Chairman & CEO
Daniel Eduardo Pinto
Co-President & Co-COO
Gordon A. Smith
Co-President & Co-COO
JPMorgan Chase was founded in the year 2000. The company has been operational for almost 19 years now. The founder of the company was John Pierpont Morgan. The origins of the company go back to the year 1799 when the Bank of the Manhattan Company was founded by Aaron Burr. JP Morgan Chase as a company was formed due to the amalgamation of various other large companies as well, namely - J.P. Morgan & Co, Chase Manhattan Bank, Bank One, Washington Mutual and Bear Stearns. The Chase Manhattan Bank was founded in the year 1955 after it was taken over by the Bank of the Manhattan Company. The Chase Manhattan Bank was one of the most prestigious banking concerns during the 1970s and the 1980s. In the 1990s, the real estate market collapsed and therefore weakened the corporation as well. In the year 1996, the organisation was taken over by Chemical Bank.
On the other hand, JP Morgan & Company was founded in the year 1895 as Drexel, Morgan & Company, which was later renamed to the current company, JP Morgan & Co. The company was one of the most influential financial institutions during its time. The company was responsible for the establishment of United States Steel Corporation. The other organisation in the list was Bank One Corporation, which was founded in the year 1998, due to an amalgamation between the Bank One of Columbus and also the First Chicago NBD. The fourth organisation that helped in the formation of JP Morgan Chase was Bear Sterns, which was founded in the year 1923. As of the year 2007, the organisation was the most significant investment bank in the USA. The final company that aided in the formation of JP Morgan Chase was Washington Mutual, which was founded in the year 1889. During the mid and late 2000s, JP Morgan Chase had been responsible for the acquisition of various other companies, namely Collegiate Funding Services, Lightyear Capital, the banking and retail business of Bank of New York Mellon, Climate Care, etcetera. As of the year 2016, the company has decided that it will not be investing in coal power plants and also mines as well. In the year 2017, the company was sued by the Nigerian Government for about $875 million for corruption charges. In the year 2019, the company has launched JP Coin - a currency that will be used to settle various kinds of transactions between clients and wholesale businesses. The headquarters of the company is based at 383 Madison Avenue. The name of the place is New York, while the name of the state is New York, USA. The pin code of the area is 10017.
JP Morgan Chase is an American company that focuses on providing various kinds of financial services, including asset management, investment banking, treasury management and other services to its customers and clients, across the globe. The current CEO and chairman of the company are Jamie Dimon. As of the year 2018, the total revenue generated by the company is more than $109 billion. Also, the number of employees working in the company, as of the year 2018, is more than 256,100.
The primary services provided by the company include allowing customers to obtain various kinds of banking and financial services offered by the company itself. The services provided by the company include asset allocation and management, capital market services, bond trading, consumer banking, corporate banking, financial market utilities, finance and insurance, investment management, investment capital, wealth management, foreign currency exchange, etcetera.
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