- Business
- JPMorgan Chase & Co. (NYSE: JPM) operates as a leading global financial services firm engaged in investment banking, consumer and community banking, commercial banking, and asset and wealth management; it offers corporate advisory, mergers and acquisitions, sales and trading, public offerings, credit and financing solutions, treasury and payment services, retail banking and credit cards under the Chase brand, private banking, alternative assets, cash management, custody and securities services, annuities, life insurance, estate and trust planning, donor-advised funds, and commercial real estate services. Founded through predecessors dating to 1799 and formally established in 2000 via the merger of J.P. Morgan & Co. and Chase Manhattan Company, the company is headquartered at 270 Park Avenue in New York City and maintains extensive operations worldwide, including major offices in London, Asia Pacific, Europe, and emerging expansions into retail markets like Germany via Chase UK. With approximately $4 trillion in total assets as of 2025, it ranks as the largest U.S. bank by market capitalization and the world's fifth largest by assets, serving consumers, small businesses, corporations, financial institutions, governments, and affluent clients across diverse industries such as energy, healthcare, technology, and industrials. Recent developments include strengthening its decades-long partnership with Yodlee through a Data Access agreement amendment to advance open finance and financial wellness solutions in November 2025; expanding the J.P. Morgan Private Client network with four new Financial Centers in California (San Diego, Palo Alto, Mountain View, San Francisco) in November 2025, bringing the total to 20 locations with 11 more planned; announcing intentions in November 2025 to build a new three-million square foot landmark tower in London as its European headquarters; launching Chase digital banking in Germany to target retail expansion in Europe; appointing co-heads of commercial banking and key hires like Jonathan Slaughter from Goldman Sachs for business services growth in Europe, Middle East, and Africa in early 2025; and increasing its stake in Brazilian digital bank C6 to 46% amid the bank's customer and loan portfolio growth.