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Global financial services and investment banking
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Chicago, IL, USA
JPMorgan Chase & Co. provides a wide range of financial services to individuals, businesses, and governments across more than 100 markets worldwide. Its offerings include investment banking, asset management, financial transaction processing, and consumer banking services such as personal banking, mortgages, and credit cards. The company utilizes its extensive expertise and proprietary data to deliver high-quality financial products and services, generating revenue through interest income, service fees, and trading commissions. What sets JPMorgan Chase apart from its competitors is its commitment to integrity, service, and community development, including initiatives to support veterans and strengthen local economies. The company's goal is to provide valuable financial solutions while also contributing positively to society through its various community-focused programs and the insights offered by the JPMorgan Chase Institute.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1959
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Health Insurance
Flexible Work Hours
Paid Sick Leave
Paid Holidays
JPMorgan Chase CEO Jamie Dimon said Monday (May 19) that the markets have not accounted for the risks of inflation, stagflation, credit spreads, tariffs and other challenges. Dimon said at the bank’s investor day that the chances of inflation and stagflation are greater than people think; credit spreads haven’t accounted for a potential downturn; the impact of tariffs is difficult to predict; and geopolitical risks are high, Bloomberg reported Monday. The report said markets have recovered from declines seen when the Trump administration announced tariff policies and when Moody’s Ratings downgraded the country’s credit rating from its top level
JPMorgan Chase CEO Jamie Dimon said Monday (May 19) that the bank now offers its clients access to bitcoin.Dimon announced this at the bank’s annual investor day, while reiterating his own skepticism about digital currency, CNBC reported Monday.“We are going to allow you to buy it,” Dimon said, per the report. “We’re not going to custody it. We’re going to put it in statements for clients.”Dimon added that he remains concerned about issues around bitcoin, such as money laundering, lack of clarity in terms of ownership and use in illicit activities, according to the report.“I don’t think you should smoke, but I defend your right to smoke,” Dimon said, per the report. “I defend your right to buy bitcoin.”It was reported in December 2023 that Dimon had been a vocal critic of cryptocurrencies for some time and that he told a Senate Banking Committee hearing that if he had the power, he would shut down the entire industry.While he criticized cryptocurrencies, he had different views on blockchain technology, and JPMorgan actively embraced that technology for various projects, including the development of its proprietary stablecoin, JPM Coin.The Federal Deposit Insurance Corp. (FDIC) provided new guidance March 28 saying that FDIC-supervised institutions can engage in crypto-related activities without receiving prior FDIC approval, provided they adequately manage the associated risks.Previously, under guidance that the FDIC rescinded, the agency required prior notification of crypto-related activities.“With today’s action, the FDIC is turning the page on the flawed approach of the past three years,” FDIC Acting Chairman Travis Hill said at the time in a press release. “I expect this to be one of several steps the FDIC will take to lay out a new approach for how banks can engage in crypto- and blockchain-related activities in accordance with safety and soundness standards.”Institutional adoption of digital assets like cryptocurrencies and tokenized securities is seen as inevitable, although risk remains an obstacle, PYMNTS reported May 13.The new wave of adoption is being led by highly regulated institutions, which are grappling with the core question of risk across the blockchain
JPMorgan CEO Jamie Dimon said the Wall Street lender plans to offer Bitcoin (BTC) to its customers in a stark shift from his historical stance toward the digital asset.During JPMorgan’s Investor Day, Dimon reiterated that he is “not a fan” of Bitcoin, but acknowledged that clients will continue to demand access to it. He said:“I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin.”He also clarified that the bank does not plan on offering custody services.Dimon maintains skepticismDimon’s criticism of crypto is consistent with past remarks. In a January interview, he called Bitcoin “worthless.” He tied it to criminal activity, repeating concerns raised in his 2023 Senate testimony, in which he advocated for shutting down the industry altogether. At the 2024 World Economic Forum in Davos, he referred to Bitcoin as a “pet rock,” while in April of the same year, Dimon called crypto a “Ponzi Scheme.”In his May 19 remarks, he also stated that “blockchain doesn’t matter as much” as people think. However, JPMorgan has continued to build infrastructure around blockchain technology for institutional use.Earlier this month, Kinexys completed a test transaction that bridged its private network to a public layer-1 blockchain, using tokenized short-term Treasury assets and real-time settlement protocols. Chainlink and Ondo Finance participated in this pilot.Additionally, Kinexys processes over $2 billion in transactions daily and plans to scale up dollar-euro settlements using JPM Coin, JPMorgan’s proprietary token.JPMorgan increases crypto exposureAmid the remarks on Bitcoin offering, JPMorgan’s 13F filing with the US Securities and Exchange Commission (SEC) for the first quarter of 2025 showed a dramatic increase in crypto exposure through exchange-traded funds (ETFs).As of March 31, the firm reported $16.3 million in crypto-related holdings, up from $1 million at the end of 2024. The lender’s crypto exposure is primarily via Bitcoin and Ethereum-linked instruments.As of March 31, JPMorgan held a little over 263,000 shares of BlackRock’s iShares Bitcoin Trust (IBIT) and around 3000 shares of Bitwise’s spot Bitcoin ETF (BITB).The lender also held shares of Grayscale’s Bitcoin Trust (GBTC) and Mini Trust ETFs, Fidelity’s Wise Origin Bitcoin Fund (FBTC), and new allocations to Bitwise and Franklin Templeton Ethereum products.The firm’s crypto-related holdings are just a tiny fraction of its $4.4 trillion in assets under management at the end of the first quarter.It’s unclear how much of the portfolio reflects proprietary positioning versus facilitation of client demand. The bank has previously clarified that holding some ETF allocations could be a part of its market-making services.Mentioned in this articlePosted In: Bitcoin, Ethereum, BlackRock, Grayscale, US, Adoption, Banking, Crypto, ETF, Featured, TradFi
America’s biggest bank says businesses and consumers are resilient in the face of uncertainty. As such, JPMorgan Chase is projecting that it could earn more from interest payments this year, according to a Reuters report Monday (May 19) from the bank’s annual presentation to investors and analysts. Jeremy Barnum, the bank’s chief financial officer, told investors that JPMorgan’s net interest income — the difference between what it pays on deposits and makes from interest payments — could increase by $1 billion this year. However, he said it was too soon to adjust the full-year NII projection of $94.5 billion
An extended alliance between the Cleveland-based RIA and GLASfunds is set to deliver expanded private market access and back-office simplification for advisors