What services does JP Morgan Chase offer?


Quick Answer

JPMorgan Chase and Company offers consumer and commercial banking services under the Chase brand and institutional wealth management services under the J.P. Morgan brand. Consumer services include the issuance of credit cards, small business loans, home mortgages, auto financing and educational loans, as well as personal bank accounts, merchant services, and retirement and investing services.

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Full Answer

Commercial banking services under the Chase brand include business credit, commercial term lending, real estate banking, international banking and community development banking, as well as middle market banking and equipment finance. Commercial banking under the J.P. Morgan brand includes corporate client banking, government banking, not-for-profit banking and health care banking.

J.P. Morgan counts large corporations, governments, wealthy individuals and institutional investors among its clients. Its services include institutional asset management, investment banking, investment management, treasury services, and wealth management and brokerage services. It also offers market and investor services and private banking.

Headquartered in New York, JPMorgan Chase is the biggest bank in the United States and the world's fifth biggest in terms of total assets, with $2.6 trillion as of 2014. Its hedge fund unit is the second-largest in the United States. Listed in the New York Stock Exchange, the company is a product of the merger of Chase Manhattan Corporation and J.P. Morgan in 2000. Net income in 2014 was $21.76 billion on revenues of $97.9 billion. It is a component of the Dow Jones Industrial Average and the S&P 500.

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