
JPMorgan Chase & Co.
American multinational investment bank and financial services holding company, the largest bank in the United States by assets, formed in 2000 through the merger of J.P. Morgan & Co. and Chase Manhattan Corporation.
Company Type
public
Founded
2000
Headquarters
New York City, New York, USA
Stock
NYSE: JPM
Revenue
$182.4 billion (FY2025)
Employees
Approximately 318,500
Primary Market
Global
About JPMorgan Chase & Co.
Is JPMorgan Chase publicly traded?
Yes, JPMorgan Chase is publicly traded on the New York Stock Exchange under the ticker symbol JPM. The company has been publicly traded since the 2000 merger and is one of the world's most valuable financial institutions by market capitalization, with a market cap of approximately $869 billion as of December 31, 2025.
What were JPMorgan Chase's FY2025 financial results?
JPMorgan Chase reported FY2025 total net revenue of $182.4 billion and net income of $57.0 billion, with diluted EPS of $20.02 and ROTCE of 20%. This was the eighth consecutive year of record revenue. The company increased its dividend from $4.80 to $5.80 per share.
Who is JPMorgan Chase's CEO?
Jamie Dimon serves as Chairman and CEO of JPMorgan Chase. He has led the company since 2005 and is one of the longest-serving CEOs of a major U.S. bank. Dimon has guided the company through the 2008 financial crisis, numerous acquisitions, and the company's technology transformation.
What is the Apple Card acquisition?
On January 7, 2026, JPMorgan Chase announced that Chase will become the new issuer of the Apple Card, acquiring the portfolio from Goldman Sachs. The firm entered into a forward purchase commitment on December 30, 2025, with an expected closing date approximately 24 months thereafter.
What are JPMorgan Chase's main business segments?
JPMorgan Chase operates through four segments: Consumer & Community Banking (retail banking, credit cards), Commercial Banking (business banking), Corporate & Investment Bank (investment banking, markets, payments), and Asset & Wealth Management (investment management). Each segment set a revenue record in Q2 2026.
How large is JPMorgan Chase?
JPMorgan Chase has $4.4 trillion in total assets, $2.56 trillion in deposits, and approximately 318,500 employees as of December 31, 2025. The company serves millions of customers in the U.S. and many of the world's most prominent corporate, institutional, and government clients globally.
How much does JPMorgan Chase invest in technology?
JPMorgan Chase invests approximately $18 billion annually in technology, with $2 billion specifically dedicated to artificial intelligence. The company treats technology spending as core infrastructure for competitive advantage against both traditional banks and fintech companies.
History of JPMorgan Chase & Co.
JPMorgan Chase traces its origins to multiple banking institutions. The modern company was formed on December 31, 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co. in a $35 billion deal.
Chase Manhattan Bank was formed through the 1955 merger of Chase National Bank (founded in 1877 by John Thompson) and The Bank of The Manhattan Company (established in 1799 by Aaron Burr, making it one of the oldest banks in the United States). J.P. Morgan & Co. was founded in 1871 by J. Pierpont Morgan and became one of the most powerful investment banks in American history.
JPMorgan Chase expanded through strategic acquisitions including Bank One Corporation (2004), Bear Stearns (2008), and Washington Mutual (2008). These acquisitions solidified the company's position as the largest bank in the United States by assets.
In 2023, JPMorgan Chase acquired First Republic Bank after its failure, expanding its wealth management and banking operations. The First Republic acquisition contributed $588 million in gains in the prior year, which did not recur in Q1 2026.
On January 7, 2026, JPMorgan Chase announced that Chase will become the new issuer of the Apple Card, acquiring the Apple credit card portfolio from Goldman Sachs. The firm entered into a forward purchase commitment on December 30, 2025, with an expected closing date approximately 24 months thereafter.
JPMorgan Chase & Co. Sustainability & Ethics
JPMorgan Chase has committed to financing and facilitating $2.5 trillion in sustainable development by 2030, supporting clean energy, sustainable infrastructure, and community development. The company aims to achieve net-zero emissions in its operations by 2050 and has implemented programs to increase renewable energy usage across its facilities and data centers.
The company supports community development through the JPMorgan Chase Foundation, which focuses on affordable housing, small business development, and financial education. JPMorgan Chase invests in workforce development, mentorship programs, and skills training to create career opportunities in underserved communities.
Awards & Recognition
- Fortune World's Most Admired Companies (2026): Ranked #5 among the world's most admired companies
- TIME World's Best Companies (2025): Ranked #3 out of 1,000 companies based on employee satisfaction, revenue growth, and sustainability transparency
- Euromoney World's Best Investment Bank (2024): Triple Crown recognition for investment banking excellence
- LinkedIn Top Companies (2024-2025): Recognition as a top employer for career growth in the U.S., U.K., Ireland, India, and France
- Coalition Greenwich Best Bank Leader (2025): Global Best Bank recognition
Controversy, Regulation & Public Scrutiny
As a systemically important financial institution, JPMorgan Chase operates under intense regulatory oversight from the Federal Reserve, Office of the Comptroller of the Currency, SEC, and international banking authorities. The company has faced significant regulatory fines and penalties for compliance issues throughout its history.
The company has faced scrutiny regarding anti-money laundering procedures, consumer protection practices, and market conduct. JPMorgan Chase has implemented enhanced compliance programs and risk management frameworks to address regulatory requirements.
The 2012 London Whale trading scandal resulted in $6.2 billion in trading losses and regulatory fines, leading to increased oversight of the company's chief investment office operations. The company has also faced scrutiny regarding its role in the 2008 financial crisis, including settlements related to mortgage-backed securities.
JPMorgan Chase has faced criticism regarding consumer banking practices, including overdraft fees, credit card practices, and mortgage servicing. The company has implemented consumer protection programs and fee transparency initiatives in response.
Dimon has warned about potential economic risks, including geopolitical tensions, sticky inflation, large global fiscal deficits, and elevated asset prices, stating that "markets seem to underappreciate the potential hazards."
Brands Owned by JPMorgan Chase & Co.
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Stock Information
JPMorgan Chase & Co. Ownership: Pros & Cons
Advantages
- +Largest bank in the U.S. by assets ($4.4 trillion), with diversified revenue across four segments
- +FY2025 net income of $57.0 billion, the eighth consecutive year of record revenue
- +Q2 2026 net income of $21.2 billion, with revenue records in every line of business
- +$18 billion annual technology investment, including $2 billion in AI
- +$291 billion in CET1 capital and $572 billion in total loss-absorbing capacity
- +AUM over $5 trillion, with $553 billion in net inflows in 2025
- +Apple Card acquisition expanding presence in premium credit card market
- +Strong market position in investment banking, with IB fees at highest level since 2021
Considerations
- -Intense regulatory scrutiny as a systemically important financial institution
- -Exposure to economic cycles, interest rate changes, and market volatility
- -Credit risk exposure: Card Services net charge-off rate of 3.34% in Q2 2026
- -Competition from fintech companies and traditional banks in digital banking
- -Complex regulatory environment across multiple jurisdictions
- -Geopolitical risks affecting international operations and cross-border transactions
- -Apple Card acquisition integration risk, with closing expected ~24 months from December 2025
Frequently Asked Questions About JPMorgan Chase & Co.
Is JPMorgan Chase publicly traded?
Yes, JPMorgan Chase is publicly traded on the New York Stock Exchange under the ticker symbol JPM. The company has been publicly traded since the 2000 merger and is one of the world's most valuable financial institutions by market capitalization, with a market cap of approximately $869 billion as of December 31, 2025.
What were JPMorgan Chase's FY2025 financial results?
JPMorgan Chase reported FY2025 total net revenue of $182.4 billion and net income of $57.0 billion, with diluted EPS of $20.02 and ROTCE of 20%. This was the eighth consecutive year of record revenue. The company increased its dividend from $4.80 to $5.80 per share.
Who is JPMorgan Chase's CEO?
Jamie Dimon serves as Chairman and CEO of JPMorgan Chase. He has led the company since 2005 and is one of the longest-serving CEOs of a major U.S. bank. Dimon has guided the company through the 2008 financial crisis, numerous acquisitions, and the company's technology transformation.
What is the Apple Card acquisition?
On January 7, 2026, JPMorgan Chase announced that Chase will become the new issuer of the Apple Card, acquiring the portfolio from Goldman Sachs. The firm entered into a forward purchase commitment on December 30, 2025, with an expected closing date approximately 24 months thereafter.
What are JPMorgan Chase's main business segments?
JPMorgan Chase operates through four segments: Consumer & Community Banking (retail banking, credit cards), Commercial Banking (business banking), Corporate & Investment Bank (investment banking, markets, payments), and Asset & Wealth Management (investment management). Each segment set a revenue record in Q2 2026.
How large is JPMorgan Chase?
JPMorgan Chase has $4.4 trillion in total assets, $2.56 trillion in deposits, and approximately 318,500 employees as of December 31, 2025. The company serves millions of customers in the U.S. and many of the world's most prominent corporate, institutional, and government clients globally.
How much does JPMorgan Chase invest in technology?
JPMorgan Chase invests approximately $18 billion annually in technology, with $2 billion specifically dedicated to artificial intelligence. The company treats technology spending as core infrastructure for competitive advantage against both traditional banks and fintech companies.
Sources & Further Reading
- JPMorgan Chase Investor Relations
- JPMorgan Chase Q4 and Full-Year 2025 Earnings Release
- JPMorgan Chase 2025 Annual Report
- JPMorgan Chase Q2 2026 Earnings Press Release
- SEC EDGAR: JPMorgan Chase & Co. (JPM)
- Jamie Dimon 2025 Chairman & CEO Letter
- JPMorgan Chase Corporate Responsibility
- JPMorgan Chase Official Website






