JPMorgan Chase

JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here's where they stand today:

• They are a leading global financial services firm with assets of $2.3 trillion.
• They operate in more than 60 countries.
• They have more than 240,000 employees.
• They serve millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients.
• They are a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.
• Their stock is a component of the Dow Jones Industrial Average.

  

Key Moments in J.P. Morgan History

2010:	J.P. Morgan Cazenove becomes a wholly-owned part of J.P. Morgan, having originally operated as a joint venture between J.P. Morgan and the U.K. investment bank Cazenove.
2008:	JPMorgan Chase & Co. acquires The Bear Stearns Companies Inc., strengthening its capabilities across a broad range of businesses, including prime brokerage, cash clearing and energy trading globally.
1996:	The firm jointly leads the first “century” bond for a sovereign borrower – a 100-year, $100 million issue for the People’s Republic of China.
1980:	Predecessor firm Hambrecht & Quist (H&Q) takes Apple Computer public.
1968:	The firm launches Euroclear, a system for the orderly settlement of transactions in Eurobonds.
1955:	Chase National Bank merges with The Bank of the Manhattan Company to form Chase Manhattan Bank.
1929:	Two Ohio institutions merge to form City National Bank & Trust, a predecessor of Bank One.
1915:	J.P. Morgan arranges the biggest foreign loan in history – a $500 million Anglo/French loan.
1906:	J.P. Morgan is central to the creation of U.S. Steel, GE and AT&T.
1895:	J. Pierpont Morgan, Sr. becomes senior partner. The New York firm is renamed J.P. Morgan & Co.
1893:	J.P. Morgan is primary financier of U.S. railroads.
1848:	The Waterbury Bank opens, a predecessor of the Chase Manhattan Bank.
1824:	The Chemical Bank is established.
1799:	The Manhattan Company, the firm’s earliest predecessor institution, is chartered.  J.P. Morgan Chase & Co. Vision Statement: "At JPMorgan Chase, we want to be the best financial services company in the world. Because of our great heritage and excellent platform, we believe this is within our reach." J.P. Morgan Chase & Co., a Top Fortune 500 Company J.P. Morgan Chase & Co. appears in the 2011 Fortune 500 company listing. Every year Fortune the American business magazine compiles, ranks and publishes a list of the top 500 U.S. public corporations based on their gross revenue. The Top Fortune 500 Company list provides Fortune magazine readers with facts and information about the top companies and their contributions to the American economy. Companies eligible for inclusion in the Top Fortune 500 Company list are are those incorporated in the United States and whose revenues are publicly available. Awards & Recognition Email Print A track record that is recognized by the market 14 Share and 13 Quality Leader distinctions Greenwich Associates, 2012 Derivatives house of the year Equity derivatives house of the year Commodity and energy derivatives house of the year OTC clearing service of the year Bank risk manager of the year Credit portfolio manager of the year Risk, January 2012 #1 Overall in Risk’s Institutional Investor rankings 12 first-place finishes Risk, June 2011 #1 All-Europe Fixed-Income Research Team, 2012 #1 All-America Fixed-Income Research Team, 2011 #1 All-America Equity Research Team, 2011 #1 Latin America Equity Research Team Institutional Investor, 2012 and 2011 Best Global Commodities House Five awards in Americas Four Awards in Asia Pacific Six Awards in EMEA Euromoney, July 2011 Additional awards and recognition Best FX Prime Broker (fxweek, 2012) Best Investment Bank in Latin America, Chile, Colombia and Peru (Euromoney, 2012) Best M&A House in China and India (Euromoney, 2012) Best Debt House in Australia (Euromoney, 2012) U.S. Natural Gas, Emissions and Precious Metals House of the Year (EnergyRisk, 2012) Best use of Mobile for the Empire iPad application (FSTech,  2012) Investment Bank of the Year (Latin Finance, 2012) Best Investment Bank of the Year (Latin Finance, 2012) European Investment Bank of the Year (Financial News, December 2011) Equity Derivatives House of the Year (Asia Risk, October 2011) Most Innovative for Equity Linked and Most Innovative for Bank Capital (The Banker, October 2011) #1 All-America Equity Research Team (Institutional Investor, October 2011) Business Principle Their company was built with hard work over 200 years. They would like to create a company that all can be proud of, and we are confident that, working together, They will build the best financial services company in the world. Certain principles are so fundamental to our success that we would like to describe them in some detail. If we can adhere to these principles – and they are not in order of importance – we will reach our goal of becoming the best financial services company in the world. We also hope they will give you a roadmap on how and why we make our decisions.    Businesses The U.S. consumer and commercial banking businesses serve customers under the Chase brand. The consumer businesses include: Branch, ATM, telephone and online banking Credit cards Small business Home finance and home equity loans Auto finance Education finance Retirement & Investing Retail Checking The commercial banking businesses include: Middle Market Corporate Client Banking Commercial Real Estate Business Credit Equipment Finance Commercial Term Lending Community Development J.P. Morgan clients include the world's most prominent corporations, governments, wealthy individuals and institutional investors. These businesses use the J.P. Morgan brand: Investment Bank Asset Management Treasury Services Worldwide Securities Services Private Banking One Equity Partners J.P. Morgan help clients manage currency and market risk through our combined capabilities as a leading trading house, premiere investment bank and global custodian. Our size, scale and expertise translates into fast, competitive and consistent pricing for all execution services. Foreign Exchange J.P. Morgan is a FX trading volume leader, offering clients tight, market reflective prices and executing 7-10% of world's FX volume. Our foreign exchange services help clients manage regulatory risk and currency exposure and are customized to clients' unique business imperatives and risk profile. We offer a unique combination of comprehensive product expertise, time-zone support, superior liquidity, award-winning research and value-added strategies. Futures & Options J.P. Morgan, through its Futures & Options Group, offers institutional investors the ability to link exchange-traded derivatives execution, clearing and reporting with its custody service. Clients can profit from access to our comprehensive product base and can leverage the knowledge and capabilities derived from J.P. Morgan's size, strength and market position. Commission Recapture Offered in partnership with Capital Institutional Services (CAPIS), J.P. Morgan's commission recapture program helps institutional investors reduce their trading costs. By directing their investment managers or subadvisors to execute a portion of their trades through firms on CAPIS' extensive list of well-known brokers, clients qualify for a rebate on commission expenses. Transition Management J.P. Morgan is committed to helping institutional investors restructure their assets and achieve their desired portfolio exposure in a timely, risk controlled and cost effective manner. Our clients receive experienced transition management expertise for strategy development, planning, optimised trading, execution, operations and post trade analysis. The value we provide clients includes our combined analytics and execution capabilities as a premiere investment bank and our operational and administrative expertise as a leading global custodian. Organizational chart   Corporate Responsibility At JPMorgan Chase, corporate responsibility is about what we do every day in our businesses and how we do it. We are committed to managing our businesses to create value for our consumer and corporate clients as well as our shareholders, communities and employees and to being a responsible corporate citizen. Our commitment to corporate responsibility extends to every facet of our business – in both good economic times and bad. We are proactively assisting customers and clients as well as supporting efforts to achieve financial market stability throughout these unprecedented economic times. As we look to the future, we remain committed to doing business in a responsible way, to being responsible stewards of shareholder capital and to being a good corporate partner to our communities across the globe. These reports demonstrate our approach.

 

Social Responsibility

J.P. Morgan is committed to building vibrant communities, preserving our environment and promoting an inclusive culture across the globe that benefits people not only today, but for generations to come.
Globally, J.P. Morgan, through the JPMorgan Chase Foundation, provides grants to charities in three areas of focus: Education, Community Development and Arts & Culture. We prioritize our funding efforts to focus on responding to the deepening social need in the communities we serve. Across Sub-Saharan Africa our commitments include:

• SME Catalyst for Growth Program
• Rural Education Access Programme (REAP) 
• Shared Interest/Thembani 
• Technoserve

SME Catalyst for Growth Program
In South Africa, the SME sector has the potential to positively affect the high level of unemployment and the relatively low economic growth rate in the country. J.P. Morgan has learnt that while access to finance is a challenge for SMEs in South Africa, there are several pools of capital currently targeting the sector. A more pressing challenge is the lack of management capacity and skills in the start up and early growth phases of an SME and it is this support that the SME Catalyst for Growth program is targeting.
The program will support two high quality Business Development Services (BDS) providers in South Africa, Raizcorp and Aurik, to help them increase their reach to urban SMEs in the Gauteng province. Through their product suite of BDS, Aurik and Raizcorp will work with ten businesses each and help the selected entrepreneurs achieve real growth for their businesses. The program, through its partnership with Dalberg, a strategy consulting firm specializing in international development, will also establish the platform for transparency and standardization in the quality of BDS provision


 

Futures & Options

J.P. Morgan is one of the most dynamic market leaders in the futures and options brokerage business. We have been providing Research, Sales, Execution and Clearing services across fixed income, equity, foreign exchange and commodity asset classes since 1979. Today we clear more than 70 exchanges with electronic trading access to over 50 of them. 
Clients benefit from our commitment to delivering:

·         Research

·         Execution Services

·         Clearing Services

·         Client Solutions

Research
J.P. Morgan offers comprehensive, in-depth research on listed derivatives, OTC derivatives and their associated underlying cash markets.
J.P. Morgan's research teams are well known for quantitative analysis, focusing on value comparisons among listed futures and options, cash markets and various derivative instruments. Our derivatives research programs can be customized to help clients tailor their individual risk management and investment strategy needs. Analytical models, daily reports and interactive tools are available.
J.P. Morgan's sales and research teams work closely together, combining local market expertise and in-depth analysis to help clients create and execute effective trading, hedging and portfolio-management strategies.
Execution Services
J.P. Morgan has a comprehensive range of execution choices, offering centralized execution support and access to local specialists. A choice of electronic solutions provides access to our extensive global exchange network. The firm's presence in major financial centers around the world enables us to monitor transaction flows and market trends 24 hours a day.
Clearing Services
J.P. Morgan has been a pioneer of many of the practices and services that have become standard in the futures and options industry. The firm has built its client franchise by developing long-term relationships and delivering exceptional service. J.P. Morgan has a structured approach to client management with global client teams who are 24 hour, multi-lingual and dedicated to the futures and options product.
Over 99.95% of J.P. Morgan's business is conducted on exchanges where the firm maintains direct clearing memberships. Our core processing system operates in a global environment and is volume insensitive, processing in excess of four million contracts per day.
Client Solutions
Dedicated support, development and client teams are available to assist clients in choosing the trading and clearing solutions that best serve their requirements.  J.P. Morgan’s award winning MORCOM platform offers functionality designed to achieve straight-through-processing from execution through to clearing and settlement.
MORCOM eXtraTrade is a robust trading tool offering a choice of connectivity methods into J.P. Morgan’s extensive exchange network and is available across multiple asset classes. Pre-trade order validation is managed via our risk management product. Cutting edge capacity monitoring ensures a highly stable and resilient system supported by dedicated 24 hour technical and execution teams.
MORCOM provides a flexible and innovative clearing system to clients. Ongoing development is client driven and provides functionality such as, a real-time online trade reconciliation tracker, an expiry position tracker and automated splits and allocations. 
J.P. Morgan’s client education programs and online tutorials are well respected and can be customized to suit clients' requirements.