Jp Morgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is one of the oldest financial services firms in the world. It is a leader in financial services with assets of $2.3 trillion., and the largest market capitalization and deposit base of any U.S. banking institution. The hedge fund unit of JPMorgan Chase is the largest hedge fund in the United States with $34 billion in assets as of 2007. Formed in 2000 when Chase Manhattan Corporation acquired J.P. Morgan & Co., the firm serves millions of consumers in the United States and many of the world 's most prominent corporate, institutional and governmental clients. (1,2)
The JPMorgan brand is used by the Investment Bank as well as the Asset Management, Private Banking, Private Wealth Management, and Treasury & Securities Services Divisions. Fiduciary activity within Private Banking and Private Wealth Management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank 's retail banking activities in the United States, and commercial banking. (1,2)
JP Morgan Chase is one of the Big Four Banks of United States as well as Bank of America, Citigroup and Wells Fargo. (1,2)
Business
JPMorgan Chase’s activities are organized, for management reporting purposes, into six business segments: • Investment Bank o Investment banking: advisory; debt and equity underwriting • Market making and trading: Fixed income, Equity o Corporate lending o Principal investing • Retail Financial Services o Regional banking: consumer and business banking; home lending; education lending o Mortgage banking o Auto finance • Card Services o Credit cards o Merchant acquiring • Commercial Banking o Middle market banking o Mid-corporate banking o Real estate banking o Chase business credit o Chase equipment
The JPMorgan brand is used by the Investment Bank as well as the Asset Management, Private Banking, Private Wealth Management, and Treasury & Securities Services Divisions. Fiduciary activity within Private Banking and Private Wealth Management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank 's retail banking activities in the United States, and commercial banking. (1,2)
JP Morgan Chase is one of the Big Four Banks of United States as well as Bank of America, Citigroup and Wells Fargo. (1,2)
Business
JPMorgan Chase’s activities are organized, for management reporting purposes, into six business segments: • Investment Bank o Investment banking: advisory; debt and equity underwriting • Market making and trading: Fixed income, Equity o Corporate lending o Principal investing • Retail Financial Services o Regional banking: consumer and business banking; home lending; education lending o Mortgage banking o Auto finance • Card Services o Credit cards o Merchant acquiring • Commercial Banking o Middle market banking o Mid-corporate banking o Real estate banking o Chase business credit o Chase equipment
References: 1. Wikepedia.org 2. www.JPmorganchase.com 3. investor.shareholder.com/jpmorganchase/press/releasedetail.cfm?ReleaseID=359235 - 50k – 4. news.moneycentral.msn.com/ticker/article.aspx?symbol=US:JPM&feed=BW&date=20090115&id=9516129 5. www.iht.com/articles/2009/01/15/business/jpmorgan.4-408727.php - 64k - J.P. Morgan Chase and Co. Macro Economics Nilofar A. Mulla 11022 – A February 24, 2009