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World's top 10 companies

4. JPMorgan Chase

July 31, 2008

"Our expectation is for the economic environment to continue to be weak – in spite of the environment, we are confident that we are building an increasingly strong and profitable company." James Dimon

JPMorgan Chase is a leading global financial services firm with assets of $1.8 trillion. With an employee strength of 1,80,000, the company operates in more than 60 countries.

It is a leading player in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. JPMorgan Chase reported sales to the tune of $116.35 billion and profits stood at $15.37 billion in 2007. Jamie Dimon is the CEO of JPMorgan Chase.

History

JPMorgan Chase & Co., was founded in New York in 1799. The firm is built on the foundation of nearly 1,000 institutions that have come together over the years to form today’s company. JPMorgan Chase traces its beginnings to the Bank of The Manhattan Company, which was founded by Aaron Burr in 1799 and became one of the leading banking institutions in the nation.

In the 1800s, many new banks were formed across America. JPMorgan Chase has links to many of these early institutions, including the Western Reserve Bank, one of the first banks in Ohio and a predecessor of Bank One, which merged with JPMorgan Chase in 2004.

Image: James Dimon, CEO and Chairman of the Board of JPMorgan Chase & Co. | Photograph: Mark Wilson/Getty Images

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