JPMorgan Chase and Co.

Description

JPMorgan Chase and Co is a leading financial services provider and investment bank headquartered in New York.

It is a financial holding company and reportedly among the leading investment banks across the globe.

The bank provides various financial services to businesses, consumers, institutional investors, corporate clients and government entities.

It also provides asset management services and investment products across the world's leading capital markets.

The financial bank provides a wide range of consulting services like corporate strategy and structure, capital raising in equity debt markets, cash securities and derivative instruments, risk management, brokerage, research, etc.

The New-York based bank provides caters to consumers business and wholesale business under the following sub-segments:

• Corporate and Investment Banking
• Asset and Wealth Management
• Consumer and Community Banking
• Commercial Banking

Consumer and Community Banking Segment

This unit comprises all personal and business banking products and services across the bank's multiple branches. The bank provides its services through online banking, telephone banking and ATMs. In addition, services such as home lending, credit card, real estate portfolio, etc., are also provided.

Corporate and Investment Management Banking Segment

The company provides all services related to investment banking, including market making, brokerage, security and treasury, etc., through the segment. The corporate and investment management section provides its services to corporations, investors, financial bodies globally. In addition, it caters to wholesale payments, fixed income securities, equity markets, credit adjustments, etc.

Commercial Banking Segment

This unit primarily deals with the activities related to financial solutions, including money lending, investment banking, asset management, products related to treasury, etc., on behalf of the bank's clients. The client base includes corporations, financial, and non-profit bodies globally, including in the United States. They also provide financing solutions to real estate companies and investors through the commercial banking segment.

Asset and Wealth Management Segment

The bank provides asset and wealth management services to various customers, including individuals, businesses, investors, etc., through this unit. It provides multi-asset investment management solutions across money market funds, fixed income, alternatives and equities. In addition, the New-York based bank provides brokerage, retirement products and services, custody, loans, trusts and estates, mortgages and investment management to high-net-worth clients.

In 2000, Chase Manhattan Corporation (founded in 1799) and J.P. Morgan & Co. were merged to create the present company.

The global bank’s stocks trade on the New York Stock Exchange under the symbol 'JPM'.