JP Morgan
JPMorgan Chase & Co. is a New York-based financial services firm formed in 2000 by the merger of Chase Manhattan and J.P. Morgan & Co., with origins in 1799. It reported 2025 net income of $57.0 billion.
Industry: Banking and financial services | Location: New York City, United States | Founded: 2000
About JP Morgan
JPMorgan Chase & Co., which now styles itself JPMorganChase, is a United States financial services firm headquartered at 270 Park Avenue in New York City. It serves consumers, small businesses and corporate, institutional and government clients under the J.P. Morgan and Chase brands. Its four business areas are Consumer & Community Banking, Commercial & Investment Banking, Asset & Wealth Management and Technology. It is listed on the New York Stock Exchange under the ticker JPM.
The firm traces its origins to 1799, when the Manhattan Company received a charter that allowed it to open a bank. J. Pierpont Morgan and Anthony Drexel established Drexel, Morgan & Co. in New York in 1871. The Bank of the Manhattan Company merged with Chase National Bank in 1955 to form Chase Manhattan Bank, and in 2000 Chase Manhattan merged with J.P. Morgan & Co. to form JPMorgan Chase. It counts more than 1,200 predecessor institutions, including Bank One, Chemical Bank and Bear Stearns.
Jamie Dimon is chairman and chief executive. The operating committee listed on the firm's website includes chief financial officer Jeremy Barnum, chief operating officer Jennifer Piepszak, and co-presidents Doug Petno and Troy Rohrbaugh, who also lead the commercial and investment bank and the consumer bank respectively. Mary Callahan Erdoes is chief executive of Asset & Wealth Management.
In the Middle East, JPMorgan said in October 2025 that it had operated in Saudi Arabia for more than 90 years. Bader Alamoudi is its senior country officer for Saudi Arabia and Bahrain. In October 2025 Bloomberg reported, and Mubasher relayed, that the firm obtained a licence to operate a regional headquarters in Saudi Arabia, while its Middle East and North Africa operations continue to report to its London hub.
For 2025 the firm reported net revenue of 182.4 billion US dollars and net income of 57.0 billion dollars on a reported basis, according to its filing with the US Securities and Exchange Commission. Total assets stood at 4.42 trillion dollars at 31 December 2025, and the return on tangible common equity was 20 percent.
Leadership
- Jamie Dimon, Chairman and Chief Executive Officer
- Jeremy Barnum, Chief Financial Officer
- Jennifer Piepszak, Chief Operating Officer
- Doug Petno, Co-President and Chief Executive Officer, Commercial & Investment Bank
- Troy Rohrbaugh, Co-President and Chief Executive Officer, Consumer & Community Banking
- Mary Callahan Erdoes, Chief Executive Officer, Asset & Wealth Management
- Bader Alamoudi, Senior Country Officer for Saudi Arabia and Bahrain