter-Example(s):
  • Citigroup Inc., a competing multinational financial services corporation.
  • Wells Fargo, another major U.S. bank but with a different focus and operational structure.
  • ...
• See: Settlement (Litigation), 270 Park Avenue (2021-Present), Midtown Manhattan, Manhattan, Public Company, DJIA, S&P 100, S&P 500, Manhattan Company, Chemical Bank, J.P. Morgan & Co., Chase National Bank.

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References

2024

• (Wikipedia, 2024) ⇒ https://en.wikipedia.org/wiki/JPMorgan_Chase Retrieved:2024-7-29.
  • JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational finance company headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023. As the largest of Big Four banks, the firm is considered systemically important by the Financial Stability Board. Its size and scale have often led to enhanced regulatory oversight as well as the maintenance of an internal "Fortress Balance Sheet". The firm is headquartered at 383 Madison Avenue in Midtown Manhattan and is set to move into the under-construction JPMorgan Chase Building at 270 Park Avenue in 2025. The firm's early history can be traced to 1799, with the founding of what became the Chase Manhattan Company. In 1871, J.P. Morgan & Co. was founded by J. P. Morgan who launched the House of Morgan on 23 Wall Street as a national purveyor of commercial, investment, and private banking services. The present company was formed after the two predecessor firms merged in 2000, creating a diversified holding entity. It is a major provider of investment banking services, through corporate advisory, mergers and acquisitions, sales and trading, and public offerings. Their private banking franchise and asset management division are among the world's largest in terms of total assets. Its retail banking and credit card offerings are provided via the Chase brand in the U.S. and United Kingdom. With US$in total assets, JPMorgan Chase is the fifth-largest bank in the world by assets. The firm operates the largest investment bank in the world by revenue. It occupies 24th place on the Fortune 500 list of the largest U.S. corporations by revenue. In 2023, JPMorgan Chase was ranked #1 in the Forbes Global 2000 ranking. It receives routine criticism for its risk management, broad financing activities, and large-scale legal settlements.

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