J.P. Morgan Chase & Co

Industry: Money Center Banks

Fortune Rank: 9

For the nine months ended 30 September 2005, JPMorgan Chase & Co.'s interest income rose 59% to $33.02B. Net interest income after LLP rose 28% to $12.82B. Net income applicable to Common rose from $2.76B to $5.77B. Net interest income reflects higher earning asset balances due to the Bank One merger and higher yields on earning assets, partially offset by lower net interest spreads. Net income also reflects an increase in non-interest revenue.

JPMorgan Chase & Co. (JPMorgan Chase), formerly J.P. Morgan Chase & Co., incorporated in 1968, is a global financial services firm with operations in more than 50 countries. JPMorgan Chase's principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank), a national banking association with branches in 17 states, and Chase Bank USA, National Association (Chase USA), a national association that is the Firm's credit card-issuing bank. JPMorgan Chase's principal non-banking subsidiary is J.P. Morgan Securities Inc. (JPMSI), its United States investment banking firm. The Company's wholesale businesses are comprised of four segments: Investment bank, Treasury and securities services, Commercial banking and Asset and wealth management. The Company's consumer businesses are comprised of Retail financial services and Card services.

J.P. Morgan Chase & Co

J.P. Morgan Chase & Co is a Fortune 500 company. In 2010 J.P. Morgan Chase & Co was ranked number 9 on the Fortune 500 list, making it the 9th largest company in the United States when judged by revenue.

J.P. Morgan Chase & Co achieved revenue of $115,632.00 million in 2010 and earned a profit of $11,728.00 million.

J.P. Morgan Chase & Co' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 9th compared to 16th in 2009. This was based on its 2009 revenue of $101,491 million (a change of 14 million compared to 2010) and profits of $5,605 million (a change of $6 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then J.P. Morgan Chase & Co would be ranked 11th rather than 9th due to its profits of $11,728 in 2010.

J.P. Morgan Chase & Co Revenue* Profit* Fortune Ranking

* US$ Million

USPages Latest Business News At A Glance Business Shortcuts