Profile: JPMorgan Chase is one of the oldest financial institutions in the United States. With a history dating back over 200 years. JPMorgan Chase is a leading global financial services firm with assets of $2.6 trillion and operates worldwide. The company is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transactions processing and asset management. JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
JPMorgan Chase’s earliest predecessor institution was The Manhattan Company, which was founded in 1799.J P Morgan Chase is the result of the combination of several large U.S. banking companies since 1996, including Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns and Washington Mutual. The present company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co. JPMorgan Chase operates in over 60 countries with more than 240,000 employees worldwide.
Top Executives: Mr Jamie Dimon is Chairman of the Board and Chief Executive Officer and Mr Marc Badrichani is the Head of Global Sales & Research.
Chairman and CEO, Jamie Dimon owns 631,998 shares of JPMorgan Chase, representing 0.02% of all outstanding company shares.
Mary Callahan Erdoes (CEO of JPMorgan Chase’s Asset & Wealth Management business) owns 493,266 shares of the company, representing 0.02% of all outstanding company shares.
Vanguard Group owns 244.9 million shares, representing 8.0% of total shares outstanding
BlackRock owns 204.4 million shares, representing 6.7% of total shares outstanding of JPMorgan Chase.
Sales: In the quarterly results posted on January 2021, JPMorgan Chase’s Net income was $12.1 billion, up 42%, largely driven by credit reserve releases of $2.9 billion. Net revenue of $30.2 billion was up 3%.
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