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Jp Morgan Chase History

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While America expanded in the 1800s, new financial institutions were established across the nation. JP Morgan Chase & Co. have been in the financial business since 1799. JP Morgan Chase is one of the largest, oldest and most well-known banking institutions. JP Morgan Chase was founded in New York by the founder myself, JP Morgan. The bank is incorporated with two of the world’s foremost economic brands: JP Morgan and Chase.
The firm is a leader in investment banking; financial services for consumers, small business and commercial banking; financial transaction processing; asset management; and private equity. A component of the Dow Jones Industrial Average, JP Morgan Chase & Co. serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients. …show more content…

The first banks centered their main ideas of development in the nation’s financial and industrial growth by lending money, safeguarding deposits and issuing bank notes that were used is currency. JP Morgan Chase & Co. today is active in over 50 countries. JP Morgan, according to Forbes is ranked number six for the world’s biggest public companies, number sixty-four in sales, number eleven in profit, number 5 in assets and number eighteen in market value.
JP Morgan Chase & Co. made its first big debut in 1879 when they sold New York Central Railroad stock. This deal involved the largest block of stock ever offered to this time. After the purchase of the New York Central Railroad stock, JP Morgan’s firm was conjointly corresponding with any relations with the railroading business. This had made JP Morgan Chase & Co. stand out from the rest of the banking institutions, for the

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