JPMC, also known as JP Morgan Chase & Co., is one of the oldest financial institutions. JPMorgan Chase & Co. is the name of the holding company and the firm serves its customers and clients under its Chase and J.P. Morgan brands.
Global Influence:
JPMC has a history of over 200 years, operates in more than 60 countries. It has its corporate headquarters in New York City, which is currently a leading global financial services firm serving millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients. And J.P. Morgan is recognized as one of the premier financial institutions in the United Kingdom with regional headquarters in London. “Today, the firm has offices in London, Bournemouth, Glasgow and Edinburgh, with London serving as the headquarters of the EMEA region. The Bournemouth campus is the largest private sector employer in Dorset, offering technology and operational processing. The European Technology Center, based in Glasgow, is one of the largest technology employers in Scotland, with Edinburgh as the center for the Investor Services business.” (About J.P. Morgan in the United Kingdom)
Official website: http://www.jpmorganchase.com/corporate/Home/home.htm
https://www.jpmorgan.com/pages/jpmorgan/emea/uk/home
Enterprise Scale:
JPMC with assets of $2.4 trillion has about 260,000 employees. Its stock is a component of the Dow Jones Industrial Average. Under the J.P. Morgan and Chase brands, it serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients. As the largest bank holding company in the US, JPMC has more than 5,600 branches in many states, and is among the nation's top mortgage lenders and credit card issuers. It holds some $128 billion in credit card loans. The firm's subsidiaries include the prestigious JPMorgan Private Bank and institutional investment manager JPMorgan Asset Management (with some $2 trillion under supervision). It also owns private equity firm One Equity Partners.
Mission/Goal:
1. Key businesses
JPMC works as a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.
The U.S. consumer and commercial banking businesses serve customers under the Chase brand. The consumer businesses include: Branch, ATM, Telephone and Online Banking, Credit Cards, Small Business, Home Finance and Home Equity Loans, Auto Finance, Education Finance, Retirement & Investing, Retail Checking, and Merchant Services. And the commercial banking businesses include: Middle Market Banking, Business Credit, Equipment Finance, Commercial Term Lending and Community Development Banking.
J.P. Morgan clients include the world's most prominent corporations, governments, wealthy individuals and institutional investors.
I knew more about JP Morgan and a banker’s life. It is not easy to be a banker, because it needs a long working time. However, if people like their job, they will not feel tired.
• The financial services industry is highly competitive, and JPMorgan Chase’s inability to compete successfully may adversely affect its results of operations.
... J. P. Morgan and Company to reflect his power. Morgan also got a stranglehold on several other industries by buying out Carnegie Steel, oil companies, and railroads. Morgan soon went back to his roots and started acquiring more banks, financial firms, and insurance providers. (Moritz 35-39) Today, J. P. Morgan and Company is known as JPMorgan Chase, easily the world's largest global financial services firm.
Better Risk Management: JP Morgan should have consulted their internal risk management department regarding big bets such as credit default swaps. Decisions should not have been made on the reports published by credit
For Chase bank the mission and vision should always be clear to their customers. "At JPMorgan Ch...
John Pierpont Morgan is considered one of the founding fathers of the modern United States economy. He was an industrial genius that is accredited with the founding of many companies including General Electric and AT&T. However, Pierpont is looked upon as a saint and demon the same. He received a honorary degree from Harvard university that read: "Public citizen, patron of literature and art, prince among merchants, who by his skill, wisdom and courage, has twice in times of stress repelled a national danger of financial panic." But Robert LaFollette, the Wisconsin progressive, saw him as "a beefy, red-faced thick-necked financial bully, drunk with wealth and power." Despite conflicting opinion on his persona, his influence and character shaped the business world more so than any other person at the turn of the century. Morgan was a banker, railroad czar, industrialist, financier, philanthropist, yachtsman, and ladies' man. He was king to a handful of millionaire barons who controlled the country's wealth in an era of little government regulation.
Jamie Dimon, CEO of JP Morgan Chase made a settlement deal in place of criminal presecution. It is alleged that the bank “looked the other way while working with Madoff as he ran his multibillion dollar scam” (DeCambre). New York Post reports that many efforts of the procecutors of New York expected for JP Morgan to admit to the Ponzi scheme that its financial institution was in on with Madoff. That unfortunately did not happen and instead the bank paid big time.
Citigroup is one of the most well known financial companies in the world. The company has been one of the pioneers of the business financial world. They have contributed in many contemporary ways in the use of banks, and many other financial systems. Citigroup was a representation of the financial market success of the United States, Wall Street, and the financial world. The company has more than 200 years of history, and had been receiving high credibility from worldwide customers. However, after the company’s merger of Citicorp and Travelers Insurance the company was put under new management. Following their boss’ lead, the corporation began to make decisions that were only made with the best interest of the maximization of Citigroup’s profits in mind. This eventually led to the Recession of 2008 and a very rocky road for Citigroup. The company’s actions were similar to that of Netbank, but the end results of the companies differed due to Citigroup’s size. The financial crisis of Citigroup could have been avoided had the necessary precautions been taken, had these provisions been taken it could have possibly helped to avoid the economic recession of the United States as well.
In conclusion, JPMorgan Chase, Is a company with a very specific purpose? According to their website, the mission and values of J.P. Morgan Chase is "To be the most profitable, respected and influential investment bank in the world for the long term. In 2012 the court concluded that JPMorgan had breached its fiduciary duty in 2000 when it traded what are known as flexible prepaid forward contracts to the trust, a complex fee-rich product that the judge determined was unsuitable for the trust. Today with the improvement of banks security, online mobile banking is more safer.
Wells Fargo, is an American International banking and financial services holding company. It provides banking, mortgage, investing, credit card, insurance, and consumer and commercial financial services. In July 2015, Wells Fargo became the world’s largest bank with 8,700 branches and 13,000 ATMs. In addition, it was the second largest bank in deposits, home mortgage services, and debit cards. Wells Fargo’s main office is located in Sioux Falls, ND., and was recognized as one of the, “Big Four Banks”, which included JPMorgan Chase, Bank of America, and Citigroup.
Johnson and Johnson, commonly called J&J for short, is one of the world’s well known, largest, most decentralized and most diversified health care companies. Since 1887, Johnson and Johnson has been producing, manufacturing and selling products related to human health and well-being. Today J&J has over 200 autonomous operating companies and do business globally specializing in consumer products, medical devices and diagnostics, and pharmaceuticals. Consumer products are the company’s most recognizable segment, including popular brands like Tylenol, Johnson and Johnson Baby Shampoo and Band-Aid. The medical devices and diagnostics segment manufactures products including surgical equipment and contact lenses. The largest of the three segments is pharmaceuticals.
Johnson & Johnson is an American transnational pharmaceuticals company founded in 1886. J&J specializes in medical device production, goods manufacturing, and consumer packaging products. J&J is based in New Brunswick, New Jersey, with a secondary Consumer division based in Skillman, New Jersey. J&J possesses subsidiary companies spanning over two hundred fifty companies functioning throughout the span of fifty seven countries. Johnson & Johnson businesses and sales incorporate over one hundred seventy five countries and produce a whopping sales record of seventy four billion dollars in the year 2014.
Prior to 2005 Morgan Stanley had no economical advantage, now with changes implemented in a competitive industry such as this Morgan Stanley's strength of employees, global product range and leading market share for Institutional Securities, Global Wealth Management and Asset Management has the firm making strong profits.
This paper will analyze the mission and vision statements of JPMorgan Chase & Co against the performance of the organization. An evaluation of how well the company lives out its mission and vision statement will be provided. The organization’s strategic goals link to the company’s mission and vision will be assessed. An analysis of the company’s financial performance to determine the link between the company’s strategic goals, strategy, and its financial performance. A competitive and marketing analysis of JPMorgan Chase & Co will be conducted to determine its strengths and opportunities.
Most critical to this discussion is a clear understanding of what a financial manager is and does and how his or her role aids in helping to establish the valuation of a corporate entity in today's global financial market. Quite simply, a financial manager helps to measure a company's market value and its risk while also helping to systematically reduce its costs and the time necessary to make informed decisions regarding objective driven operations. This is quite a demanding game plan for an individual and most often financial managers, in the corporate world, work in cooperation with a team of financial experts. Each member of that team perhaps having expertise in differing areas of activity, but each however, being no less expert in his or her respective area of endeavors in behalf of the corporation. The team is assembled under the direction of the officer know in the corporation as the Chief Financial Officer who today is becoming increasingly indispensable to the CEO who directs a modern model of action driven, bottom-line oriented corporate activity (Couto, Neilson, 2004). One can accurately state that the role of the competent and capable financial manager is figuratively worth its weight in gold.