JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. In addition to being the largest bank in the United States, JPMorgan is the world's second most valuable bank by market capitalization.
As a "Bulge Bracket" bank, it is a major provider of various investment banking and financial services. It is one of America's Big Four banks, along with Bank of America, Wells Fargo, and Citigroup. JPMorgan is considered to be a universal bank and a custodian bank. The J.P. Morgan brand, historically known as Morgan, is used by the investment banking, asset management, private banking, private wealth management, and treasury & securities services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. Both the retail and commercial bank and the bank's corporate headquarters are located at 270 Park Avenue in Midtown Manhattan, New York City. The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.
As of 2017-18, the bank is one of the largest asset management companies in the world with US$2.789 trillion in assets under management. The hedge fund unit of JPMorgan is the second largest hedge fund in the United States