JPM Aug 2024 130.000 call
- Yahoo Finance Video
JPMorgan Chase history: Beyond the Ticker
Although JPMorgan Chase (JPM) was only formed in 2000, the bank has roots that date back to our Founding Fathers. Let's take a look at the banking giant's biggest moments with Beyond the Ticker. 1799 JPMorgan Chase's earliest predecessor institution, The Manhattan Company, was founded. Its founders included Alexander Hamilton and Aaron Burr. 1871 Drexel, Morgan & Co. was founded by investment banker J. Pierpont Morgan and Anthony Drexel. The firm was renamed J.P. Morgan & Co. in 1895. 1877 Chase National Bank was founded by John Thompson, who named the bank after Salmon P. Chase, Secretary of the Treasury under Abraham Lincoln. 1955 Chase National Bank merged with The Bank of The Manhattan Company to form Chase Manhattan Bank. 2000 J.P. Morgan & Co. Inc. merged with The Chase Manhattan Corporation to form J.P. Morgan Chase & Co. 2004 J.P. Morgan Chase merged with Bank One Corporation, retaining the name JPMorgan Chase & Co. 2006 CEO of Bank One Jamie Dimon became the COO of JPMorgan Chase, eventually taking over the role of JPMorgan Chase CEO in 2006. 2008 During the financial recession of 2008, Dimon and JPMorgan Chase helped stabilize the markets by acquiring failing firms Bear Stearns and Washington Mutual. 2023 On May 1, 2023, J.P. Morgan Chase acquired First Republic Bank (FRCB) in the second-largest bank failure behind Washington Mutual. 2024 JPMorgan Chase is currently the world's largest bank, with a market cap of over $570 billion. The company remains committed to its future, leaning into artificial intelligence with its AI Research program, as it looks to remain atop the financial industry in this new digital age. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. Check out more of our Beyond the Ticker series, and be sure to tune in to Yahoo Finance. Editor's note: This video was produced by Zach Faulds.
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- Zacks
Investors Heavily Search JPMorgan Chase & Co. (JPM): Here is What You Need to Know
JPMorgan Chase & Co. (JPM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
