Company Overview Visit jpmorganchase.com website
J.P. Morgan Chase is a company known to many Americans through their commercial credit card, Chase Bank/Chase credit cards.
With total assets of over $2 trillion and around 280,000 employees worldwide, J.P. Morgan Chase is one of the world's largest financial institutions and has been in operation since 2000 when they purchased J.P. Morgan & Co., an investment bank started back in 1871 by none other than business mogul J. Pierpont Morgan (1837–1913).
Although today it is best recognized for its banking services such as mortgages, loans and credit cards, J.P. Morgan Chase's rich history includes being one of the first companies to provide diversified services for smaller businesses in the late 1800s after acquiring a series of industrial firms throughout this time period.
During the Great Depression, it was considered "the only bright spot" among financial companies because they managed to continue through the crisis without sustaining significant losses or going bankrupt due to enforcing stricter lending policies and selling off assets—tactics that are not too different from today's economic climate.