JPMorgan Chase & Co. · New York, NY United States ·(NYSE: JPM)
Company Description
Phone: 212-270-6000
Fax: 212-270-1648
Rankings
- Dow Jones Global Titans
- #27 in FT Global 500
- #16 in FORTUNE 500
- S&P 500
- Dow Jones Industrials
View JPMorgan Chase & Co. Locations On A US Map
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This link will open in a new window JPMorgan Chase was born with a silver spoon in its mouth but that hasn't stopped it. One of the largest financial services firms in the US, the company has more than 5,000 bank branches in some two dozen states (and growing) and is also among the nation's top mortgage lenders and credit card issuers. Active in some 60 countries, it also boasts formidable investment banking and asset management operations. The company's subsidiaries include the prestigious JPMorgan Private Bank and institutional investment manager JPMorgan Asset Management (with some $1.5 trillion in assets under supervision). In 2008 JPMorgan Chase bought Bear Stearns and followed that up with Washington Mutual (WaMu). To read the full description, subscribe now.
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Key JPMorgan Chase & Co. Financials
| Company Type | Public - NYSE: JPM Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $67,252.0 |
| 2008 Employees | 224,961 |
JPMorgan Chase & Co. Executives
97 executives listed for JPMorgan Chase & Co.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | James Dimon | Network |
| CFO | Michael Cavanagh | Network |
| CIO | Guy Chiarello | Network |
Competition
Competitive Landscape for JPMorgan Chase & Co.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top JPMorgan Chase & Co. Competitors
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