JPMorgan Chase & Co. Success Story



It is an American investment bank having headquarters in New York. The organization is the 5th largest bank in the world. It offers various services such as commercial banking, community banking, asset management, private equity and others. The organization claims to be a talent-driven company and one of the world’s most admired businesses. It has 200 years of commitment to provide quality service.

success story of jpmorgan chase


Aspire to be the best; execute superbly, build a great team and winning culture


To be the best financial services company in the world


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.”