Essay PreviewMore ↓
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
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.
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.
How to Cite this Page
"JP Morgan Chase & Co." 123HelpMe.com. 11 Dec 2019
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Introduction The banking industry is under pressure in today’s business climate. Banks have been through big changes. There is opportunity, but there is also increasing competition. To be the preferred bank means changing “good enough” into a unique value proposition. And that means changing the way people have always done things, change on this level requires cutting edge technology. Change cannot be achieved with a simple directive or surface adjustment especially within the banking industry.... [tags: banking industry, business analysis]
1808 words (5.2 pages)
- Introduction Human Resources (HR) is responsible for monitoring employee job classifications. The framework of the job description and job analysis ensures a company is compliant and compensates employees fairly. Companies have two options for determining how to categorize their workers, based on the Fair Standards Labor Act (FSLA); employers must recognize an employee job classification as an exempt employee or non-exempt employee. The guidelines suggest the nature of the work performed by the employee determines which classification a company selects.... [tags: Overtime Pay Court Case]
950 words (2.7 pages)
- Corporate crime has become increasingly common over the past couple of decades. It seems that every big corporation today has some type of dark side. With the constant trials against corporate officials it seems that many high profile companies can no longer be trusted. We can no longer look at our banks the same either; JPMorgan Chase in the recent two years can be added to corporate crime list. They have committed crimes against its costumers and the government by rigging their bids for investments for years, improper home insurance rates, and overcharging military veterns.... [tags: Business Ethics]
1296 words (3.7 pages)
- JPMorgan Chase and Company JPMorgan Chase and Company was set up in 1968 as a corporation by Delaware law. It is the leader in financial transaction processing and asset management, financial services for consumers and businesses, and also investment banking. This company is the servant to millions of customers in over 70 countries. The principle bank branches include JPMorgan Chase Bank, National Association and Chase Bank USA, NA. JPMorgan Chase's principal non-bank branch is J.P. Morgan Securities, Inc.... [tags: banking, financial transaction processing]
1154 words (3.3 pages)
- JPMorgan Chase is one of the oldest financial functioning financial institutions in America today, dating back to over 200 years ago. JPMorgan Chase is currently the largest bank in the United States with estimated total assets being equal to $2.5 trillion. They have branches in over 60 countries and employ upwards of 260,000 employees. The company was founded in 2000, when Chase Manhattan Corporation and J.P. Morgan & Co. merged together. However the Chase Manhattan Corporation was formed in 1995 when the Bank of Manhattan Company bought out the Chase National Bank.... [tags: finances, laundering, criminal]
544 words (1.6 pages)
- In 1871, the banking house of Drexel, Morgan & Co. was established by John Pierpont Morgan. "Twenty four years later it was renamed J.P. Morgan & Co., which it was to remain until the firm's purchase by Chase Manhattan in 2000. (Hughes 23) At this point, Chase Manhattan was the largest banking company in the United States. This was a far cry from the 1980's when Morgan "boasted the largest market capitalization of any American bank and was more expensive to buy than Citicorp. (Hughes 11)" While J.P.... [tags: Economics]
3002 words (8.6 pages)
- In order for JP Morgan Chase to consider me as a prospect candidate as one of their summer interns, I will have to demonstrate to the recruiter I poses the type of skills they seek for. On the on-line job web site under description they list that the summer candidate that will be chosen must be able to work under pressure, tight deadlines, able to adapt well and assume high level of responsibility. They also require for this person to have a well rounded academic background in finance, a GPA of 3.0, strong teamwork, communication skills, and high energy level.... [tags: Cover Letter Job Skills Internship]
898 words (2.6 pages)
- Regulatory Compliance Requirements for Managerial Accounting with emphasis on Financial Institution Impacts Regulatory compliance, ensures that financial institutions deliver fair dealing when conducting business with consumers and business partners. As a result, financial institutions have to ensure that their products, services and finance related activities, are in compliance with relevant laws, regulations and aligned with standards of good industry practice. Part of the ongoing effort of many financial institutions, is to reduce compliance risk.... [tags: Bank, Financial services, JPMorgan Chase]
1233 words (3.5 pages)
- The collapse of the housing market and subsequent rash of foreclosures that resulted in the United States illustrates the importance of the lending market and the laws that define it. The Uniform Commercial Code, Federal and State laws and common law are all elements that define the legal relationship between those that lend money and those that borrow it. Understanding of these laws, however, is only one component of the system. When someone who has borrowed money to buy a home is unable to repay it, there are alternatives that exist to prevent the forcible removal of that person and sale of the property.... [tags: Debt, Loan, Foreclosure, JPMorgan Chase]
1125 words (3.2 pages)
- In the long-term career choice, my career aspiration will be focused on what my career serves me. I am looking to grow and contribute more than I am today in my next position. If I follow that I know I will be successful financially, personally, and professionally. My first job after college I would love to work as Investment banker or IT support specialist as it would be a good fit for me because it will help me professionally as I will be able to learn more skills and as I learn more, I will be satisfy personally.... [tags: Employment, Learning, Term, JPMorgan Chase]
705 words (2 pages)
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
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.
About us. (n.d.). Retrieved January 28, 2014, from JPMorgan Chase & Co. website:
United kingdom. (n.d.). Retrieved January 28, 2014, from United Kingdom | J.P. Morgan website:
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:
JPMorgan chase & co. (jpm). (n.d.). Retrieved January 29, 2014, from Yahoo! Finance website:
Our business principles [PDF]. (n.d.). Retrieved from http://www.jpmorganchase.com/corporate/
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: