HeadQuarters

Headquartered in New York City

The J.P. Morgan brand, historically known as Morgan, is used by the investment banking, asset management, private
banking, private wealth management, and treasury & securities services divisions. Fiduciary activity within private banking
and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.the actual trustee

History
1799 The Manhattan Company formed as a water provider, but also
participates in banking
1824 The New York Chemical Manufacturing Company formed to
manufacture chemicals, but expands into banking and changes its
name to Chemical Bank of New York.
1877 John Thompson formed Chase National.
1955 Chase National merged with Bank of Manhattan to form Chase
Manhattan
1996 Chemical Bank acquired Chase Manhattan and begins operating under
the Chase Manhattan brand name
1864 Junius Spencer Morgan gained control of George Peabodys London
bank and renamed it J.S. Morgan & Co.
1862 His son, J. Pierpont Morgan started his own firm in New York
1890 Following J.S. Morgans death, his son united the two banks under J.P.
Morgan & Co
1933 Glass-Steagall Act forced the company to split into the commercial
bank (J.P. Morgan) and the securities company (Morgan Stanley)
2001 Chase Manhattan acquired JPMorgan & Co. to form JPMorgan Chase
& Co.
Statistics
Revenue US$95.66 billion (2016)
Operating income US$34.53 billion (2016)
Net income US$24.73 billion (2016)
Total assets US$2.49 trillion (2016)
Total equity US$254.1 billion (2016)
Number of employees 250,355 (2016)

Major Locations
Key Personnel
James Dimon - Chairman and CEO

Board of Directors
The Board of Directors of JPMorgan Chase & Co. currently has 12 members. Learn more about the Board Directors and
the Committees they provide leadership for.

Linda B. Bammann View Bio

James A. Bell View Bio

Crandall C. Bowles View Bio

Stephen B. Burke View Bio

Todd A. Combs View Bio

James S. Crown View Bio

James Dimon View Bio

Timothy P. Flynn View Bio

Laban P. Jackson, Jr. View Bio

Michael A. Neal View Bio

Lee R. Raymond View Bio

William C. Weldon View Bio

Recent acquisitions
In 2006, JPMorgan Chase purchased Collegiate Funding Services, a portfolio company of private equity firm Lightyear
Capital, for $663 million. CFS was used as the foundation for the Chase Student Loans, previously known as Chase
Education Finance.

In April 2006, JPMorgan Chase acquired The Bank of New York Co.'s retail and small business banking network. The
acquisition gave Chase access to 339 additional branches in New York, New Jersey, and Connecticut.

In March 2008, JPMorgan acquired the UK-based carbon offsetting company ClimateCare.

In November 2009, JPMorgan announced it would acquire the balance of JPMorgan Cazenove, an advisory and
underwriting joint venture established in 2004 with the Cazenove Group, for GBP1 billion.

In January 2013, JPMorgan acquired Bloomspot, a San Francisco-based startup in the "deals" space for $35 million.
Shortly after the acquisition, the service was shut down and Bloomspot's talent was left unused.

Recent News about the company:

In October 2014, JP Morgan sold its commodities trader unit to Mercuria for $800 million, a quarter of the initial
valuation of $3.5 billion, as the transaction excluded some oil and metal stockpiles and other assets.

In March 2016, JPMorgan decided not to finance coal mines and coal power plants in wealthy countries.

In September 2016, JP Morgan made an equity investment in InvestCloud.

In December, 14 former executives of the Wendel investment company faced trial for tax fraud while JP Morgan Chase
was to be pursued for complicity. Jean-Bernard Lafonta was convicted last December for spreading false information and
insider trading, and fined 1.5 million euros.

In March 2017, Lawrence Obracanik, a former JPMorgan Chase & Co employee, pleaded guilty to criminal charges that
he stole more than $5 million from his employer to pay personal debts.

In June 2017, Matt Zames, the now former COO of the bank decided to leave the firm.