JP Morgan Chase & Co

JP Morgan Chase & Co

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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.

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These businesses use the J.P. Morgan brand: Investment Bank, Asset Management, Treasury Services under both the J.P. Morgan and J.P. Morgan Cazenove brands, Worldwide Securities Services, and Private Banking. And the commercial banking businesses include: Corporate Client Banking, Government, Not-for-Profit and Healthcare Banking, Real Estate Banking, and International Banking. The firm offers an unparalleled client base and leadership across the spectrum of financial services products.
2. Business principles
JPMC has its business principles, which aspire to be the best. It wants to develop a world-class franchise in every business, and be a field- and client-driven company delivering the best products and services. And to execute superbly, JPMC demand and maintain strong financial discipline, create and maintain a fortress balance sheet, design and maintain the best systems, eliminate waste and bureaucracy, maintain a strong system of internal governance and controls and measure performance through a complete and balanced scorecard (Our business principles.) Building a great and winning culture is also JPMC’s business principle. Operate with the highest standards of integrity, train and retain great managers and be open and honest with everyone.

Competition: Barclays PLC, Citigroup Inc., Bank of America Corporation

Image of JPMC Competitors from http://finance.yahoo.com/q/co?s=JPM+Competitors

Technology Use:
I believe JPMC’s IT teams are responsible for designing, developing and supporting applications and projects that change the face of banking and technology. Their breakthroughs have made the firm quicker, more global and more profitable. They are embarking on a transformational journey to reinvent the entire technology platform. With 8% of their revenue every year invested in technology, the importance of their work is championed at the highest echelon of business. Because technology is an impact that has the power to transform the way a major global business operates. With the investment in technology, JPMC has the scope to influence what happens in the intellectual field to work hand-in-hand with new products and define tomorrow's technological experience.



References:
About us. (n.d.). Retrieved January 28, 2014, from JPMorgan Chase & Co. website:
http://www.jpmorganchase.com/corporate/Home/home.htm
United kingdom. (n.d.). Retrieved January 28, 2014, from United Kingdom | J.P. Morgan website:
https://www.jpmorgan.com/pages/jpmorgan/emea/uk/home
JPMorgan chase & co. competition. (n.d.). Retrieved January 29, 2014, from Hoovers website:
http://www.hoovers.com/company information/cs/competition. JPMorgan_Chase__Co. 8477 54f4ce985207.html
JPMorgan chase & co jpm. (n.d.). Retrieved January 29, 2014, from Morningstar website:
http://financials.morningstar.com/competitors/industry-peer.action?t=JPM
JPMorgan chase & co. (jpm). (n.d.). Retrieved January 29, 2014, from Yahoo! Finance website:
http://finance.yahoo.com/q/co?s=JPM+Competitors
Our business principles [PDF]. (n.d.). Retrieved from http://www.jpmorganchase.com/corporate/
About-JPMC/document/PrinciplesBooklet_13.0613_ada.pdf
The history of jpmogan chase & co. [PDF]. (n.d.). Retrieved from http://www.jpmorganchase.com/corporate/About-JPMC/document/shorthistory.pdf
Technology innovations. (n.d.). Retrieved January 28, 2014, from Technology Careers website:
http://techcareers.jpmorgan.com/techcareers/jpmorgan/careers/europe/tech/what/innovations


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