Search results
Results from the WOW.Com Content Network
JPMorgan Chase & Co. is an American multinational financial institution headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023. [4] [5] As the largest of Big Four banks, the firm is considered systemically important by the ...
J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase , one of the largest banking institutions in the world.
J. P. Morgan. John Pierpont Morgan (April 17, 1837 – March 31, 1913) [1] was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age and Progressive Era. As the head of the banking firm that ultimately became known as J.P. Morgan and Co., he was a driving personal force behind the ...
JPMorgan was among the banks that paid a price for that turmoil in the fourth quarter. Its quarterly profits of $9.3 billion dipped 15% from a year earlier largely because it took a one-time hit ...
JPMorgan had a core equity ratio of 12.9% of capital to risk-weighted assets at the end of September, well above the minimum 11.3% set out by the Federal Reserve, according to a filing from the bank.
Morgan, Stillman, Baker and the other city bankers were unable to pool money indefinitely. Even the U.S. Treasury was low on funds. Public confidence needed to be restored, and on Friday evening the bankers formed two committees—one to persuade the clergy to calm their congregations on Sunday, and a second to explain to the press the various aspects of the financial rescue package.
The company was established as the United British Securities Trust in 1887, became the Fleming Overseas Investment Trust in 1982, went on to be the JPMorgan Fleming Overseas Investment Trust in 2002, and then became JP Morgan Overseas Investment Trust in 2006 before adopted its current name in 2016.
Loaded 0%. JPMorgan Chase ( JPM) CEO Jamie Dimon said in a new shareholder letter Monday that he is worried about a number of risks to a resilient US economy that could "lead to stickier inflation ...