JPMorgan Chase Revenue, Net Worth, Marketcap, Competitors 2026

JPMorgan Chase & Co. is the largest bank in the United States and the world’s largest bank by market capitalization. Headquartered in New York City, the company provides financial services across investment banking, commercial banking, consumer banking, and asset management to clients worldwide.

The firm operates through three main segments: Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management. JPMorgan Chase serves millions of consumers, small businesses, corporations, governments, and institutions across more than 100 markets globally. The company traces its origins to 1799 and has grown through strategic mergers involving some of America’s most storied financial institutions.

JPMorgan Chase History

JPMorgan Chase Co-founders

JPMorgan Chase traces its heritage to more than 1,200 predecessor institutions. The key founders of its earliest predecessor companies shaped American banking.

JPMorgan Chase Revenue

JPMorgan Chase generated net revenue of $169.42 billion in 2024. The company has delivered consistent revenue growth through its diversified business model spanning consumer banking, investment banking, commercial banking, and asset management.

Consumer & Community Banking remains the largest revenue contributor, generating over $71 billion annually through retail deposits, credit cards, mortgages, and auto loans.

JPMorgan Chase Market Cap

JPMorgan Chase has a market capitalization of approximately $877 billion as of February 2026. This makes it the world’s 14th most valuable company and the largest bank globally by market cap.

The stock has delivered compound annual growth of over 14% in market capitalization over the past decade, outperforming many banking peers.

JPMorgan Chase Acquisitions

JPMorgan Chase’s growth story is defined by strategic acquisitions spanning more than two centuries. The modern company emerged from the 2000 merger of Chase Manhattan and J.P. Morgan & Co., but its foundation rests on hundreds of predecessor institutions.

The 1996 merger between Chemical Banking Corporation and Chase Manhattan created the largest U.S. bank holding company at that time. Chemical had previously absorbed Manufacturers Hanover in 1991, adding significant commercial banking capabilities. When Chase Manhattan then merged with J.P. Morgan & Co. in December 2000, it united the legacies of four major New York City banks.

In 2004, JPMorgan Chase acquired Bank One Corporation in a $58 billion transaction. Bank One brought strong consumer banking operations, credit card businesses, and extensive Midwest presence through its previous mergers with First Chicago NBD. The deal made Jamie Dimon, Bank One’s CEO, president of the combined company before he became CEO in 2005.

The 2008 financial crisis presented both challenges and opportunities. In March, JPMorgan Chase acquired Bear Stearns for approximately $1.4 billion, with the Federal Reserve providing $30 billion in support. Bear Stearns brought prime brokerage and commodities trading capabilities. Six months later, the company purchased the banking operations of Washington Mutual from FDIC receivership for $1.9 billion following the largest bank failure in American history. This acquisition expanded Chase’s branch network to reach 42% of the U.S. population.

More recently, JPMorgan Chase acquired First Republic Bank in May 2023 for $10.6 billion after regulators seized the troubled institution. The transaction added substantial private banking and wealth management assets, along with clients in major metropolitan markets. Similar to firms like Wells Fargo and Citigroup, JPMorgan has built scale through consolidation during periods of financial stress.

JPMorgan Chase Competitors

JPMorgan Chase competes with major financial institutions across consumer banking, investment banking, commercial banking, and asset management. The company holds leading market positions in most segments but faces competition from both traditional banks and emerging fintech companies.

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