General presentation of JP morgan
Let's now explore this business and its activities in order to improve your knowledge regarding its main sources of income and profits.
The JP Morgan Chase & Company group is an American company specializing in finance and, more precisely, one of the main banking groups in the United States. To better understand its activities, it is possible to divide them into several categories according to the share of turnover they generate and in this way:
- Retail banking activities represent the largest share of the group's revenues with 46.6% of turnover. They relate to the sale of conventional and specialized financial services with real estate loans, car loans and insurance, which are marketed through a network of 5,036 bank branches. The group also offers credit cards.
- The investment banking and market activities here represent 32.6% of the company's turnover with consultancy services in mergers-acquisitions and restructuring, capital increase, private equity, interventions on the equity, bond and derivative and stock market intermediation markets.
- Next come asset management activities with 12.7% of turnover and $ 1987 billion in assets under management at the end of 2018.
- Finally, the commercial banking activities generate 8.1% of the group's turnover.
The group's outstanding deposits currently stand at $ 1,470.70 billion in outstanding deposits and $ 984 billion in outstanding loans.
Geographically, the JP Morgan Chase group now generates 76.4% of its turnover in the United States, 14.8% in Africa, 6.5% in Asia-Pacific and 2.3% in Latin America and the Caribbean islands.
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