JPMorgan Chase (JPM -2.36%) is the largest commercial bank in the U.S., with about $4.5 trillion in assets. Chase Bank is the company's consumer and community banking subsidiary. Its other three segments are corporate and investment banking, commercial banking, and asset and wealth management.
JPMorgan Chase's roots go all the way back to 1799, when its earliest predecessor institution, The Manhattan Co., was founded. The Manhattan Co.'s founders included Alexander Hamilton and Aaron Burr. Later, tycoon J. Pierpont Morgan joined with Philadelphia banker Anthony Drexel to form a private merchant banking house called Drexel, Morgan & Co. in New York City in 1871.
The institution later became J.P. Morgan & Co. and went public in 1940. After merging with The Chase Manhattan Corp. in 2000, the company became JPMorgan & Chase.
Today, JPMorgan Chase remains a publicly traded company, which means it's owned by its shareholders. It trades on the New York Stock Exchange under the ticker "JPM." Since it's publicly traded, anyone with a brokerage account can invest in the stock and become a part-owner of JPMorgan Chase.
NYSE: JPM
Key Data Points
Name | Title | Number of Shares (direct & indirect) |
|---|---|---|
Jamie Dimon | CEO of JPMorgan Chase | 6.4 million |
Mary Erdoes | CEO of JPMorgan Chase asset & wealth management | 608,000 |
Stephen Burke | JPMorgan Chase lead independent director | 259,000 |
Mellody Hobson | Chair of Starbucks and JPMorgan Chase board member | 152,000 |
Ashley Bacon | JPMorgan Chase Chief Risk Officer | 234,000 |
Institutional investors
- Vanguard Group: Vanguard, a Pennsylvania-based registered investment advisor whose low-cost mutual funds and exchange-traded funds (ETFs) are a mainstay in retirement accounts, is the largest JPMorgan Chase shareholder. It owns more than 222 million shares, amounting to a stake of about 8%. The funds that hold the largest number of JPMorgan Chase shares are the Vanguard Total Stock Market Index Fund, the Vanguard 500 Index Fund, and the Vanguard Index Value Index Fund.
- BlackRock (BLK -3.17%): BlackRock is the largest asset manager in the world, with about $11 trillion in assets under management, and the owner of iShares ETF. BlackRock owns almost 192.8 million shares of JPMorgan Chase, which is about 6.7% of outstanding shares. Its iShares Core S&P 500 ETF (IVV -0.32%) owns almost 33.6 million of those shares.
- State Street Corp. (STT -1.31%): Boston-based financial services giant State Street Corp. has more than $5.12 trillion in assets under management, making it the largest custodial bank in the world. In 1993, it launched the SPDR S&P 500 ETF (SPY -0.33%), the first S&P 500 ETF. State Street's stake in JPMorgan Chase is just shy of 4.4%, with more than 125 million shares of the bank. The SPDR S&P 500 ETF owns about 34 million shares.
- Morgan Stanley (MS -1.68%): Morgan Stanley is an investment bank and global financial services company co-founded by J.P. Morgan's grandson, Henry Morgan, and Harold Stanley in 1935. It acquired E*TRADE from Morgan Stanley, one of the largest online brokerages, for $13 billion in 2020. Morgan Stanley owns about 66.9 million JPMorgan Chase shares.
- Geode Capital Management: Initially founded by Fidelity in 2001, Geode became a separate entity in 2003. It now manages Fidelity's stock index funds as a sub-advisor. Geode owns more than 1.9% of JPMorgan Chase's common stock, with more than 61 million shares.
Who is on the board of directors for JPMorgan Chase?
Name | Title | Member Since |
|---|---|---|
Jamie Dimon | CEO of JPMorganChase | 2007 |
Linda Bammann | Former Deput Head of Risk Management at JPMorgan Chase | 2013 |
Stephen Burke | Senior Advisor of Comcast Corporation | 2004 |
Todd Combs | Investment Officer at Berkshire Hathaway Inc | 2016 |
Alicia Davis | President of Ford Pro | 2023 |
Michele Buck | Special Advisor to The Hershey Company | 2025 |
Alex Gorsky | Former Chairman and Chief Executive Officer roles at Johnson & Johnson | 2022 |
Mellody Hobson | Co-CEO of Ariel Investments, LLC | 2018 |
Phebe Novakovic | Chairman and Chief Executive Officer of General Dynamics | 2020 |
Virginia Rometty | Former President and Chief Executive Officer roles IBM | 2020 |
Mark Weinberger | Former Global Chairman and Chief Executive Officer at Ernst & Young LLP | 2024 |
Brad Smith | President of Marshall University | 2025 |
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How to invest in JPMorgan Chase
It's easy to invest money in JPMorgan Chase or any other publicly traded company if you have a brokerage account. To hold shares in JPMorgan Chase, just follow these steps:
- Open your brokerage account: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
But before you invest, make sure you understand the fundamentals of investing in banking stocks. Bank stocks are somewhat less risky now compared to a couple of decades ago due to increased regulation and required stress testing that assesses how banks will fare in adverse conditions. However, bank stocks aren't a good option if you're looking for a recession-resistant investment, as declining consumer spending and increased defaults typically hurt bank profits during a downturn.
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