JPMorgan Statistics (2024)

jp-morgan

JPMorgan Chase, headquartered in New York, is one of the largest global banks with a market cap of $544 billion and assets of $3.88 trillion as of 2024. It employs over 309,000 people and operates 5,117 branches in the U.S. Founded from over 1,200 predecessor institutions starting in 1799, JPMorgan Chase offers a broad range of financial services, including asset management, banking, and investment services, making it a pivotal force in the financial industry.

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Interesting facts: JP Morgan

  • JPMorgan recently recorded the highest annual profit for a US bank, with a current revenue of $155.29 billion.
  • As of April 2024, JPMorgan Chase has a market cap of $544.00 Billion.
  • As of 2023, JPMorgan Chase’s total assets under management (AUM) amounted to $3.88 trillion, representing a 5.72% growth from 2022.
  • JP Morgan Chase has made 19 acquisitions, the most recent being First Republic Bank, which it acquired on May 1, 2023.
  • As of the end of 2023, the company employed 309,926 people worldwide, marking a 5.52% increase from the previous year, when the employee count stood at 293,723.
  • JPMorgan Chase’s main office is located at 383 Madison Ave, New York, United States, and the company operates from 171 other locations.
  • As of June 2023, JPMorgan Chase Bank was the top bank in the United States, boasting 5,117 branches nationwide.

Overview of JPMorgan Chase

JPMorgan ChaseDetails
Type of IndustryFinancial services
Type of CompanyPublic
Official banking NameJPMorgan Chase
Year DatedDecember 1, 2000
Founders– William B. Harrison Jr.
  • Douglas A. Warner III | | Headquarters | 383 Madison Avenue New York, U.S.A | | Area served | Worldwide | | Key people | – Jamie Dimon (Chairman & CEO)
  • Daniel E. Pinto (President & COO) | | Products | – Asset management
  • Banking
  • Commodities
  • Credit cards
  • Equities trading
  • Insurance
  • Investment management
  • Mortgage loans
  • Mutual funds
  • Exchange-traded funds
  • Index funds
  • Private equity
  • Risk management
  • Wealth management | | Revenue | $155.29 billion (2023) | | Market Cap. | $544.00 billion (April, 2024) | | Total assets | $3.88 trillion (2023) | | Number of employees | 309,926 (2023) | | Divisions | – Asset and Wealth Management
  • Consumer and Community Banking
  • Commercial Banking
  • Corporate and Investment Banking | | Subsidiaries | – Chase Bank
  • J.P. Morgan & Co.
  • One Equity Partners
  • First Republic Bank | | Website | jpmorganchase.com |

What services does the JPMorgan Chase offer?

JPMorgan Chase has its roots in over 1,200 predecessor institutions. Its oldest predecessor is the Manhattan Company, founded in 1799. JPMorgan Chase’s modern form results from consolidating several large U.S. banking companies since 1996, including Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns, and Washington Mutual.

Today, JPMorgan Chase is one of the largest banks in the United States and a leading global financial institution. In 2022, its market capitalization was around 393 billion U.S. dollars, making it the largest bank in the world. With over 4,800 branches and over 270,000 workers, it’s a substantial presence in the US banking landscape.

  • Among the “big four” banks in the United States are JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.
  • In 2021, JPMorgan Chase had the largest market capitalization and was the leader in total assets and domestic deposits.

In 2021, it ranked seventh among the largest U.S. banks regarding female workforce representation. Its female board representation was 36.4%, ranking sixth among the leading U.S. banks.

On the bright side, the bank excelled in racial diversity: It had the highest share of racial minorities in its workforce and was among the top five banks with the most racially diverse executive and senior-level employees.

Source: Statista

JPMorgan Chase Market Capitalization

JPMorgan Chase Market Capitalization

They have secured a significant market cap of approximately $544.00 Billion, demonstrating their substantial influence and strong standing within the global financial industry.

YearMarket CapChange
2024 (Apr.)$544.00 billion10.62%
2023$491.76 billion25.02%
2022$393.34 billion-15.63%
2021$466.19 billion20.36%
2020$387.33 billion-9.9%
2019$429.91 billion34.44%
2018$319.78 billion-13.82%
2017$371.05 billion20.17%
2016$308.76 billion27.64%
2015$241.89 billion4.06%
2014$232.47 billion5.83%
2013$219.65 billion31.33%
2012$167.25 billion32.38%
2011$126.34 billion-23.83%
2010$165.87 billion0.98%
2009$164.26 billion39.58%
2008$117.68 billion-19.94%
2007$146.98 billion-12.09%
2006$167.19 billion20.82%
2005$138.38 billion-0.25%
2004$138.72 billion84.91%
2003$75.02 billion56.4%
2002$47.96 billion-33.46%
2001$72.08 billion

Source: Companies Market Cap

JPMorgan Chase Revenue

JPMorgan Chase Revenue

JPMorgan has recently set a record for the highest annual profit ever achieved by a US bank. As per JPMorgan Chase’s most recent financial reports, the company’s current revenue (TTM) is $155.29 billion.

  • In 2022, the company generated a revenue of $128.64 billion, marking an increase from the $121.68 billion revenue of 2021.
  • This revenue represents the total income generated by the company through the sale of goods or services.
YearRevenueChange
2023$155.29 billion20.72%
2022$128.64 billion5.72%
2021$121.68 billion1.6%
2020$119.77 billion3.71%
2019$115.49 billion5.93%
2018$109.02 billion9.3%
2017$99.75 billion4.27%
2016$95.66 billion2.84%
2015$93.02 billion-1.94%
2014$94.87 billion-1.79%
2013$96.60 billion-0.44%
2012$97.03 billion-0.21%
2011$97.23 billion-5.32%
2010$102.69 billion2.25%
2009$100.43 billion49.34%
2008$67.25 billion-5.77%
2007$71.37 billion15.54%
2006$61.77 billion14.11%
2005$54.13 billion25.72%
2004$43.06 billion29.49%
2003$33.25 billion12.3%
2002$29.61 billion1.69%
2001$29.12 billion

Source: Bloomberg, Companies Market Cap

Total Assets Under Management (AUM) of JPMorgan Chase

Total Assets Under Management (AUM) of JPMorgan Chase
YearJPMorgan Chase Total AUM
2023$3.88 trillion
2022$3.67 trillion
2021$3.74 trillion
2020$3.38 trillion
2019$2.69 trillion
2018$2.62 trillion
2017$2.53 trillion
2016$2.49 trillion
2015$2.35 trillion
2014$2.57 trillion
2013$2.41 trillion
2012$2.40 trillion
2011$2.30 trillion
2010$2.10 trillion
2009$2.03 trillion

JPMorgan Asset Management, rated Above Average, managed over $3.67 trillion in assets under management (AUM) as of 2022. The firm has diverse asset classes and robust investment teams. Despite well-priced funds, it faces competition from similar-sized peers. It also explores environmental, social, and governance-focused areas and direct indexing through the 55iP acquisition and a joint venture in China.

  • As of the first quarter ending in March 2024, JPMorgan Chase’s total assets have grown to an impressive $3.88 trillion, showing a significant 5.72% increase from the previous year.
  • This growth continues the positive trend seen in 2023 when the assets were also $3.88 trillion, marking a 5.72% increase from 2022. Interestingly, 2022 saw a slight dip of 2.08% in total assets, dropping to $3.67 trillion from $3.74 trillion in 2021.

However, 2021 was a good year for JPMorgan Chase with a robust 10.6% increase in total assets from 2020. This financial growth story underscores JPMorgan Chase’s strong position in the banking industry.

Source: Macrotrends

Assets under management (AUM) at JPMorgan Chase by region

JPMorgan Chase has experienced an overall growth in assets under management (AUM) across all areas despite a notable decrease in 2022.

YearNorth AmericaEurope/Middle East/AfricaAsia-PacificLatin America/Caribbean
2022$1,992 billion$487 billion$218 billion$69 billion
2021$2,219 billion$561 billion$254 billion$79 billion
2020$1,905 billion$517 billion$224 billion$70 billion
2019$1,646 billion$428 billion$192 billion$62 billion
2018$1,378 billion$366 billion$162 billion$51 billion
2017$1,429 billion$384 billion$160 billion$61 billion
2016$1,294 billion$309 billion$123 billion$45 billion
2015$1,253 billion$302 billion$123 billion$45 billion
2014$1,243 billion$329 billion$126 billion$46 billion
2013$1,114 billion$305 billion$132 billion$47 billion
  • North America stood out, with AUM exceeding $1.9 trillion in 2022.
  • In addition, North America boasted the highest value of client assets, surpassing $2.9 trillion in the same year.
  • Coming in second place for the highest value of AUM was the combined region of Europe, the Middle East, and Africa.

Source: Statista

JPMorgan’s Top 10 Largest ETFs

JPMorgan's Top 10 Largest ETFs

The JPMorgan Equity Premium Income ETF (JEPI) stands out as the largest JPMorgan ETF with $32.44 billion in assets, recently overtaking the JPMorgan Ultra-Short Income ETF (JPST) which has $24.6 billion. JEPI is an actively managed fund that holds blue-chip dividend stocks but also employs a covered call options strategy to generate additional income, resulting in a high 7.9% dividend yield.

RankETF NameTickerAssets (in billions)
1JPMorgan Equity Premium Income ETFJEPI$32.44
2JPMorgan Ultra-Short Income ETFJPST$24.60
3JPMorgan BetaBuilders Japan ETFBBJP$7.02
4JPMorgan BetaBuilders Europe ETFBBEU$6.79
5JPMorgan Diversified Return International Equity ETFJPIN$5.37
6JPMorgan BetaBuilders MSCI US REIT ETFBBRE$5.35
7JPMorgan Diversified Return U.S. Equity ETFJPUS$4.66
8JPMorgan Ultra-Short Municipal Income ETFJMST$3.39
9JPMorgan Diversified Return Emerging Markets Equity ETFJPEM$3.38
10JPMorgan Diversified Return Global Equity ETFJPGE$3.31

Source: Bloomberg

Overview of JPMorgan Chase Investments and Acquisitions

JPMorgan Chase Funding (Funding Rounds)

JP Morgan Chase successfully generated $3 million in funding in just one round, which was completed on April 18, 2019.

Announced DateTransaction NameMoney Raised
Apr 18, 2019Grant – JP Morgan Chase$3 million

Source: CrunchBase

JPMorgan Chase Funding (Funds Raised)

JP Morgan Chase has successfully amassed $1.1 billion through 2 funds.

Their most recent fund, JP Morgan European Corporate Finance Institutional Investors V, was announced on August 29, 2014, and raised $82.4 million.

Announced DateFund NameMoney Raised
Aug 29, 2014JP Morgan European Corporate Finance Institutional Investors V$82.4 million
Aug 11, 2014J.P. Morgan Digital Growth Fund II$1 billion

Source: CrunchBase

JPMorgan Chase Investments

JP Morgan Chase has made a total of 213 investments. The latest one was on April 16, 2024, when Homewise raised $1 million.

Announced DateOrganization NameLead InvestorFunding RoundMoney Raised
Apr 16, 2024HomewiseYesGrant – Homewise$1 million
Apr 11, 2024ArcadiaYesDebt Financing – Arcadia$30 million
Apr 8, 2024Chart IndustriesYesPost-IPO Debt – Chart Industries$1.3 billion
Mar 26, 2024Capital ConnectYesGrant – Capital Connect$250,000
Mar 20, 2024EcopetrolPost-IPO Debt – Ecopetrol$1.2 billion
Mar 12, 2024OYOYesDebt Financing – OYO₹2 billion
Feb 21, 2024Warby ParkerPost-IPO Debt – Warby Parker$120 million
Feb 8, 2024Florida Memorial UniversityYesGrant – Florida Memorial University$1 million
Feb 7, 2024PagayaPost-IPO Debt – Pagaya$280 million
Jan 31, 2024WELL Health TechnologiesYesPost-IPO Debt – WELL Health Technologies$300 million

Source: CrunchBase

JPMorgan Chase Acquisitions

JP Morgan Chase has made a total of 19 acquisitions. The most recent one was First Republic Bank, which they acquired on May 1, 2023.

Acquiree NameAnnounced DatePriceTransaction Name
First Republic BankMay 1, 2023First Republic Bank was acquired by JP Morgan Chase
AumniMar 22, 2023Aumni acquired by JP Morgan Chase
Global SharesMar 2022Global Shares acquired by JP Morgan Chase
FROSCHFeb 17, 2022FROSCH acquired by JP Morgan Chase
Frank Financial AidSep 21, 2021$175MFrank Financial Aid acquired by JP Morgan Chase
The InfatuationSep 9, 2021The Infatuation acquired by JP Morgan Chase
cxLoyalty Group-Global Loyalty businessDec 28, 2020cxLoyalty Group-Global Loyalty business acquired by JP Morgan Chase
InstaMedMay 17, 2019InstaMed acquired by JP Morgan Chase
WePayOct 17, 2017$400MWePay acquired by JP Morgan Chase
J.P. Morgan CazenoveNov 19, 2009J.P. Morgan Cazenove acquired by JP Morgan Chase

Source: CrunchBase

JPMorgan Chase Ownership Overview

JPMorgan Chase is predominantly owned by institutional shareholders, making up 71.63%. JPMorgan Chase & Co insiders hold 2.31%, while retail investors account for 26.05%.

The individual with the most significant stake in the company is James S. Crown, who owns 35.36M shares, which equates to 1.23% of the company.

Source: Wall Street Zen

Who founded JPMorgan Chase?

JPMorgan Chase, a leading global financial institution, has a rich history dating back to the late 18th century. Its inception resulted from mergers and acquisitions, with roots in multiple founding entities.

  • One of the earliest, The Manhattan Company, established by Aaron Burr in 1799, started as a water supply company before swiftly transitioning into banking.
  • Key figures such as John Pierpont Morgan and John Thompson also played significant roles. Morgan founded J.P. Morgan & Co. in 1871, and Thompson established Chase National Bank in 1877.
  • These institutions, among others, eventually amalgamated into the present-day JPMorgan Chase. Each merger integrated diverse visions and leadership approaches, which influenced the bank’s foundational development and operational evolution, merging the legacies of its key founders into a unified institution.

The 2000 merger of Chase Manhattan and J.P. Morgan & Co. signified the pinnacle of this historical journey, officially creating JPMorgan Chase & Co. This merger fused Chase Manhattan’s robust commercial banking with J.P. Morgan & Co.’s potent investment banking operations, positioning the bank as a formidable force in the global financial arena.

Source: Business Insider

JPMorgan Chase Leadership

JPMorgan Chase & Co. is renowned for its great leadership structure, characterized by a distinguished Board of Directors and a dynamic Operating Committee, all underpinned by a cadre of other key corporate officers.

Each member of this governance framework brings a wealth of experience and expertise, guiding the firm through the complexities of the financial services industry.

Board of Directors

The Board of Directors at JPMorgan Chase & Co. is composed of 12 esteemed members.

  1. Linda B. Bammann – Known for her profound insights and extensive experience in risk management.
  2. Todd A. Combs – Brings a sharp analytical mind to the board, honed through years in the investment sector.
  3. Alicia Boler Davis – Offers a unique perspective on global manufacturing and operations.
  4. James Dimon – As Chairman and CEO, he provides strategic leadership and vision.
  5. Timothy P. Flynn – Recognized for his expertise in auditing and financial services.
  6. Alex Gorsky – Brings leadership in healthcare and innovation.
  7. Mellody Hobson – Noted for her acumen in investment management and financial literacy advocacy.
  8. Michael A. Neal – Offers depth in global banking and financial services.
  9. Lee R. Raymond – Provides invaluable insights from the energy sector.
  10. Mark A. Weinberger – Known for his expertise in tax and economic policy.

Operating Committee

The Operating Committee is integral to the company’s day-to-day management and strategic direction.

It includes:

  1. James Dimon – Chairman and CEO.
  2. Ashley Bacon – Brings expertise in risk management.
  3. Jeremy Barnum – Oversees finance as the CFO.
  4. Lori A. Beer – Guides global technology initiatives.
  5. Mary Callahan Erdoes – Manages asset and wealth management.
  6. Stacey Friedman – Serves as General Counsel.
  7. Takis Georgakopoulos – Heads global payments.
  8. Teresa Heitsenrether – Oversees securities services.
  9. Robin Leopold – Leads human resources.
  10. Douglas B. Petno – Focuses on commercial banking.
  11. Jennifer A. Piepszak – Directs consumer banking.
  12. Daniel E. Pinto – Co-President and COO, also heads the corporate & investment bank.
  13. Troy Rohrbaugh – Leads global markets.

Other Corporate Officers

Supporting the governance structure, several key officers manage critical corporate functions:

  • John H. Tribolati, Secretary
  • Lou Rauchenberger, General Auditor
  • Joseph M. Evangelisti, Corporate Communications
  • Mikael Grubb, Investor Relations
  • Elena Korablina, Controller

This leadership team collectively ensures JPMorgan Chase & Co. remains at the forefront of the financial industry, upholding its commitment to integrity, innovation, and client service.

How many employees in JPMorgan Chase?

JPMorgan Chase has a substantial global presence, operating in over 60 countries with a workforce exceeding 300,000 employees.

As of the end of 2023, the company employed 309,926 people worldwide, marking a 5.52% increase from the previous year, when the employee count stood at 293,723.

YearJPMorgan Employees Headcount
2023309,926 employees
2022293,723 employees
2021271,025 employees
2020255,351 employees
2019256,981 employees
2018256,105 employees
2017252,539 employees
2016243,355 employees
2015234,598 employees
2014241,359 employees
2013251,196 employees
2012258,965 employees
2011260,157 employees
2010239,831 employees
2009222,316 employees

Source: Macrotrends

Where is the Headquarters of JPMorgan Chase?

The main office of JPMorgan Chase is located at 383 Madison Ave, New York, United States, and the company operates from 171 other locations.

CountryCityAddress
United StatesNew York383 Madison Ave HQ
United StatesAtlanta3424 Peachtree Road NE Monarch, Tower, 24th Floor
United StatesAustin221 W 6th St 2nd Floor
United StatesBaltimore650 S Exeter St Floor 9
United StatesBaton Rouge451 Florida St 6th Floor
United StatesBirmingham480 Pierce St 2nd floor, suite 250
United StatesBoca Raton240 E Palmetto Park Rd #2nd
United StatesBoston50 Rowes Wharf 3rd Floor
United StatesCharlotte4350 Congress St Suite 150
United StatesChicago10 S Dearborn St 8th floor

Source: Craft

How many banking branches does JPMorgan Chase have?

As of June 2023, JPMorgan Chase Bank was the top bank in the United States, boasting 5,117 branches nationwide. Wells Fargo Bank and Bank of America followed, with 4,521 and 4,029 branches, respectively.

Source: Statista

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