JPMorgan Chase

JPMorgan Chase & Co. (NYSE: JPM) stands as the world's most powerful financial institution, holding the distinction of being the largest bank in the United States and the world's largest bank by market capitalization as of 2025. Headquartered in New York City and incorporated in Delaware, the company commands $4.0 trillion in total assets and $345 billion in stockholders' equity, serving millions of customers across consumer banking, corporate finance, and investment management.

The modern JPMorgan Chase was created in 2000 through the merger of J.P. Morgan & Co. and Chase Manhattan Company, but its heritage traces back 225 years to 1799 with the founding of the Bank of the Manhattan Company by Aaron Burr. Built on the foundation of more than 1,200 predecessor institutions, the firm combines the prestige of J.P. Morgan's Wall Street legacy with Chase's mass-market banking prowess, creating an unparalleled financial powerhouse.

In 2024, JPMorgan Chase achieved a historic milestone, posting $58 billion in full-year profits—the highest annual earnings in American banking history and the most ever for any U.S. bank. Annual revenue reached $278.9 billion, representing 16.49% growth from 2023. This extraordinary performance, delivered under the leadership of Chairman and CEO Jamie Dimon (in his 19th year at the helm), reinforces the bank's status as the most profitable financial institution in U.S. history. For the third consecutive year, JPMorgan Chase ranked #1 in the Forbes Global 2000.

The company operates through four major business segments: Consumer & Community Banking (CCB), which provides banking and wealth management to individuals and small businesses through extensive branch networks and digital platforms; Commercial & Investment Bank (CIB), offering investment banking solutions including M&A advisory, capital raising, and risk management; Asset & Wealth Management, managing trillions in client assets; and Corporate, which includes treasury and chief investment office activities. In 2024, the firm opened 15 new J.P. Morgan Financial Centers and helped raise $252 billion in equity capital markets.

JPMorgan Chase's market dominance has been reinforced through strategic crisis-era acquisitions. In 2008, during the financial crisis, it acquired Bear Stearns for $10 per share and Washington Mutual's banking operations for $1.836 billion (the largest bank failure in American history at the time). Most recently, in May 2023, it acquired First Republic Bank in what became the second-largest bank failure in U.S. history, paying $10.6 billion to the FDIC. These acquisitions expanded the firm's geographic footprint and customer base while strengthening its position as America's financial safety net.

With over 300,000 employees worldwide and operations spanning investment banking, consumer finance, commercial banking, and asset management, JPMorgan Chase exemplifies scale and diversification in modern finance. The company opened its new $3 billion, 2.5 million square-foot headquarters in New York in October 2025 after six years of redevelopment, symbolizing its enduring commitment to Wall Street and global financial leadership.