JPMorgan Chase & Co. is a well-known multinational investment bank and financial services provider. It is the largest bank in the US, and the sixth largest bank in the world calculated by its total assets. These assets are together estimated to be over $2 trillion. It is also the most valuable bank in the world by market capitalization. Today, the company has more than 250 thousand employees around the world, making it one of the largest employers in the banking sector. The bank serves millions of customers around the world, across over 100 markets.
As an investment bank, JPMorgan generates revenue by investing in other businesses and endeavors. The company's investors purchase interests in growing businesses, currencies, and individuals, and that money will then help to encourage movement in the economy as that money is reinvested.
JPMorgan Chase as it stands today exists as the combination of several large banking companies in the US. These include Chase Manhattan Bank, J.P. Morgan & Co, Bank One, Washington Mutual, Bear Stearns, and more. The company's oldest constituent is the Bank of the Manhattan Company-the third oldest banking corporation in the US and 31st oldest in the world-established in 1799 by Aaron Burr.
JPMorgan is named for John Pierpont Morgan, who was one of the most powerful bankers between 1837 and 1913. He was responsible for financing many railroads and helped to organize several major corporations such as U.S. Steel, and General Electric. His influence was at least partially credited with helping to stabilize the U.S. economy during the crisis in 1907.
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