J.P. Morgan Chase and Co.
American multinational investment bank and financial services holding company, offering services within consumer and commercial banking, investment banking, wealth management and asset management. It is ranked by S&P Global as the largest bank in the United States and the sixth-largest bank in the world with US$2.6 trillion (2019) total assets.
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OVERVIEW
J.P. Morgan Chase and Co. is one of the world’s biggest and oldest financial holding companies. Since 1799, over 1200 predecessor institutions and well-knows heritage firms have combined to make what is today. In the year 2000 J.P. Morgan and Co. merged with Chase Manhattan Corporation, effectively combining four of the largest banking institutions in New York City (J.P. Morgan, Chase, Chemical and Manufacturers Hanover) into one firm under the name J.P. Morgan Chase and Co.
After the merger between J.P. Morgan and Co. and The Chase Manhattan Bank in 2000, the multinational bank offers services under its two brands:
- Chase includes the U.S consumer and community banking (CCB), and commercial banking (CB) businesses, serving nearly half of U.S’ households with financial services like personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing.
- J.P. Morgan includes asset and wealth management (AWM), as well as investment and corporate banking (CIB), serving the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Its CIB business arm is a global leader in delivering strategic advice and solutions, which include capital raising, risk management and trade finance. The AWM division provides solutions addressing strategic investment approaches and professional portfolio management and manage US$1.9 trillion of assets. Furthermore, the bank complements and supports its core business services with market-leading research, analytics and trade execution across multiple asset classes.
As part of its commitment to advance sustainability, the financial holding company leverages its knowledge of financial markets to promote sustainable finance and business practices. It’s Corporate and Investment Bank (CIB) and Commercial Bank (CB) provide advisory services relating to the financing of sustainable business opportunities, sustainable use of proceeds, risk management of sustainable business opportunities and relevant investment research. These services have been put in place to support its promise to facilitate USD200 billion in clean financing by 2025. Furthermore, its Asset and Wealth Management unit incorporates ESG factors in investment practices and helps clients coordinate sustainable investment strategies across all asset classes.
MISSION STATEMENT
At JPMorgan Chase, we want to be the best financial services company in the world. Because of our great heritage and excellent platform, we believe this is within our reach. We cannot promise specific outcomes or risk-free results. What we can and will promise is to share the truth, and offer honest assessments of our businesses and our prospects; act with integrity and honor; do the right thing, not necessarily the easy or expedient thing; and work with fierce resolve to make this a company of which our shareholders, employees, customers and communities can be proud.
FUNDING SOURCES
J.P. Morgan Chase and Co. is a publicly-traded company listed on the New York Stock Exchange. Hence, the organisation funds its operations through equity and fixed income instruments. Detailed funding may be found in the annual report here.
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RECENTLY PUBLISHED BY J.P. MORGAN CHASE AND CO.
A portfolio approach to impact investment
OVERVIEW REFERENCES
- https://am.jpmorgan.com/au/institutional/our-thinking/esg-sustainable-investing?show-nav=true&nav=perspective&has-pdf=true
- https://privatebank.jpmorgan.com/gl/en/services/investing/sustainable-investing
- https://www.jpmorganchase.com/corporate/About-JPMC/about-us.htm
- https://www.jpmorganchase.com/corporate/About-JPMC/our-history.htm
- https://www.jpmorganchase.com/corporate/About-JPMC/esg.htm