JPM

JPM commonly refers to JPMorgan Chase & Co., an American multinational financial services company. It is one of the largest banks in the United States and the world by assets, with operations in more than 100 countries. The company is headquartered in New York City and trades publicly on the New York Stock Exchange under the ticker symbol JPM.

JPMorgan Chase & Co. was formed in 2000 through the merger of J.P. Morgan & Co. and Chase Manhattan Corporation, creating a diversified financial services firm. The firm traces its legacy to J.P. Morgan & Co., founded in the 19th century, and to Chase Manhattan, with roots dating back to the 19th and early 20th centuries. The firm played a major role in the 2008 financial crisis, acquiring Bear Stearns and Washington Mutual’s banking operations to strengthen its position.

The bank’s operations are organized into three main business segments: Consumer & Community Banking; Corporate & Investment Bank; and Asset & Wealth Management. These units serve individual consumers, small businesses, corporations, and institutional clients, offering a wide range of services including deposits, lending, investment banking, trading, asset management, and wealth advisory. The firm is led by a board and chief executive officer, with Jamie Dimon having served as CEO since 2005.

Regulatory and legal matters have been a constant feature of JPMorgan Chase’s history. Notable episodes include the London Whale trading losses in 2012 and a 2013 settlement with U.S. authorities over mortgage-backed securities totaling about $13 billion. The company remains subject to extensive financial regulation worldwide.