- Business
- JPMorgan Chase & Co. (CMC.DE) is a leading global financial services firm engaged in investment banking, consumer and community banking, commercial banking, treasury and securities services, and asset and wealth management; it offers products including deposit-taking, lending, credit cards under the Chase brand, mortgages, investment advisory, brokerage services encompassing stocks, options, mutual funds, ETFs, annuities, life insurance, estate planning, and trusts; corporate clients receive financing, treasury, payment solutions, mergers and acquisitions advisory, capital markets underwriting, sales and trading, private banking, and customized solutions across industries such as aerospace, defense, energy, healthcare, financial institutions, and technology. Founded through predecessors tracing to 1799 and formally established in 2000 via the merger of J.P. Morgan & Co. and Chase Manhattan, the company is headquartered at 270 Park Avenue in New York City and operates in over 100 countries with approximately 310,000 employees. Recent developments include the October 2025 opening of its new 2.5 million square foot global headquarters at 270 Park Avenue accommodating 10,000 employees; announcement in November 2025 of a three-million-square-foot Canary Wharf headquarters in London and a US$10 billion Security and Resilience Initiative targeting defense and advanced manufacturing; ongoing branch expansion with over 1,000 new U.S. locations since 2018 projected to add more than $160 billion in deposits and entry into 80 new markets; strategic partnership with Coinbase to broaden cryptocurrency services and negotiations to acquire Apple's credit card portfolio; and leadership in major financings such as the U.S. Department of Defense's partnership with MP Materials for rare earth magnets.