JPMorgan Chase Financial Company
JPMorgan Chase Financial Company , JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here’s where we stand today:
- We are a leading global financial services firm with assets of $2.6 trillion.
- We have a presence in over 100 markets.
- We have over 250,000 employees.
- We serve millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients.
- We are a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
- Our stock is a component of the Dow Jones Industrial Average.
JPMorgan Chase & Co. is one of the world’s oldest, largest and best-known financial institutions.
The firm is built on the foundation of more than 1,200 predecessor institutions that have come together through the years to form today’s company. We trace our roots to 1799 in New York City, and our many well-known heritage firms include J.P. Morgan & Co., The Chase Manhattan Bank, Bank One, Manufacturers Hanover Trust Co., Chemical Bank, The First National Bank of Chicago, National Bank of Detroit, The Bear Stearns Companies Inc., Robert Fleming Holdings, Cazenove Group and the business acquired in the WaMu transaction. Each of these firms, in its time, was closely tied to innovations in finance and the growth of the U.S. and global economies.
Historic Relic from the Hamilton-Burr Duel
JPMorgan Chase & Co. owns the brace of dueling pistols used in the infamous 1804 duel between Alexander Hamilton and Aaron Burr. Aaron Burr was the first director of The Bank of The Manhattan Company, the firm’s earliest banking predecessor. The Bank of The Manhattan Company purchased the pistols in 1930.
Honoring a Financial Leader
Salmon P. Chase is the namesake for the Chase National Bank, which later merged to become JPMorgan Chase & Co. Founded in 1877 by John Thompson, Chase National Bank was named as an homage to Salmon P. Chase, who served as Secretary of Treasury for Abraham Lincoln. Chase’s image was also featured on the $10,000 bill.
Connecting Two Oceans
In 1904, J.P. Morgan & Co. was part of the largest real estate deal at that time, arranging the transfer of $40 million from the U.S. government to the French Panama Canal Co. to connect the Atlantic and Pacific Oceans by way of the Panama Canal.
Advancing Women in Finance
In 1924, Chase National Bank appointed Mary Andress Assistant Cashier. Chase was the first large New York City bank to hire a female officer in its main office. Andress also actively promoted banking as a viable career choice for women.
The debut of an Iconic Logo
The Chase octagon logo debuted in 1960 and was one of the earliest abstract company logos. While the octagon’s appearance has evolved over the years, it has been an integral part of the Chase brand for almost sixty years.
Pioneering the ATM
The United States’ first prototype cash dispensing machine, a precursor to the ATM, was inaugurated by Chemical Bank in 1969 at a Rockville Centre branch on Long Island. The first US bank to offer cash on demand, 24-hour banking was on its way to becoming a convenience all could enjoy.
Funding the Revitalization of Detroit’s Economy
In 2014, JPMorgan Chase & Co. pledged $100 million over five years to support, accelerate, and scale some of the most innovative efforts underway to transform Detroit’s economy. To find out more, take a look at what we’re doing in Detroit.