Vision:
Aspire to be the best; execute superbly, build a great team and winning culture
Mission:
To be the best financial services company in the world
Values:
A commitment to integrity, responsibility and fairness
Early history of JPMorgan Chase:
In 1799, the Manhattan company was founded in New York
In 1817, the bank of Manhattan Company funded Erie Canal
JP Morgan got into banking in 1857
In 1871, it became partner with Drexel’s firm
In 1882, the company started investing in electricity
In 1895, J.P Morgan & Co. offered the bond that saved United States from depression
In the same year, Morgan helped United States to fill up nation’s gold supply
In 1901, the organization merged its steel companies forming U.S Steel
In 1902, Morgan formed International Harvester Company
In 1904, the company financed Panama Canal
In 1911, it financed the Houston Ship Channel
In 1914, a new Morgan home rises on the Wall Street
In 1958, Chase Manhattan introduced the first credit card in New York
In 1961, electronic data processing was introduced in banking
Rise to success:
In 1973, Chase Manhattan opened its representative office in Moscow
In 1989, the U.S Federal Reserve grants the organization the right to underwrite
In 1990, it became the first US bank holding company for providing complete security services
In 1996, Chase Manhattan merged with Chemical Banking Corporation
In 2000, J.P Morgan merged with Manhattan
In 2004, it merged with Bank One
In 2008, the company acquired Bear Stearns and Washington Mutual
In 2010, it introduced mobile banking
In the same year, it acquired ownership of the UK firm, Cazenove
In 2013, the company launched its women on the move initiative
In the same year, company launched $250 million initiative for people to upgrade skills
In 2014, the company announced to support Detroit economy with $100 million
In 2015, it announced ChasePay, an app for online purchase
In 2018, the company announced an initiative to invest $500 million to improve cities
In 2018, the company opened up a new headquarter at 270 Park Avenue
In 2019, another initiative Advancing Black Pathways was introduced to help black people
Where JPMorgan Chase stands today?
The organization has two top competitors- Citi and Goldman Sachs
Citi generates around 65% of revenue, what JPMorgan generates
Goldman Sachs generates around 33% of revenue, what JPMorgan generates
Analysts stated J.P Morgan’s earnings would grow to 19% in 2021
The company would deploy $1.75 billion in the philanthropic capital by the year 2023.
J.P Morgan’s famous quote:
“No price is too great for a work of unquestioned beauty and known authenticity.”
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