Profile: JPMorgan Chase & Co (JPM.N)
28 Mar 2017
JPMorgan Chase & Co. (JPMorgan Chase), incorporated on October 28, 1968, is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase's activities are organized into four business segments, as well as a Corporate segment. The Company's segments include Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. Its principal bank subsidiaries include JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national banking association, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national banking association that is the Company's credit card-issuing bank. JPMorgan Chase's principal nonbank subsidiary is J.P. Morgan Securities LLC (JPMorgan Securities), the United States investment banking firm. The bank and nonbank subsidiaries of JPMorgan Chase operate nationally, as well as through overseas branches and subsidiaries, representative offices and subsidiary foreign banks. The Company's principal operating subsidiary in the United Kingdom is J.P. Morgan Securities plc, a subsidiary of JPMorgan Chase Bank, N.A.
Consumer & Community Banking
The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking. It is organized into Consumer & Business Banking (including Consumer Banking/Chase Wealth Management and Business Banking), Mortgage Banking (including Mortgage Production, Mortgage Servicing and Real Estate Portfolios) and Card, Commerce Solutions & Auto. Consumer & Business Banking offers deposit and investment products and services to consumers, and lending, deposit, and cash management and payment solutions to small businesses. Mortgage Banking includes mortgage origination and servicing activities, as well as portfolios consisting of residential mortgages and home equity loans. Card, Commerce Solutions & Auto issues credit cards to consumers and small businesses, offers payment processing services to merchants, originates and services auto loans and leases, and services student loans.
Corporate & Investment Bank
The Corporate & Investment Bank segment, which consists of Banking and Markets & Investor Services, offers a suite of investment banking, market-making, prime brokerage, and treasury and securities products and services to a global client base of corporations, investors, financial institutions, government and municipal entities. Banking offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital-raising in equity and debt markets, as well as loan origination and syndication. Banking also includes Treasury Services, which provides transaction services, consisting of cash management and liquidity solutions. Markets & Investor Services is a global market-maker in cash securities and derivative instruments, and also offers risk management solutions, prime brokerage, and research. Markets & Investor Services also includes Securities Services, a global custodian that provides custody, fund accounting and administration, and securities lending products principally for asset managers, insurance companies and public and private investment funds.
The Commercial Banking segment delivers industry knowledge, local expertise and service to the United States and the United States multinational clients, including corporations, municipalities, financial institutions and non-profit entities. It provides financing to real estate investors and owners. It also provides financial solutions, including lending, treasury services, investment banking and asset management.
Asset & Wealth Management
The Asset & Wealth Management segment comprises investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in markets throughout the world. It offers investment management across asset classes, including equities, fixed income, alternatives and money market funds. It also offers multi-asset investment management, providing solutions for a range of clients' investment needs. For Wealth Management clients, it also provides retirement products and services, brokerage and banking services, including trusts and estates, loans, mortgages and deposits.
JPMorgan Chase & Co
270 Park Ave Fl 38
NEW YORK NY 10017-2014
Company Web Links
- MOVES-JPMorgan Asia equity capital markets head leaves -IFR
- Barry Meyers to rejoin JPMorgan after almost two years at Barclays
- BRIEF-JPMorgan Chase declares common stock dividend
- Record outbound Canadian M&A gives foreign banks an upper hand
- MOVES-JPMorgan Chase names Kresse head of small business banking