J.P. Morgan Asset Management (United States)
JPMorgan Chase & Co. is a Delaware-incorporated, New York City-based international investment bank and financial services holding corporation. With total assets of US$3.774 trillion as of 2022, JPMorgan Chase is the largest bank in the country, the largest bank globally by market capitalization, and the sixth-largest bank globally in terms of total assets. In addition, JPMorgan Chase is included as the 24th largest American firm by total revenue on the Fortune 500 list. The Financial Stability Board views this bank as one with systemic importance.
It is a significant supplier of various investment banking and financial services as a "Bulge Bracket" bank. Along with Bank of America, Citigroup, and Wells Fargo, it is one of the Big Four banks in the United States. JPMorgan Chase is regarded as a custodian bank and a worldwide bank. The divisions of investment banking, asset management, private banking, wealth management, commercial banking, and treasury services all operate under the J.P. Morgan name. Private banking and private wealth management activities involving fiduciary duties are overseen by JPMorgan Chase Bank, N.A., the actual trustee.
The Chase brand is used for the bank's retail banking operations in the US and the UK, as well as credit card services there. Both the Chase and J.P. Morgan brands are used by JPMorgan Chase's commercial banking division. Since the previous headquarters building across the street, 270 Park Avenue, was destroyed and a larger new headquarters is being constructed on the same site, the bank's corporate headquarters are currently housed at 383 Madison Avenue in Midtown Manhattan, New York City. The current business was once known as Chemical Bank, which took on Chase Manhattan's name after the acquisition. When J.P. Morgan & Co. and Chase Manhattan Corporation combined in 2000, the current business was created.
Founded: December 1, 2000
Revenue: US$121.65 billion (2021)
AUM: US$3.11 trillion (2021)
Website: https://am.jpmorgan.com/
Phone: (800) 766-7722
Ranking: 6 of the 10 Top Asset Management Firms
