JPMorgan Chase & Co. is a global financial services firm and the largest US bank by assets. In FY2025, the firm reported total net revenue of $182.447 billion under U.S. GAAP and net income of $57.048 billion. JPMorgan Chase had $4.425 trillion in assets and 318,512 employees as of December 31, 2025. Jamie Dimon is chairman and CEO.
JPMorgan Chase: Key Facts
- Traces its oldest banking lineage to the Manhattan Company chartered in 1799.
- Headquartered in New York, New York.
- Reported FY2025 total net revenue of $182.447 billion.
- Reported FY2025 net income of $57.048 billion.
- Had 318,512 employees globally.
- Operates Consumer & Community Banking, Commercial & Investment Bank, Asset & Wealth Management, and Corporate activities.
How JPMorgan Makes Money
JPMorgan earns net interest income and fees across consumer banking, credit cards, deposits, investment banking, markets, commercial banking, payments, asset management, and private banking. On a managed basis, Commercial & Investment Bank generated $78.454 billion in FY2025 revenue, Consumer & Community Banking generated $76.029 billion, and Asset & Wealth Management generated $24.073 billion.
Why JPMorgan Matters
JPMorgan matters because it combines consumer deposits, institutional banking, trading, payments, credit, and wealth management at extraordinary scale. That diversification gives the firm multiple earnings engines when one part of the financial cycle slows.
Competitive Position
JPMorgan competes with Bank of America, Wells Fargo, Citigroup, Goldman Sachs, Morgan Stanley, fintechs, and global universal banks. Its advantage is risk management, scale, deposits, brand trust, and technology investment. Its biggest risk is a severe credit or regulatory cycle, or a leadership transition that weakens execution.
