JPMorgan Chase & Co., headquartered in New York City and incorporated in Delaware, is an American global investment bank and financial services holding corporation. With total assets of US$3.744 trillion as of December 31, 2021, JPMorgan Chase is the largest bank in the United States, the world’s largest bank by market capitalization, and the fifth-largest bank in the world in terms of total assets.

J.P. Morgan is a global financial services giant that provides solutions to the world’s most important firms, governments, and organizations in over 100 countries. JPMorgan Chase said in early 2018 that it will invest $1.75 billion in charitable investments around the world by 2023. We also organize voluntary service events for employees in their areas by leveraging our numerous resources, which include access to finance, economies of scale, worldwide connections, and experience.

It is a significant provider of various investment banking and financial services as a “Bulge Bracket” bank. Along with Bank of America, Citigroup, and Wells Fargo, it is one of America’s Big Four banks. JPMorgan Chase is classified as both a universal and a custodial bank. The investment banking, asset management, private banking, private wealth management, and treasury services departments all utilize the J.P. Morgan brand. JPMorgan Chase Bank, N.A.—the actual trustee is in charge of fiduciary action in private banking and private wealth management. The Chase brand is used for credit card services in the United States and Canada, retail banking in the United States and the United Kingdom, and commercial banking in the United States and the United Kingdom. Since the previous headquarters building directly across the street, 270 Park Avenue, was demolished and a larger replacement headquarters is being built on the same site, both the retail and commercial bank, as well as the bank’s corporate headquarters, are now located at 383 Madison Avenue in Midtown Manhattan, New York City. [14] The Financial Stability Board considers it a systemically important bank.

Chemical Bank was the initial name of the current corporation, which purchased Chase Manhattan and adopted its name. When Chase Manhattan Corporation combined with J.P. Morgan & Co. in 2000, the current company was founded.

How JPMorgan Chase  Do Business

We seek to run a thriving business that we can be proud of while also supporting a sustainable and inclusive economy. To achieve these objectives, we must adhere to our key business principles, which include providing exceptional client service, operational excellence, fairness and responsibility, a commitment to honesty, and the development of a great team and winning culture. All of this is the foundation of our Firm’s long-term performance – and thus of our capacity to continue to provide for all of our stakeholders – customers and clients, workers, community, and shareholders. The following are our business principles.

CONSUMER & COMMUNITY BANKING

Consumers and businesses can access CCB services through bank branches, ATMs, digital (including mobile and internet), and telephone banking. Consumer & Business Banking (containing Consumer Banking, J.P. Morgan Wealth Management, and Business Banking), Home Lending (including Home Lending Production, Home Lending Servicing, and Real Estate Portfolios), and Card & Auto are the divisions of CCB. Consumer & Business Banking provides consumers with a deposit, investment, and loan products, as well as payments and services, and small companies with lending, deposit, cash management, and payment solutions. Mortgage origination and servicing activities, as well as portfolios of residential mortgages and home equity loans, are all part of home lending. Card & Auto provides credit cards to individuals and small businesses, as well as originates and handles auto loans and leases.

CORPORATE & INVESTMENT BANK

To a global client base of corporations, investors, financial institutions, merchants, and government and municipal bodies, CIB provides a comprehensive suite of investment banking, market-making, prime brokerage, and treasury and securities products and services. Banking provides a comprehensive variety of investment banking products and services in all major capital markets, including business strategy and structure advice, capital-raising in the stock and debt markets, and loan origination and syndication. Banking also comprises Payments, which provides clients with payment services that allow them to manage payments and receipts globally, as well as cross-border financing. Markets & Securities Services comprises Markets, a worldwide market-maker with products ranging from cash to derivatives, as well as advanced risk management solutions, prime brokerage, and research.

Securities Services, a leading global custodian that provides custody, fund accounting, administration, and securities lending solutions primarily to asset managers, insurance companies, and public and private investment funds, is also part of Markets & Securities Services.

ASSET & WEALTH MANAGEMENT

Asset Management provides institutional and retail investors with multi-asset investment management solutions across stocks, fixed income, alternatives, and money market funds, meeting a wide spectrum of clients’ investment needs. The Global Private Bank offers high-net-worth clients retirement plans and services, brokerage, custody, trusts and estates, loans, mortgages, deposits, and investment management. AWM’s client assets are mostly invested in actively managed funds.

CORPORATE

The Corporate division contains Treasury and the Chief Investment Office (“CIO”), as well as Other Corporate, which covers corporate employee duties and centrally managed expenses. Treasury and the CIO are primarily in charge of assessing, monitoring, reporting on, and managing the Firm’s liquidity, funding, capital, structural interest rate, and foreign exchange risks. Real Estate, Technology, Legal, Corporate Finance, Human Resources, Internal Audit, Risk Management, Compliance, Control Management, Corporate Responsibility, and numerous Other Corporate groups are among the primary Other Corporate functions. Our quarterly earnings documents, as well as our quarterly and annual filings on Form 10-Q and Form 10-K, contain information regarding JPMorgan Chase’s financial performance.