J.P. Morgan: The Banking Giant

In this series, you’ll learn what value J.P. Morgan holds for its shareholders, about its various businesses, and how it compares with other big banks.

Rekha Khandelwal, CFA - Author

Apr. 22 2015, Updated 11:28 a.m. ET

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A well-known name

J.P. Morgan is the biggest bank in the US. It’s a leading financial services firm with $2.4 trillion in assets. It stands at number 18 on the Fortune 500 list. The firm has operations in more than 60 countries and is more than 200 years old. A bank that has relationships with nearly half of US households hardly needs an introduction.

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J.P. Morgan (JPM) is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. It employs 260,000 people. It’s one of the “big four” banks in the US along with Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC). Together, these banks form ~27% of the Financial Select Sector SPDR ETF (XLF).

JPMorgan Chase & Company is the name of the holding company. The firm has two main brands—Chase and J.P. Morgan. The US consumer and commercial banking businesses use the Chase brand. Services to corporations, governments, wealthy individuals, and institutional investors are provided under the J.P. Morgan brand.

In this series

Not all big corporations are good investments. There’s a difference between a good company and a good investment. Is the biggest name in the banking sector a good investment as well? In this series, you’ll learn what value J.P. Morgan holds for its shareholders, about its various businesses, and how the stock compares with that of other big banks.


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