JPMorgan Chase - statistics & facts

The New York-based multinational investment bank and financial services holding company, JPMorgan Chase is built on the foundation of more than 1,200 predecessor institutions. The firm’s oldest predecessor is the Manhattan Company, which was established in 1799. The American banking giant’s current structure is the result of the combination of several large U.S. banking companies since 1996, including Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns, and Washington Mutual. Today, JPMorgan Chase is not only one of the largest banks in the United States from multiple aspects, but also one of the leading financial institutions worldwide. In 2022, its market capitalization reached a value of around 393 billion U.S. dollars, making it the largest bank in the world. It had more than 4,800 branches in the U.S., and in total, its number of employees exceeded 270,000.

Which are JPMorgan Chase's main competitors?

There are four major banks in the United States, which are often referred to as the „big four”. These include JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Among these four banks, JPMorgan Chase ranked first in terms of market capitalization in 2021. It also led the U.S. banking industry in terms of total assets, and domestic deposits. Globally, however, there were four banks in 2021 that outranked JPMorgan Chase in terms of total assets. Despite this, it is unlikely that James Dimon, CEO of JPMorgan Chase, was unhappy with the bank’s performance, as it ranked first in terms of market capitalization.

Diversity at JPMorgan Chase

Gender diversity is one of the very few areas where JPMorgan Chase is not an industry leader. In 2021, it ranked seventh among the largest U.S. banks in terms of the share of female employees in the total workforce. The share of female board directors was 36.4 percent, making it the sixth most diverse board of directors among the leading U.S. banks. On the other hand, the bank did much better in terms of racial diversity: It had the highest share of racial minorities in the total workforce, and it was also among the top five most racially diverse banks in terms of executive and senior level employees.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Feb 29, 2024

Key insights

Largest U.S. bank by total assets
JPMorgan Chase
Fifth largest bank worldwide by total assets
JPMorgan Chase
Market capitalization of JPMorgan Chase
393.48bn USD
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