Goldman Sachs vs JPMorgan Chase: Founders, CEOs and History

Company facts

Founders

CEOs and their tenures

Timeline: Goldman Sachs 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. 1869Goldman Sachs

   Marcus Goldman Founds the Firm

   Marcus Goldman founded the firm in New York in 1869 as a commercial paper business. The early operation helped merchants turn short-term receivables into cash by selling notes to investors.

3. 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.

4. 1882Goldman Sachs

   Samuel Sachs Joins the Partnership

   Samuel Sachs joined the business in 1882, bringing family continuity, capital, and broader relationships. His arrival helped transform Marcus Goldman's one-man brokerage into a more durable partnership.

5. 1896Goldman Sachs

   New York Stock Exchange Membership

   Goldman Sachs joined the New York Stock Exchange in 1896. Membership gave the firm legitimacy inside organized securities markets and helped it move beyond commercial paper. It mattered because corporate finance was shifting toward public securities issuance.

6. 1906Goldman Sachs

   Sears IPO Establishes Investment Banking Franchise

   Goldman Sachs helped underwrite the Sears, Roebuck and Co. IPO in 1906. The transaction showed that the firm could handle important corporate securities offerings, not only short-term merchant finance.

7. 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.

8. 1929Goldman Sachs

   Crash and Reputation Damage

   The 1929 market crash badly damaged Goldman through the Goldman Sachs Trading Corporation episode and the collapse in valuation support.

9. 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.

10. 1999Goldman Sachs

    Goldman Sachs Goes Public

    Goldman Sachs completed its initial public offering in 1999 under Henry Paulson's leadership. Going public gave the firm permanent capital and acquisition currency, but it also changed the partnership culture by adding public shareholders.

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. 2006Goldman Sachs

    Lloyd Blankfein Becomes CEO

    Lloyd Blankfein became CEO in 2006, just before the financial crisis changed Wall Street. His markets background shaped Goldman during a period when trading, risk management, liquidity, and counterparty confidence were decisive.

14. 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.

15. 2008Goldman Sachs

    Goldman Becomes a Bank Holding Company

    In 2008, Goldman converted from a standalone investment bank into a bank holding company. The move gave it access to Federal Reserve liquidity and signaled a willingness to accept stricter oversight to protect the franchise.

16. 2008JPMorgan Chase

    Bear Stearns Acquired

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

17. 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.

18. 2010Goldman Sachs

    Abacus Settlement

    Goldman settled the SEC's Abacus mortgage securities case in 2010 for $550 million. The case centered on disclosure and conflicts in a mortgage-linked product during the subprime crisis.

19. 2016Goldman Sachs

    Marcus Digital Bank Launches

    Goldman launched Marcus in 2016 to enter digital consumer banking with online savings and personal loans. The launch mattered because it was a major attempt to diversify beyond institutional clients and trading cycles.

20. 2018Goldman Sachs

    David Solomon Becomes CEO

    David Solomon became CEO in 2018 and inherited both a powerful institutional franchise and a growing consumer-banking experiment. He pushed for a more diversified revenue base through asset management, wealth, transaction banking, and platform businesses.

21. 2019Goldman Sachs

    United Capital Financial Partners Acquisition

    Goldman's 2019 United Capital Financial Partners acquisition added a registered investment adviser with $25 billion of assets under management, more than 220 financial advisers and about 22,000 clients.

22. 2022Goldman Sachs

    NN Investment Partners Acquisition

    Goldman completed the acquisition of NN Investment Partners in 2022 for approximately $1.92 billion (EUR 1.7 billion). The deal expanded Goldman's asset-management footprint in Europe and added capabilities in public markets and sustainable investing.

23. 2023Goldman Sachs

    $46.3B Revenue

    In FY2023, Goldman reported $46.3 billion in net revenues after the capital-markets boom of 2021 faded. The result mattered because it exposed the pressure from weak investment banking activity and losses tied to consumer initiatives.

24. 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.

25. 2024Goldman Sachs

    $53.5B Revenue

    In FY2024, Goldman reported $53.5 billion in net revenues, showing recovery from the prior year's weaker environment. The result mattered because investment banking activity and markets performance improved while management continued simplifying the firm.

26. 2025Goldman Sachs

    $58.3B Revenue

    In FY2025, Goldman reported $58.3 billion in net revenues and $17.2 billion in net earnings. The result mattered because it showed stronger returns after the consumer banking retreat and a healthier capital markets backdrop.

27. 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.

28. 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.

29. 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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