Microeconomics ECON 220 Common Research Project By Nkem Ojogbo

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.

It is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here's where JP Morgan Chase stands today

Progress:
J.P Morgan has helped create and preserve nearly 39,000 housing units since 2009.

Competition?

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Competition
Compared to other competing firms like Wells Fargo and Bank of America, Chase has the most competitive CD rates, more ATM location, no minimum balance on account and many more.

Major legacy institutions

Major legacy institutions include J.P. Morgan, Chase Manhattan, Chemical, Manufacturers Hanover, Bank One, First Chicago, and National Bank of Detroit contributed significantly to the development of communities worldwide.

Impact of recession:
Despite escalating losses on credit to consumers, JPMorgan continues to seek market share gains in the U.S. mortgage market. It s market share has risen to 11 percent from 6 percent.

Despite some significant mortgagebacked securities write-downs in 2007 and 2008, the bank s power and cache remain strong. The bank ranked number 12 on the Fortune 500 ranking of American companies and number 32 on Fortune s list of the world s largest companies in 2008.

AWARDS
Best Trade Bank in the World Trade & Forfaiting Review, 2010 Best Online Trade Bank Trade & Forfaiting Review, 2007 2009 Best Trade Services Provider Trade & Forfaiting Review, 2004 2008

AWARDS
Best Structured Trade Finance Bank Trade & Forfaiting Review, 2008 Most Innovative & Responsive Trade Bank Global Trade Review, 2006 2009

Conclusion
JP Morgan Chase has grown over the years by merging with banks like Washington Mutual, Bank one, Bear Stearns, Collegiate Funding Services etc. The Company in past 12 months achieved Gross Profit of $102.69 billion where the year to year quarterly

Thank you

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Any Questions?