Profile: JPMorgan Chase & Co (JPM.N)
6 Oct 2015
JPMorgan Chase & Co. (JPMorgan Chase), incorporated on October 28, 1968, is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase's activities are organized into four business segments, as well as a Corporate segment. The Company's segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management.
JPMorgan Chase's principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national banking association with branches in 23 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national banking association that is the Company's credit card-issuing bank. JPMorgan Chase's principal nonbank subsidiary is J.P. Morgan Securities LLC (JPMorgan Securities), the Company's United States investment banking firm. The bank and nonbank subsidiaries of JPMorgan Chase operate nationally, as well as through overseas branches and subsidiaries, representative offices and subsidiary foreign banks. The Company's principal operating subsidiary in the United Kingdom is J.P. Morgan Securities plc, a subsidiary of JPMorgan Chase Bank, N.A.
Consumer & Community Banking
The Company's Consumer & Community Banking (CCB) segment serves consumers and businesses through personal service at bank branches and through ATMs, online, mobile and telephone banking. CCB is organized into Consumer & Business Banking, Mortgage Banking (including Mortgage Production, Mortgage Servicing and Real Estate Portfolios) and Card, Merchant Services & Auto (Card). Consumer & Business Banking offers deposit and investment products and services to consumers, and lending, deposit, and cash management and payment solutions to small businesses. Mortgage Banking includes mortgage origination and servicing activities, as well as portfolios comprising residential mortgages and home equity loans. Card issues credit cards to consumers and small businesses, provides payment services to corporate and public sector clients through its commercial card products, offers payment processing services to merchants, and provides auto and student loan services.
Corporate & Investment Bank
The Company's Corporate & Investment Bank (CIB) segment, comprising Banking and Markets & Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services to corporations, investors, financial institutions, and Government and municipal entities. Within Banking, the CIB offers a range of investment banking products and services in capital markets, including advising on corporate strategy and structure, capital-raising in equity and debt markets, as well as loan origination and syndication. Also included in Banking is Treasury Services, which includes transaction services, comprising primarily of cash management and liquidity solutions, and trade finance products. The Markets & Investor Services segment of the CIB is engaged in cash securities and derivative instruments, and also offers risk management solutions, prime brokerage and research. Markets & Investor Services also includes the Securities Services business, which includes custody, fund accounting and administration, and securities lending products sold principally to asset managers, insurance companies and public and private investment funds.
The Company's Commercial Banking (CB) segment delivers industry knowledge, local expertise and service to the United States and the United States multinational clients, including corporations, municipalities, financial institutions and non-profit entities. CB provides financing to real estate investors and owners. CB provides financial solutions, including lending, treasury services, investment banking and asset management.
The Company's Asset Management (AM) segment comprises investment and wealth management. AM's clients include institutions, high-net-worth individuals and retail investors in markets throughout the world. AM offers investment management across asset classes, including equities, fixed income, alternatives and money market funds. AM also offers multi-asset investment management, providing solutions for a range of clients' investment needs. For Global Wealth Management clients, AM also provides retirement products and services, brokerage and banking services, including trusts and estates, loans, mortgages and deposits.
JPMorgan Chase & Co
270 Park Ave Fl 38
NEW YORK NY 10017-2014
Company Web Links
- JPMorgan paints bleak picture of global gas market in client note
- PRESS DIGEST - Wall Street Journal - Oct 7
- INSIGHT-JPMorgan buys more mortgages from other lenders as market shrinks
- Insight - Goldman, Morgan Stanley win back hedge fund trading business
- INSIGHT-Goldman, Morgan Stanley win back hedge fund trading business