BMW vs JPMorgan Chase: Founders, CEOs and History

Company facts

Founders

CEOs and their tenures

Timeline: BMW and JPMorgan Chase side by side

1. 1799JPMorgan Chase

   Manhattan Company Chartered

   Aaron Burr and Alexander Hamilton led the effort to obtain a New York charter for the Manhattan Company.

2. 1871JPMorgan Chase

   Drexel, Morgan & Co. Formed

   J. Pierpont Morgan and Anthony Drexel formed Drexel, Morgan & Co. in New York. The partnership developed into J.P. Morgan & Co., creating the Morgan banking lineage that would remain separate from Chase until the companies combined in 2000.

3. 1907JPMorgan Chase

   Panic of 1907

   During the Panic of 1907, J. Pierpont Morgan organized bankers and other private participants to support strained financial institutions. The episode became a defining part of the Morgan firm's history in an era before the Federal Reserve existed.

4. 1916BMW

   Official Foundation Date

   BMW traces its official foundation date to 7 March 1916 through Bayerische Flugzeug-Werke AG. The origin matters because the business began in aircraft and engine manufacturing before it ever sold cars.

5. 1923BMW

   BMW R 32 Motorcycle Launch

   The R 32 gave BMW its first branded motorcycle and a recognizable engineering signature around the boxer engine and shaft drive. It turned aircraft-engine know-how into a consumer product after aviation restrictions changed the company's market.

6. 1928BMW

   Entry Into Automobiles Through Eisenach

   BMW became an automobile manufacturer by purchasing Fahrzeugfabrik Eisenach. The deal gave the company an existing carmaking base and moved it beyond engines and motorcycles into the larger passenger-car market.

7. 1955JPMorgan Chase

   Chase Manhattan Created

   The Bank of the Manhattan Company merged with Chase National Bank to form Chase Manhattan Bank. This combination joined the firm's oldest 1799 predecessor with the Chase name and created the institution that later merged with J.P. Morgan.

8. 1961BMW

   New Class Breakthrough

   The BMW 1500 New Class sedan filled a market gap and helped restore BMW as a successful modern carmaker. Its sporty sedan formula became a foundation for the later performance-premium identity.

9. 1994BMW

   Rover Group Acquisition

   BMW bought Rover Group to broaden its model range, but the integration did not meet expectations and most of Rover was sold in 2000. The episode mattered because it pushed BMW back toward disciplined premium positioning while MINI remained inside the group.

10. 1998BMW

    Rolls-Royce Motor Cars Rights Acquired

    BMW obtained the Rolls-Royce Motor Cars brand and naming rights in 1998 and took full responsibility for the marque from 2003. The deal expanded the group upward into ultra-luxury without forcing the BMW badge to carry that role.

11. 2000JPMorgan Chase

    Chase and J.P. Morgan Merge

    Chase Manhattan and J.P. Morgan & Co. completed their merger, combining commercial and consumer banking with investment banking and institutional services. JPMorgan Chase identifies this transaction as the formation of the modern company.

12. 2004JPMorgan Chase

    Bank One Merger

    JPMorgan Chase completed its $58.546 billion stock-for-stock merger with Bank One on July 1.

13. 2006JPMorgan Chase

    Jamie Dimon Becomes CEO

    Jamie Dimon succeeded William B. Harrison Jr. as chief executive on January 1. Dimon had joined JPMorgan Chase as president and chief operating officer when the Bank One merger closed and became chairman one year after becoming CEO.

14. 2008JPMorgan Chase

    Bear Stearns Acquired

    JPMorgan Chase completed its acquisition of Bear Stearns during the financial crisis.

15. 2008JPMorgan Chase

    Washington Mutual Operations Acquired

    After Washington Mutual Bank entered FDIC receivership, JPMorgan Chase paid $1.9 billion to acquire its banking operations, including assets, deposits, and qualified financial contracts under the transaction terms.

16. 2011BMW

    BMW i Sub-Brand Announced

    BMW announced the BMW i sub-brand with the i3 and i8 planned as its first models. The program gave the group an early platform for electric mobility, lightweight materials, and sustainability-focused manufacturing ideas.

17. 2019BMW

    Oliver Zipse Became Chairman

    Oliver Zipse became Chairman of the Board of Management on 16 August 2019 and served until 13 May 2026. His tenure was defined by the technology-open strategy, the Neue Klasse programme and flexible production across powertrains.

18. 2023BMW

    ~$176B (EUR 155.498B) Revenue Year

    BMW Group revenue reached ~$176B (EUR 155.498B) in 2023, the highest annual revenue in the recent report period shown here. That peak set a demanding comparison base for the weaker 2024 and 2025 revenue years.

19. 2023JPMorgan Chase

    First Republic Acquired from FDIC

    JPMorgan Chase acquired the substantial majority of First Republic Bank's assets and assumed deposits and certain liabilities from the FDIC.

20. 2025BMW

    FY2025 Revenue and Deliveries

    BMW Group reported ~$151B (EUR 133.453B) in revenue and 2,463,681 automotive deliveries in FY2025. The result showed stable unit scale but weaker revenue and margin conditions, especially as China, tariffs, currency, and EV costs affected the business.

21. 2025BMW

    Neue Klasse iX3 World Premiere

    The fully electric BMW iX3, the first Neue Klasse model, premiered at the IAA in Munich in September 2025. It is built in Debrecen, Hungary, and European customer deliveries began in March 2026.

22. 2025JPMorgan Chase

    FY2025 Net Revenue of $182.447B

    JPMorgan Chase reported U.S. GAAP total net revenue of $182.447 billion and net income of $57.048 billion. Its managed, fully taxable-equivalent segment presentation reported $185.581 billion of total net revenue across CCB, CIB, AWM, and Corporate.

23. 2026BMW

    Capital Market Day Reset Plan

    On 30 September 2026 BMW set a 3-5% automotive EBIT margin target for 2028 and 8-10% by the start of the next decade, alongside fewer variants, a first BMW ALPINA model in 2027 and a compact Neue Klasse EV for Europe in 2028.

24. 2026BMW

    Profit Warning on China Downturn

    On 16 June 2026 BMW cut its 2026 automotive EBIT margin guidance to 1-3% from 4-6%. Q2 automotive margin came in at 2.3% and China deliveries fell 30.2% in the quarter.

25. 2026BMW

    Milan Nedeljković Became CEO

    Milan Nedeljković succeeded Oliver Zipse as Chairman of the Board of Management on 14 May 2026, the day after the 106th Annual General Meeting, which also approved converting all preferred shares into ordinary shares.

26. 2026JPMorgan Chase

    Chase to Become Apple Card Issuer

    On January 7, 2026 Apple and Chase announced that Chase will replace Goldman Sachs as Apple Card issuer over about 24 months.

27. 2026JPMorgan Chase

    Co-Presidents Named

    Doug Petno and Troy Rohrbaugh were named co-presidents in June 2026, and Marianne Lake announced her retirement.

Acquisitions

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