JPMorgan Chase & Co. is the largest bank in the United States, the world's third largest bank by total assets, with total assets of US$2.5 trillion, and the world's second most valuable bank by market capitalization, after ICBC. It is a major provider of financial services, and according to Forbesmagazine is the world's sixth largest public company based upon a composite ranking. The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States. The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.
The J.P. Morgan brand, historically known as Morgan, is used by the investment banking, asset management, private banking, private wealth management, and treasury & securities services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee.
The Chase brand is used for credit cardservices in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. Both the retail and commercial bank and the bank's corporate headquarters are located at 270 Park Avenue in Midtown Manhattan, New York City.
JPMorgan Chase & Co. is considered to be a universal bank and a custodian bank. As of 2016, JPMorgan Chase is one of the Big Four banks of the United States, followed by Bank of America, Citigroup, and Wells Fargo.