Essay about J.P. Morgan Chase

Jamie Dimon is the CEO of JP Morgan Chase and has been for the last 17 years. Jamie leadership has cultivated JP Morgan to become one of the world’s most well-known, and trusted bank. – The expectation Jamie lays out for his employees shows why the company continues to thrive in its industry and with all the vicissitudes that occur in the financial industry.

In conclusion, is J.P. Morgan a Captain of Industry or a Robber Baron? In my believe he is a bit of both, he saved the country twice from bankruptcy, and he greatly helped the country’s industry in many ways. He did all this, but he did it in a way in which he would greatly profit from, and some people said that he used shady methods to achieve his goals.

Charles Dabney and Morgan started their own company named Dabney, Morgan & Co. Morgan's business continued to grow as he intensively involves his company in more trade and commerce transactions. In 1871 Dabney retired and Anthony J. Drexel became Morgan's new senior partner. Drexel was already the head of the Philadelphia investment bank Drexel & and Company. The new company Drexel Morgan & Co. became one of the largest and most

JPMorgan Chase is one of the oldest financial services company dating back over 200 years. It has $2 trillion in assets and operations in more than 60 countries. JPMC’s corporate strategy is it provides services and products in major capital markets. JPMorgan Chase, well known nationally and globally, is leading in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.

Like any other “Robber Baron” during the late 1800’s, J.P. Morgan was no different. He controlled finance and industrial consolidation and was well-known for being a banker. Credited for being one of the few to shape the U.S., Morgan did have a lust of power and greed, but that doesn’t stop him from being America’s leading businessman. His impact goes as far as the present with the many companies he created.

     When people talk about J.P. Morgan, they often refer to one man. The J.P. Morgan dynasty was in fact a combined effort of three generations of Morgans. In 1838, American businessman George Peabody opened the London merchant banking firm that would establish the roots of the House of Morgan. In 1854, Junius S. Morgan became the partner of George Peabody and eventually took over the firm in 1864, renaming it J.S. Morgan & Co. At the age of twenty four, J. Pierpont Morgan inherited his father’s business, renamed the business to J.P. Morgan & Co., and made a point to consolidate the firm’s American and European interests. Under Pierpont’s authority, J.P. Morgan

John Piermont Morgan was most known as a financier, art collector and a philanthropist. He is probably the second most known robber baron besides Rockefeller. However, Morgan was worth an estimated 80 million dollars, or 1.2 billion dollars today, dwarfed by Rockefeller's $313 billion; but, "JP Morgan's power did not lie in the millions he had, it lay in the billions he controlled".

JP Morgan Chase is a leading player in the global financial services: JPMC has operations in over 100 countries and serves various customers, businesses, institutions and government clients. JP Morgan Chase has strong liquidity and capital. According to annual report 2016, the capital ratio has reached to over 15%, far more beyond the Basel

J P Morgan- He was rich because his dad worked with the London bank so he was sent to boarding school then put in firm in his father’s association. He became an investment banker in New York with his own firm. He wants to merge rival company He bought out Carnegie steel and Rockefeller oil after merging with them.

Chase Bank is a national bank and constitutes the consumer and commercial subsidiary of JP Morgan Chase. Chase Bank traces its origins to Manhattan Bank, created by Aaron Burr (The History of JP Morgan Chase & Co., 2008, p.2). Chase was the first tenant at the Rockefeller Center and was later on led by David Rockefeller in the 1960’s (Wilson, 1986, p.87). The famous Bank One became part of Chase in 2014, and the regrettable Washington Mutual, under receivership, was sold to Chase at a bargain during the crisis of 2008 (The History of JP Morgan Chase & Co., 2008, p.19).

"At JPMorgan Chase, we want to be the best financial services company in the world. Because of our great heritage and excellent platform, we believe this is within our reach."

Our paper today will be on Wells Fargo. Wells Fargo is an American bank that was created in 1852 by Henry Wells and James Fargo. It is the second largest bank in the USA in terms of market cap, operates in over 42 countries around the world, and has over 260,000 employees.

The Competitive Profile Matrix indicates that JPMorgan Chase has the highest weighted score of 2.81 which is an indication that they are leading in the Banking industry over Bank of America with a score of 2.65 and Wells Fargo in third place with a score of 2.51. None of the three banking institutions fell below the average of 2.5 which is considered a weak position. Some of the contributing factors are as follows: On Financial Strength in 2015 JP Morgan Chase had assets of 2.39 trillion dollars, and Bank of America’s assets was at 2.17 trillion dollars, while Wells Fargo trailed with assets of 1.44 trillion dollars. On Technology initiatives, in addition to the large amounts of resources assigned to banking technology, JP Morgan Chase has a technology budget of 500 million dollars for Cyber Security; Bank of America invested 400 million, while Wells Fargo spent 250 million on Cyber Security.

What Is Strategic Management a process for defining and addressing the management implications of an organization's strategic and operational plans? A long-term context for short-term activities. Strategic management is the analysis of the work done by the management of an organization on behalf of the owners. It gyrates around expressing the purposes of the organization and coming up with an appropriate mission and vision statement. Mission and vision statement together are used to help develop policies and plans to be used in long term and short term goals often categorized as projects or programs. It also involves the right resources of management to ensure that the business profit are maximized to grow the company. Strategic Competitiveness

The mission statement gives them credibility that if the client trusts the employees of Morgan Stanley, they will try even harder than what the clients will expect from them. This also shows that this company has good work ethics. The work ethics section of the web site states that “At Morgan Stanley, our vision is to be the world's first choice for achieving financial aspirations. Realizing this vision requires that we draw upon our strengths — connecting people, ideas, and capital — to help our clients meet their goals. Its success depends on fostering a culture where our five core values of integrity, excellence, respect for individuals and cultures, entrepreneurial spirit and teamwork are encouraged and rewarded” (http://www.morganstanley.com/about/inside/governance/msg_ethics.html?page=about). The workers will have to be proud of the company that they represent for and satisfied to work to their full potential to exceed their clients’ expectations