History:
JP Morgan Chase is a global heavyweight in the field of financial services, investment banking, asset and wealth management, and private equity.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 one of the top mortgage lenders, automobile loan writers, and credit card issuers in the US.
Activities:
JPMorgan Chase businesses can be classified as:- Investment Bank
- Private Banking
- Securities Services
- Treasury Services
- It is the Number one large middle-market lender in the United States (Source: Loan Pricing Corporation, 2005).
- It is the Number one asset-based lender in the United States (Source: Loan Pricing Corporation, 2005).
Performance:
As a Group reported annual Sales of $99,845.0 million and Net Income of $14,444.0 million in 2006. Annual revenues and Profits were reported to be $79,902.0 million and $8,483.0 million respectively. JPMorgan Chase ranks 17th on the Fortune 500 list of Companies.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
Organization:
James (Jamie) Dimon is the Company Chairman, President, and CEO. . JPMorgan Chase had 168,847 employees on its payroll in 2005.Address:
270 Park Ave.New York, NY 10017
Phone: 212-270-6000
Fax: 212-270-1648
Website: www.jpmorganchase.com
