Foundation of The Manhattan Company
The Manhattan Company was founded by Aaron Burr in 1799, which later evolved into JPMorgan Chase & Co.
1799
1871
Formation of Drexel, Morgan & Co.
J. Pierpont Morgan partnered with Anthony Drexel to form Drexel, Morgan & Co., a precursor to JP Morgan.
1895
Establishment of J.P. Morgan & Co.
J. Pierpont Morgan reorganized the firm as J.P. Morgan & Co., solidifying his influence in American finance.
1901
Formation of U.S. Steel Corporation
JP Morgan played a pivotal role in the creation of U.S. Steel Corporation, the world's first billion-dollar corporation.
1913
Federal Reserve Act
JP Morgan influenced the establishment of the Federal Reserve System, the central banking system of the United States.
1930
Formation of Morgan Stanley
JP Morgan partners Henry S. Morgan and Harold Stanley founded Morgan Stanley to comply with the Glass-Steagall Act's separation of commercial and investment banking.
1959
Merger with Chase National Bank
JP Morgan merged with Chase National Bank to form Chase Manhattan Bank, a significant milestone in its history.
1989
Acquisition of Manufacturers Hanover Corporation
JP Morgan acquired Manufacturers Hanover Corporation, further expanding its banking operations.
2000
Merger with J.P. Morgan & Co.
Chase Manhattan Corporation merged with J.P. Morgan & Co., creating JPMorgan Chase & Co., a global financial powerhouse.
2004
Acquisition of Bank One Corporation
JP Morgan acquired Bank One Corporation, significantly enhancing its retail banking presence in the United States.
2008
Acquisition of Bear Stearns
During the financial crisis, JP Morgan acquired Bear Stearns, strengthening its investment banking division.
2008
Acquisition of Washington Mutual
JP Morgan acquired the assets of Washington Mutual, expanding its retail banking operations during the financial crisis.
2012
London Whale Incident
JP Morgan faced significant trading losses due to the London Whale incident, resulting in increased regulatory scrutiny.
2013
Record Settlement with the U.S. Government
JP Morgan agreed to a $13 billion settlement with the U.S. government over mortgage-backed securities practices.
2020
COVID-19 Pandemic Response
JP Morgan played a crucial role in supporting businesses and the economy during the COVID-19 pandemic through various financial measures.
2023
Sustainability Initiatives
JP Morgan announced significant sustainability initiatives aimed at reducing its carbon footprint and promoting green finance.
