The company came into existence from the merger of Chase Manhattan and JP Morgan. Among the largest banks in the United States (along with Citigroup and Bank of America), JPMorgan Chase is known for its focus on retail operations.
JPMorgan Chase is also highly competitive in mortgage and automobile loans; they have a large consumer credit card division as well.
JPMorgan Chase business areas:
- Asset Management
- Banking - Investment, Commercial, and Private
- Securities Services
- Treasury Services
Recent accolades:
- #1 large middle-market lender in the United States (Source: Loan Pricing Corporation, 2005).
- #1 asset-based lender in the United States (Source: Loan Pricing Corporation, 2005).
Performance:
The company reported Sales of $99.84 billion and net income of $14.44 billion in 2006. Annual revenues and Profits were reported to be $79.9 billion and $8.48 billion respectively.JPMorgan Chase ranks 17th on the Fortune 500.
Assets & Infrastructure:
The five subsidiaries of JPMorgan Chase & Co. in the United States are:- Chase Bank USA, National Association
- JPMorgan Chase Bank, National Association
- J.P. Morgan Trust Company, National Association
- Pier 1 National Bank
- JPMorgan Chase Bank, Dearborn JPMorgan Chase had assets of $1.198 trillion as of 2006.
Organization:
James (Jamie) Dimon is the Company Chairman, President, and CEO. JPMorgan Chase had 168,847 employees on its payroll in 2005.Headquarters:
270 Park Ave.New York, NY 10017
Phone: 212-270-6000
Fax: 212-270-1648
Website: www.jpmorganchase.com
