JPMorgan Chase & Co. (NYSE: JPM) is a financial holding company incorporated under Delaware law in 1968 that operates across investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management. The Firm generates revenue through net interest income on loans and deposits, investment banking fees, asset management fees, trading revenues, and transaction processing fees. With $4.4 trillion in assets and $362.4 billion in stockholders' equity as of December 31, 2025, JPMorgan Chase is one of the largest financial institutions in the United States. Its principal bank subsidiary is JPMorgan Chase Bank, National Association, which maintains U.S. branches in 48 states and Washington, D.C. The Firm operates under the J.P. Morgan and Chase brands, serving millions of individual and small business customers predominantly in the U.S., as well as corporate, institutional, and government clients globally.

Revenue model

Net interest income from lending and deposit-taking, investment banking fees, asset and wealth management fees, trading revenues, and financial transaction processing fees across consumer, commercial, and institutional segments.

Products and services

Investment banking, consumer banking, small business banking, commercial banking, financial transaction processing, asset management, brokerage services (through J.P. Morgan Securities LLC), and international banking services (through J.P. Morgan Securities plc and J.P. Morgan SE). Brands include J.P. Morgan and Chase.

Customers and end markets

Millions of individual consumers and small businesses predominantly in the U.S.; corporate, institutional, and government clients globally. End markets include retail banking, investment banking, commercial lending, and asset management.

Value-chain role

Direct financial intermediary and capital markets participant. Operates as lender, deposit-taker, underwriter, broker-dealer, asset manager, and transaction processor across consumer and institutional markets.

Geographic exposure

Primarily United States, with U.S. branches in 48 states and Washington, D.C. International operations conducted through overseas branches, subsidiaries, representative offices, and subsidiary foreign banks, with principal non-U.S. subsidiaries J.P. Morgan Securities plc and J.P. Morgan SE (JPMSE) as of the 10-K filed 2026-02-13.

Source: SEC 10-K, filed 2026-02-13

Industry: National Commercial Banks Peers: Bank of America Corp Citigroup Inc US Bancorp Wells Fargo & Co