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JPMorgan Chase

JPMorgan Chase & Co. is an American multinational financial institution 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.[4][5] 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".[6][7] 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.

This article is about the current company. For its predecessor, see J.P. Morgan & Co. For its subsidiary, see Chase Bank. For other uses, see J. P. Morgan (disambiguation).

Company type

December 1, 2000 (2000-12-01)

Worldwide

Increase US$158.1 billion (2023)

Increase US$49.55 billion (2023)

Increase US$3.422 trillion (2023)

Increase US$3.875 trillion (2023)

Increase US$327.9 billion (2023)

309,926 (2023)

  • Asset and Wealth Management
  • Consumer and Community Banking
  • Commercial Banking
  • Corporate and Investment Banking

Tier 1 16.6% (2023)

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$3.9 trillion in total assets,[8] JPMorgan Chase is the fifth-largest bank in the world by assets. The firm operates the largest investment bank in the world by revenue.[9][10] 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.[11] It receives routine criticism for its risk management, broad financing activities, and large-scale legal settlements.

Chase Bank

JPMorgan Securities, LLC.

Political contributions[edit]

JPMorgan Chase's PAC and its employees contributed $2.6 million to federal campaigns in 2014 and financed its lobbying team with $4.7 million in the first three-quarters of 2014. JPMorgan's giving has been focused on Republicans, with 62 percent of its donations going to GOP recipients in 2014. 78 House Democrats received campaign cash from JPMorgan's PAC in the 2014 cycle at an average of $5,200 and a total of 38 of the Democrats who voted for the 2015 spending bill took money from JPMorgan's PAC in 2014. JPMorgan Chase's PAC made maximum donations to the Democratic Congressional Campaign Committee and the leadership PACs of Steny Hoyer and Jim Himes in 2014.[191]

Climate change[edit]

JPMorgan has come under criticism for investing in new fossil fuels projects since the Paris climate change agreement. From 2016 to the first half of 2019 it provided $75 billion (£61 billion) to companies expanding in sectors such as fracking and Arctic oil and gas exploration.[192] According to Rainforest Action Network its total fossil fuel financing was $64 billion in 2018, $69 billion in 2017 and $62 billion in 2016.[193] From 2015, which is when the Paris Agreement was adopted, until 2021, JP Morgan Chase provided $317 billion in fossil fuel financing; 33% more than any other bank.[194] On October 21, 2021, JP Morgan Chase joined the Net-Zero Banking Alliance,[195] which supports "the global transition of the real economy to net-zero emissions."[196]


An internal study, 'Risky business: the climate and macroeconomy', by bank economists David Mackie and Jessica Murray was leaked in early‑2020. The report, dated 14 January 2020, states that under our current unsustainable trajectory of climate change "we cannot rule out catastrophic outcomes where human life as we know it is threatened". JPMorgan subsequently distanced itself from the content of the study.[197]


In May 2023, JPMorgan Chase announced that it would purchase $200 million in carbon credits representing 800,000 metric tons of carbon dioxide removal (CDR) from multiple companies (including Climeworks and Charm Industrial) after announcing the previous month that it would join the Frontier CDR initiative formed by Alphabet Inc., McKinsey & Company, Meta Platforms, Shopify, and Stripe, Inc. under a $925 million advance market commitment to the CDR industry the previous year.[list 1]

JPMorgan Chase World Headquarters
383 Madison Avenue
New York City

JPMorgan Chase World Headquarters 383 Madison Avenue New York City

JPMorgan Chase World Headquarters (under construction)
270 Park Avenue
New York City

JPMorgan Chase World Headquarters (under construction) 270 Park Avenue New York City

277 Park Avenue
New York City

277 Park Avenue New York City

28 Liberty Street
New York City

28 Liberty Street, New York City

Chase Tower
Chicago, Illinois

Chase Tower Chicago, Illinois

JPMorgan Chase Building
San Francisco, California

JPMorgan Chase Building San Francisco, California

Chase Tower
Dallas, Texas

Chase Tower Dallas, Texas

Chase Tower
Phoenix, Arizona

Chase Tower Phoenix, Arizona

JPMorgan Chase Tower
Houston, Texas

JPMorgan Chase Tower Houston, Texas

25 Bank Street
London, United Kingdom

25 Bank Street London, United Kingdom

JPMorgan Chase & Co. Tower
Hyderabad, Telangana, India

(formerly Bank One Ballpark), Phoenix, ArizonaArizona Diamondbacks, MLB

Chase Field

San Francisco, California – Golden State Warriors, NBA

Chase Center

Major League Soccer

Chase Auditorium (formerly Bank One Auditorium) inside of in Chicago, Illinois (formerly Bank One Tower)

Chase Tower

The , owned and operated by JPMorgan Chase, is the largest corporate road racing series in the world with over 200,000 participants in 12 cities in six countries on five continents. It has been held annually since 1977 and the races range in size from 4,000 entrants to more than 60,000.

JPMorgan Chase Corporate Challenge

JPMorgan Chase is the official sponsor of the

US Open

is the Principal Sponsor of the English Premiership Rugby 7s Series

J.P. Morgan Asset Management

Sponsor of the , a two-year-old fillies horse race at Keeneland, Lexington, Kentucky since 2006.

Jessamine Stakes

in Wilmington, Delaware where Joe Biden accepted his election as President of the United States in 2020.

Chase Center on the Riverfront

(now-defunct)

European Super League

(9.46%)

The Vanguard Group

(6.66%)

BlackRock

(4.35%)

State Street Corporation

(2.25%)

Morgan Stanley

(1.92%)

Geode Capital Management

(1.83%)

Fidelity Investments

(1.77%)

Bank of America

(1.44%)

Capital International Investors

(1.38%)

Wellington Management Company

(1.23%)

Norges Bank

JPMorgan Chase is mainly owned by institutional investors, with over 70% of shares held. The 10 largest shareholder of the bank in December 2023 were:[234]

chairman and CEO of JPMorgan Chase

Jamie Dimon

Linda Bammann, former JPMorgan and executive

Bank One

chairman of NBCUniversal

Steve Burke

CEO of GEICO

Todd Combs

president of Henry Crown and Company

James Crown

CEO of Alto Pharmacy

Alicia Boler Davis

Timothy Flynn, former chairman and CEO of

KPMG

former CEO and chairman of Johnson & Johnson

Alex Gorsky

CEO of Ariel Investments

Mellody Hobson

Michael Neal, CEO of

GE Capital

chairwoman and CEO of General Dynamics

Phebe Novakovic

Executive Chairwoman of IBM, former chairwoman, president and CEO of IBM

Virginia Rometty

– son of the late Senator Nelson Aldrich

Winthrop Aldrich

– former general manager of the Bank for International Settlements (1994–2003)

Andrew Crockett

– chairman of Eircom

Pierre Danon

– former CIO of JP Morgan Chase

Ina Drew

– member of the board of directors of Microsoft, Accenture and PepsiCo and former executive vice president and chief financial officer of JPMorgan Chase

Dina Dublon

– member of the board of directors of The Coca-Cola Company and former CEO of JPMorgan Private Bank

Maria Elena Lagomasino

– Governor of the Bank of Israel

Jacob A. Frenkel

– acting head of J.P. Morgan & Co. on Black Tuesday

Thomas W. Lamont

– former CEO of Hong Kong Exchanges and Clearing

Charles Li

– former CEO of The Travelers Companies

Robert I. Lipp

– chairman of Gannett Company[243]

Marjorie Magner

– co-founder of Morgan Stanley, son of J. P. Morgan Jr. and grandson of financier J. P. Morgan

Henry S. Morgan

Lewis Reford – Canadian political candidate

– patriarch of the Rockefeller family

David Rockefeller

– current CEO of Wells Fargo

Charlie Scharf

– former JPMorgan partner, co-founder of Morgan Stanley

Harold Stanley

– former CEO of Barclays

Jes Staley

– former CEO of First Chicago Bank and deputy mayor of New York City

Barry F. Sullivan

– current CEO of Barclays

C. S. Venkatakrishnan

– former chief risk officer (CRO) of J. P. Morgan and current member of the board of directors at Bank of Montreal

Don M. Wilson III

– executive vice-chairman of Manchester United F.C.

Ed Woodward

History of the credit default swap

History of banking in the United States

(Palladium Card)

J.P. Morgan Reserve Card

Big Four banks

Horn, Martin (2022). Cambridge University Press.

J.P. Morgan & Co. and the Crisis of Capitalism: From the Wall Street Crash to World War II.

Official website

Bloomberg