J.P. Morgan & Co.
U.S. commercial and investment banking company / From Wikipedia, the free encyclopedia
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"House of Morgan" redirects here. For the building, see 23 Wall Street. For the Welsh dynasty descended from Morgan Hen, see kings of Morgannwg.
J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the world. The company has been historically referred to as the "House of Morgan" or simply Morgan.[1][2]
Quick Facts Company type, Industry ...
Company type | Subsidiary |
---|---|
Industry | Investment banking Asset management Private banking |
Founded | 1871; 153 years ago (1871) |
Founder | J. P. Morgan Anthony Drexel |
Headquarters | New York City, U.S. |
Number of employees | 26,314 (2010) |
Parent | JPMorgan Chase |
Website | www |
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For 146 years, until 2000, J.P. Morgan specialized in commercial banking, before a merger with Chase Manhattan Bank led to the business line spinning off under the Chase brand.[3][4]