Honeywell vs JPMorgan Chase: Founders, CEOs and History

Company facts

Founders

CEOs and their tenures

Timeline: Honeywell 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. 1885Honeywell

   Albert Butz Patents the Damper Flapper Thermostat

   Albert Butz files his first automatic temperature-control patent and forms the Butz Thermo-Electric Regulator Company, creating the thermostat as a mass-market product for home furnaces.

4. 1906Honeywell

   Honeywell Heating Specialty Company Founded

   Mark C. Honeywell founds a heating-equipment business in Wabash, Indiana, that will later merge into the Honeywell name.

5. 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.

6. 1927Honeywell

   Minneapolis-Honeywell Regulator Company Formed

   Mark Honeywell's heating business merges with the Electric Heat Regulator Company -- the descendant of Butz's original thermostat patents -- forming the direct ancestor of modern Honeywell, with W.R. Sweatt as chairman and Honeywell as president.

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. 1999Honeywell

   AlliedSignal and Honeywell Combine

   AlliedSignal acquires Honeywell in a roughly $15 billion stock deal and keeps the Honeywell name for the combined aerospace, materials, and controls conglomerate.

9. 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.

10. 2004JPMorgan Chase

    Bank One Merger

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

11. 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.

12. 2008JPMorgan Chase

    Bear Stearns Acquired

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

13. 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.

14. 2018Honeywell

    Honeywell Forge Launched

    then-CEO Darius Adamczyk launches Honeywell Connected Enterprise, which becomes Honeywell Forge, a cloud-based industrial IoT platform positioned as the company's top strategic priority for shifting toward recurring software revenue.

15. 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.

16. 2025Honeywell

    Three-Way Breakup Announced

    CEO Vimal Kapur announces a plan to split Honeywell into three independent public companies -- Aerospace, Solstice Advanced Materials, and automation-focused Honeywell Technologies -- following pressure from activist investor Elliott Management.

17. 2025Honeywell

    Advanced Materials Separated as Solstice

    Honeywell completes the spin-off of its Advanced Materials business as the independent, Nasdaq-listed Solstice Advanced Materials on October 30, 2025.

18. 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.

19. 2026Honeywell

    Honeywell Aerospace Spin-Off Completed

    Honeywell completes the Aerospace spin-off in June 2026, and the parent begins operating as the pure-play automation company Honeywell Technologies.

20. 2026Honeywell

    Quantinuum IPO

    Quantinuum lists on Nasdaq as QNT, raising $1.68 billion at $60 per share; Honeywell deconsolidates it in Q2 2026.

21. 2026Honeywell

    Warehouse and PSS Businesses Sold

    Honeywell Technologies sells Warehouse and Workflow Solutions (Intelligrated) to American Industrial Partners in July and PSS to Brady for $1.4 billion in August 2026.

22. 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.

23. 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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