Wednesday, July 7, 2010

Company Profile of JPMorgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is one of the oldest financial services firms in the world. It has operations in 60 countries. It is a leader in financial services with assets of $2 trillion, and the largest market capitalization and third largest deposit base U.S. banking institution behind Wells Fargo and Bank of America.

The Investment Bank as well as the Asset Management, Private Banking, Private Wealth Management, and Treasury & Securities Services divisions use the JP Morgan brand. Fiduciary activity within Private Banking and Private Wealth Management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking.


The company's history is made up of major legacy institutions including J.P. Morgan, Chase Manhattan, Chemical, Manufacturers Hanover, Bank One, First Chicago, and National Bank of Detroit.

The company's beginnings go back to 1799 with the Bank of Manhattan.

John Pierrepont Morgan, born in 1837 and the son of successful financier became a partner in his father's firm Drexel, Morgan and Co. in 1856. The firm was renamed J.P. Morgan and Co. in 1895 and became one of the most powerful banks in the world.

In 1955, the Chase Bank would merge with the Bank of Manhattan to form Chase Manhattan Bank. Chemical Bank was acquired by Chase Manhattan in 1996.

In 2000, Chase Manhattan Bank merged with J.P. Morgan to form JP Morgan Chase.

JPMorgan Chase merged with Bank One on July 1, 2004.

In May 2008, JPMorgan Chase acquired rival investment bank Bear Stearns for $10 a share with financial assistance from the Federal Reserve. The deal was made to rescue Bear Stearns from potential bankruptcy.

In September 2008, JPMorganChase acquired the assets and liabilities of Washington Mutual bank for $1.9 billion after the FDIC seized it.

JPM Profile

J.P. Morgan Chase & Co.
270 Park Avenue
New York, NY 10017
Phone: (212) 270-6000
Fax: (212) 270-1648

Employees: 200,000+
CEO: Jaime Dimon
Web Site:

Banking subsidiaries

JPMorgan Chase & Co. owns five bank subsidiaries in the United States:

* Chase Bank USA, National Association
* JPMorgan Chase Bank, National Association
* JPMorgan Chase Bank, Dearborn
* J.P. Morgan Trust Company, National Association
* Custodial Trust Company

JPMORGAN CHASE & CO Top Competitors


JPM On Other Exchanges

Symbol Exchange

JPM*:MM Mexico Stock Exchnage
JPM:LN London Stock Exchange
JPM:AR Buenos Aires Stock Exchnage
8634:JP Tokyo Stock Exchange
JPMC:BB Brussels Stock Exchange
JPMC:AR Buenos Aires Stock Exchange
Euro TLX
JPM:TQ Turquoise

Stock Price History

Beta: 1.16
52-Week Change: 10.73%
52-Week Change (relative to S&P500): 24.30%
52-Week High (): 48.20
52-Week Low (): 31.79
50-Day Moving Average: 38.31
200-Day Moving Average: 41.45

Share Statistics

Average Volume (3 month): 49,138,000
Average Volume (10 day): 43,563,700
Shares Outstanding: 3.98B
Float: 3.96B
% Held by Insiders: 0.45%
% Held by Institutions: 75.30%
Shares Short (as of 14-May-10): 28.18M
Daily Volume (as of 14-May-10): N/A
Short Ratio (as of 14-May-10): 0.5
Short % of Float (as of 14-May-10): 0.80%
Shares Short (prior month): 28.57M

Dividends & Splits

Annual Dividend: 0.20
Dividend Yield: NaN%
Dividend Date: 31-Jul-10
Ex-Dividend Date: N/A
Last Split Factor (new per old)²: 3:2
Last Split Date: 12-Jun-00

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