JPMorgan Chase & Co. is a leading financial services firm based in the United States with a global presence, offering a wide range of products and services across various segments . The company is organized into four major business segments, each catering to different client needs, including consumer banking, investment banking, commercial banking, and asset management . Through its diversified business model, JPMorgan Chase serves a broad spectrum of clients worldwide, leveraging its strong market positions to drive revenue growth and maintain a competitive edge in the financial services industry .
-
Consumer & Community Banking (CCB) - Provides products and services to consumers and small businesses through bank branches, ATMs, digital platforms, and telephone banking, including Banking & Wealth Management, Home Lending, and Card Services & Auto .
- Banking & Wealth Management - Offers banking services and wealth management solutions to individual and small business clients .
- Home Lending - Provides mortgage and home equity lending services .
- Card Services & Auto - Offers credit card services and auto financing .
-
Corporate & Investment Bank (CIB) - Offers investment banking, lending, payments, market-making, financing, custody, and securities products and services to corporate and institutional clients globally .
-
Asset & Wealth Management (AWM) - Provides investment management solutions across equities, fixed income, alternatives, and money market funds to institutional and retail investors, along with retirement products, brokerage, custody, trusts, and estate services to high-net-worth clients .
-
Commercial Banking (CB) - Delivers comprehensive financial solutions, including lending, payments, and investment banking services, primarily to middle-market clients, small and mid-sized companies, and commercial real estate clients .
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Daniel E. Pinto ExecutiveBoard | President and Chief Operating Officer | None mentioned | Daniel Pinto has been the President and COO since January 2022. He will relinquish these responsibilities on June 30, 2025, and retire at the end of 2026. | View Report → |
James Dimon ExecutiveBoard | Chairman of the Board and Chief Executive Officer | Member of the Board of Deans, Harvard Business School; Director, Catalyst; Member, Business Roundtable; Member, Business Council; Trustee, New York University School of Medicine | James Dimon has been the CEO since December 2005 and Chairman since December 2006. He joined JPMorgan Chase in 2004 after the merger with Bank One Corporation, where he was Chairman and CEO. | View Report → |
Jennifer A. Piepszak Executive | Chief Operating Officer | None mentioned | Jennifer Piepszak became the COO on January 14, 2025. She previously served as Co-CEO of the Commercial & Investment Bank and Co-CEO of Consumer & Community Banking. | View Report → |
Jeremy Barnum Executive | Chief Financial Officer | None mentioned | Jeremy Barnum has been the CFO since May 2021. He previously served as Head of Global Research for the Corporate & Investment Bank and CFO and Chief of Staff for CIB. | View Report → |
Lori A. Beer Executive | Chief Information Officer | None mentioned | Lori A. Beer has been the CIO since September 2017. Her previous roles within JPMorgan Chase are not detailed in the documents. | View Report → |
Marianne Lake Executive | CEO of Consumer & Community Banking | None mentioned | Marianne Lake has been the CEO of Consumer & Community Banking since January 2024. She has held various senior roles at JPMorgan Chase, including CFO from 2013 to 2019. | View Report → |
Mary Callahan Erdoes Executive | CEO of Asset & Wealth Management | None mentioned | Mary Callahan Erdoes has been the CEO of Asset & Wealth Management since September 2009. She has held senior-level positions at JPMorgan Chase for an extended period. | View Report → |
Robin Leopold Executive | Head of Human Resources | None mentioned | Robin Leopold has been the Head of Human Resources since January 2018. She previously served as the Head of HR for the Corporate & Investment Bank. | |
Stacey Friedman Executive | General Counsel | None mentioned | Stacey Friedman has been the General Counsel since January 2016. Her previous roles within JPMorgan Chase are not detailed in the documents. | |
Troy Rohrbaugh Executive | Co-CEO of the Commercial & Investment Bank | None mentioned | Troy Rohrbaugh became Co-CEO of the Commercial & Investment Bank on January 25, 2024. He previously served as Co-Head of Markets & Securities Services. | View Report → |
Alex Gorsky Board | Director | Board Member at Apple Inc. and IBM; Trustee at NewYork-Presbyterian Hospital | Alex Gorsky has been a Director since 2022. He is also involved with several other organizations. | |
Alicia Boler Davis Board | Director | CEO of Alto Pharmacy, LLC | Alicia Boler Davis has been a Director since March 20, 2023. She previously held senior roles at Amazon and General Motors. | |
Linda B. Bammann Board | Director and Chair of the Risk Committee | Board Member, Travis Mills Foundation; Senior Advisor, Brydon Education | Linda B. Bammann has been a Director since 2013 and serves as Chair of the Risk Committee. She has extensive experience in risk management. | |
Mark A. Weinberger Board | Director | Board Member at Johnson & Johnson, MetLife, Inc., Saudi Aramco; Trustee at Emory University, Case Western Reserve University | Mark A. Weinberger has been a Director since January 16, 2024. He is the former Global Chairman and CEO of Ernst & Young. | |
Mellody Hobson Board | Director | Co-CEO and President of Ariel Investments, LLC; Chair of Starbucks Corporation | Mellody Hobson has been a Director since 2018. She is also involved in various leadership roles outside JPMorgan Chase. | |
Phebe N. Novakovic Board | Director | Chairman and CEO of General Dynamics Corporation; Board Member at Cargill | Phebe N. Novakovic has been a Director since 2020. She has extensive experience in leadership roles at General Dynamics and other organizations. | |
Stephen B. Burke Board | Director | None mentioned | Stephen B. Burke is a Director and Retired Chairman and CEO of NBCUniversal, LLC. He has been a Director since 2013. | |
Todd A. Combs Board | Director | Chairman, President, and CEO of GEICO; Investment Officer at Berkshire Hathaway; Board Member at Precision Castparts Corp., Duracell Inc., Charter Brokerage LLC | Todd A. Combs has been a Director since 2016 and is involved in various roles at Berkshire Hathaway and its subsidiaries. | |
Virginia M. Rometty Board | Director | Board Member at Cargill; Member of Mitsubishi UFJ Financial Group Advisory Board | Virginia M. Rometty has been a Director since 2020. She is the retired Executive Chairman, President, and CEO of IBM. |
-
Given the increasing competition from private credit firms and changes in market structure, how is JPMorgan planning to adjust its strategies to maintain its competitive edge in market-making and traditional lending, especially when non-bank entities are not constrained by the same regulations?
-
With Banking & Wealth Management revenue declining by 11% year-on-year due to deposit margin compression and lower deposits, what specific actions is JPMorgan taking to mitigate these pressures and reverse the trend of decreasing deposits, which are down 8% year-on-year?
-
Despite having at least $30 billion of excess capital, why is JPMorgan choosing to be patient in deploying this capital, and how does this decision align with your long-term growth and shareholder return objectives in a potentially turbulent market environment?
-
Considering the uncertainty surrounding the final Basel III capital requirements and your stance that current requirements may already be more than needed, how will this impact your capital planning, lending practices, and overall competitiveness, especially if regulations push more activities outside the banking sector?
-
Jamie, you've expressed significant interest in government policy and its impact on the economy; under what circumstances, if any, would you consider transitioning from your role at JPMorgan to a government position, and how do you manage this interest alongside your commitment to the company?
Research analysts who have asked questions during JPMORGAN CHASE & earnings calls.
Betsy Graseck
Morgan Stanley
4 questions for JPM
Ebrahim Poonawala
Bank of America Securities
4 questions for JPM
Gerard Cassidy
RBC Capital Markets
4 questions for JPM
Erika Najarian
UBS
2 questions for JPM
Glenn Schorr
Evercore ISI
2 questions for JPM
James Mitchell
Seaport Global Holdings LLC
2 questions for JPM
John McDonald
Truist Securities
2 questions for JPM
L. Erika Penala
UBS
2 questions for JPM
Matthew O'Connor
Deutsche Bank
2 questions for JPM
Michael Mayo
Wells Fargo
2 questions for JPM
Mike Mayo
Wells Fargo
2 questions for JPM
Saul Martinez
HSBC
2 questions for JPM
Steven Chubak
Wolfe Research
2 questions for JPM
Christopher McGratty
Keefe, Bruyette & Woods
1 question for JPM
James Mitchell
Seaport Global Securities
1 question for JPM
Jim Mitchell
Seaport Global
1 question for JPM
Kenneth Usdin
Jefferies
1 question for JPM
Ken Usdin
Autonomous Research
1 question for JPM
Matt O'Connor
Deutsche Bank
1 question for JPM
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
First Republic Bank | 2023 | JPMorgan Chase acquired First Republic Bank on May 1, 2023 for $67.9 billion, obtaining $173 billion of loans, $30 billion of securities, and assuming $92 billion of deposits while entering FDIC loss-share agreements, with expected incremental net income and $2.0 billion in restructuring costs. |
China International Fund Management Co., Ltd. (CIFM) | 2023 | JPMorgan Chase received final regulatory approval on March 24, 2023, to acquire the remaining 51% interest in CIFM, making it a wholly-owned subsidiary and increasing goodwill in its AWM segment, thereby expanding its presence in the Chinese market. |
Aumni | 2023 | JPMorgan Chase entered into a definitive agreement on March 22, 2023 and completed the acquisition of Aumni in Q2 2023, resulting in an estimated goodwill increase in its Corporate & Investment Bank segment while enhancing its investment analytics software capabilities. |
Global Shares | 2022 | JPMorgan Chase acquired Global Shares, an Irish fintech providing cloud-based share plan software, with the deal announced in March 2022 and expected to close in the second half of 2022 as part of a broader $1 billion fintech investment strategy aimed at expanding its digital offerings. |
Recent press releases and 8-K filings for JPM.
- Siemens AG and B2C2 are using JPMorgan’s Kinexys Digital Payments platform for near-instant cross-border FX in USD, GBP, and EUR around the clock.
- The Kinexys network, launched in 2019, processes $3 billion daily, a growing slice of JPMorgan’s $10 trillion daily payment volume.
- B2C2 acts as a market maker, providing continuous liquidity for live conversions and reducing execution slippage during non-standard hours.
- Siemens leverages the blockchain-based FX solution to optimize working capital and reshape global treasury operations in real time.
- J.P. Morgan Asset Management issued its 30th edition of Long-Term Capital Market Assumptions, offering a 10–15-year outlook on returns and risks.
- A 60/40 stock-bond portfolio is forecast to return 6.4% annually, increasing to 6.9% with a 30% allocation to diversified alternatives, and delivering a 25% lift in Sharpe ratio over the simple 60/40.
- Key asset class return assumptions include 4.0% for U.S. intermediate Treasuries, 6.7% for U.S. large-cap equities, 7.8% for emerging markets equities, and 10.2% for private equity.
- The report highlights the need for diversification amid economic nationalism and accelerating AI adoption, stressing active management and real assets to manage volatility.
- Merit Medical signed an agreement to acquire the C2 CryoBalloon device and related technology from Pentax of America, Inc., with closing expected in Q4 2025.
- Total purchase consideration of $22 million, comprising $19 million cash at closing and up to $3 million in contingent payments upon milestone achievement.
- Projected revenue contribution of ~$1 million for the period Nov 1–Dec 31, 2025 and $6–8 million in revenue in 2026; the acquisition is initially dilutive to non-GAAP EPS by $0.01 in 2025 and by $0.02–0.03 in 2026.
- Transaction subject to customary closing conditions and integration of manufacturing into Merit’s South Jordan, Utah facility.
- Net income of $14.4 B (EPS $5.07), revenue of $47.1 B (+9% YoY) and expense of $24.3 B (managed overhead 52%)
- Average loans of $1.4 T (+7% YoY) and average deposits of $2.5 T (+6% YoY)
- Standardized CET1 capital ratio of 14.8%, Total Loss-Absorbing Capacity of $568 B and HQLA & marketable securities of $1.5 T
- Common dividend of $1.50 per share ($4.1 B) and net share repurchases of $8.0 B, with last-twelve-month net payout of 73%
- JPMorgan acknowledged a $170 million Q3 charge-off tied to the bankruptcy of subprime auto lender Tricolor Holdings.
- The Tricolor loss helped drive its $3.4 billion credit-loss provision, versus Goldman Sachs’s $339 million provision.
- The bank is reviewing its credit-risk controls following this exposure, highlighting concerns over hidden risks in the subprime auto sector.
- JPMorgan clarified it has no exposure to the separate First Brands bankruptcy.
- Net income of $14.4 B, EPS $5.07, revenue $47.1 B (+9% YoY); expenses $24.3 B (+8% YoY); CET1 ratio 14.8%
- CCB net income $5 B, revenue $19.5 B (+9% YoY) with resilient consumer credit and leading retail deposit share; CIB net income $6.9 B, revenue $19.9 B (+17% YoY), including IB fees +16%, FICC +21%, equities +33%
- AWM net income $1.7 B, revenue $6.1 B (+12% YoY); long-term net inflows $72 B, AUM $4.6 T (+18%), client assets $6.8 T (+20%)
- Q4 guidance: NII ex-markets ~$23.5 B, total NII ~$25 B; Q4 expense ~$24.5 B (FY expense ~$95.9 B); 2025 card NCO ~3.3%; preliminary 2026 NII ex-markets ~$95 B
- Net income was $14.4 B with EPS of $5.07, up 12% YoY.
- Managed revenue of $47.1 B, up 9% YoY (NII $24.1 B, NIR $23.0 B; Markets revenue $8.9 B, +25% YoY).
- Expense of $24.3 B (managed overhead ratio 52%) and credit costs of $3.4 B.
- CET1 capital ratios at 14.8% (Standardized) and 14.9% (Advanced); capital returned included $4.1 B dividends and $8.0 B buybacks.
- Segment net income: CCB $5.0 B (ROE 35%), CIB $6.9 B (ROE 18%), AWM $1.7 B (ROE 40%).
- Net income of $14.4 billion in Q3 2025, or $5.07 EPS, versus $12.9 billion ($4.37 EPS) in Q3 2024
- Reported revenue of $46.4 billion (managed $47.1 billion), up 9% YoY; Markets revenue rose 25% to $8.9 billion, driven by Fixed Income and Equity Markets
- Expenses of $24.3 billion; delivered ROE of 17% and ROTCE of 20%
- Capital distributions: $4.1 billion dividend ($1.50/share) and $8.0 billion in share repurchases; CET1 ratio at 14.8%
- JPMorganChase announced the Security and Resiliency Initiative, a $1.5 trillion, 10-year plan including up to $10 billion in direct equity and venture investments to strengthen critical industries.
- The initiative expands the firm's planned financing from $1 trillion to $1.5 trillion, targeting four areas: supply chain and advanced manufacturing; defense and aerospace; energy independence and resilience; and frontier technologies.
- To support this effort, JPMorganChase will hire additional banking and investment professionals, establish an external advisory council, and produce thematic research through its Center for Geopolitics.
- As of June 30, 2025, JPMorganChase held $4.6 trillion in assets and $357 billion in stockholders’ equity, serving 34,000 mid-sized companies and over 90% of the Fortune 500.
- JPMorgan Chase has unveiled a $1.5 trillion, 10-year Security and Resiliency Initiative targeting critical U.S. industries such as defense, aerospace, advanced manufacturing, energy independence, AI, and quantum computing.
- The bank plans $10 billion in direct equity and venture capital investments and will boost financing by $500 billion, a 50% increase over previous commitments.
- The program will engage 27 sub-sectors and provide advisory services, financing, capital investments, new hires of banking and investment professionals, and an external advisory council.
- This move supports broader U.S. goals to modernize infrastructure and strengthen supply chains amid rising geopolitical tensions and reliance on critical minerals.