JPMorgan Chase vs Nike: Founders, CEOs and History

Company facts

Founders

CEOs and their tenures

Timeline: JPMorgan Chase and Nike 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. 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.

5. 1964Nike

   Blue Ribbon Sports Starts

   Phil Knight and Bill Bowerman formed Blue Ribbon Sports in 1964, before Nike existed as a brand. The origin mattered because the business began with running shoes, track athletes, and Bowerman's habit of testing product ideas against real training needs.

6. 1971Nike

   Nike Name and Swoosh

   Blue Ribbon Sports moved toward its own identity in 1971 as the Nike name and Carolyn Davidson's Swoosh entered the business.

7. 1978Nike

   Tailwind Introduces Air to Running

   The Tailwind introduced Air cushioning to running in 1978, according to Nike's own Pegasus history.

8. 1980Nike

   Nike Goes Public

   Nike went public in 1980, giving the company access to public capital as it expanded marketing, product development, and global distribution. The IPO marked the transition from founder-led growth company to a larger public sportswear business.

9. 1984Nike

   Michael Jordan Deal Changes Basketball

   Nike signed Michael Jordan in 1984, then built Air Jordan into a signature product line rather than a standard endorsement. The deal changed how athlete relationships could become long-running product franchises.

10. 1988Nike

    Just Do It Launches

    Nike launched Just Do It in 1988, turning a campaign line into a broad call to action across sport and everyday effort.

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. 2003Nike

    Converse Acquisition

    Nike acquired Converse in 2003, adding a lifestyle footwear brand with a different cultural meaning from the performance-led Swoosh. The 2004 10-K listed the cash purchase price, including acquisition costs, at about $310 million.

13. 2004JPMorgan Chase

    Bank One Merger

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

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. 2008JPMorgan Chase

    Bear Stearns Acquired

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

16. 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.

17. 2017Nike

    Consumer Direct Offense

    Nike announced the Consumer Direct Offense in 2017 to serve consumers faster and more personally through digital, owned retail, speed, and focused markets.

18. 2020Nike

    John Donahoe Becomes CEO

    John Donahoe succeeded Mark Parker as Nike chief executive in January 2020.

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. 2024Nike

    Elliott Hill Returns as CEO

    Nike announced in September 2024 that Elliott Hill would return as president and CEO effective October 14, 2024. Hill had spent more than three decades at the company before retiring in 2020.

21. 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.

22. 2025Nike

    FY2025 Revenue Falls to $46.3B

    In FY2025, Nike revenue fell 10% to $46.3 billion, net income fell to $3.2 billion, and gross margin declined to 42.7%. Nike Direct revenue was $18.8 billion and wholesale revenue was $25.9 billion.

23. 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.

24. 2026JPMorgan Chase

    Co-Presidents Named

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

25. 2026Nike

    FY2026 Revenue Reaches $46.398B

    Nike reports FY2026 revenue of $46.398B, net income of $3.108B, wholesale revenue of $27.5B, and NIKE Direct revenue of $17.7B.

Acquisitions

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