JPMorgan Chase is one of the largest banks in the world, managing $2.7 trillion in assets. It is also the largest bank in the U.S. and as such plays a significant role in the country’s economy as a nexus for investing, trading and banking. Take a look at Chase’s market performance to help you decide if you should invest in the biggest bank in America.
|Chase: Company Snapshot|
|Headquarters||New York City|
|CEO Jamie Dimon’s Total Compensation 2021||$84.4 million|
|How Much Is Chase Worth?|
|Share Price, 52-Week Range||$106.08-$172.96|
|2021 Revenue||$127.2 billion|
|2021 Profit||$48.3 billion|
|GOBankingRates’ Evaluation of Chase’s Net Worth||$550.44 billion|
Chase’s Market Cap: $332.2B
A company’s market cap represents the aggregate value of its outstanding shares of stock. You can determine how investors assess a company based on the dollar amount at which its shares are trading.
As of August 1, Chase’s share price is $114.21, giving the company a market capitalization of $332.2 billion. Chase’s market cap might reflect its strong consumer value as the country’s largest bank.
Chase trended steadily upward beginning in 2012, with only small dips until a steep decline during the pandemic. Chase stock experienced an especially large jump in value between January 2020 and January 2021, but it had lost about 22% by January 2022 and is currently down 31% year to date.
Chase’s Net Worth: $550.44B
Although market cap gives you a clear sense of what the market values a company at, it is subject to change from prospective and current investors’ activity, resulting in hour-by-hour changes. The GOBankingRates Evaluation of company net worth, however, is a calculation based on more concrete, measurable figures like assets and revenue. It’s a more conservative valuation, taking into account only full-year profits and revenue from the last three years and the company’s assets and debts.
Based on Chase’s revenue and profits from the last three years, its net worth is over $550 billion.
Chase Navigates Economic Uncertainty in 2022
Chase’s second-quarter 2022 earnings failed to meet analysts’ expectations as the company weathers the effects of the COVID-19 pandemic and ongoing economic uncertainty. Revenue grew 1% year over year, driven in by higher interest rates; however, analysts had predicted stronger growth. Profits dropped 28% compared to the second quarter of 2021.
One reason for the steep decline in profits last quarter is that Chase put $428 million into reserves to counter loan defaults amid a deteriorating economic outlook after having released $3 billion in reserves during the same quarter last year.
In addition, investment banking took a significant hit, with fees falling 54% compared to the 47% analysts had predicted, according to CNN Business. The precipitous decrease reflects the overall reluctance of Wall Street to make deals in the current volatile market.
JPMorgan Chase CEO Jamie Dimon noted two conflicting factors influencing the economy.
“The U.S. economy continues to grow and both the job market and consumer spending, and their ability to spend, remain healthy,” he said. “But geopolitical tension, high inflation, waning consumer confidence, the uncertainty about how high rates have to go and the never-before-seen quantitative tightening and their effects on global liquidity, combined with the war in Ukraine and its harmful effect on global energy and food prices are very likely to have negative consequences on the global economy sometime down the road.”
Chase offers its members products such as savings accounts, certificates of deposit, checking accounts, a variety of loans and credit cards. Customers with Chase credit cards can get competitive perks along with their credit line, such as cash rewards and promotional 0% APRs, depending on creditworthiness. Additionally, the bank offers investment products as well as business banking services.
The company’s range of products and services combined with its mobile banking and payment options — such as Chase QuickPay with Zelle and Chase Pay — demonstrate how the bank is keeping up with its top competitors in terms of its offerings.
It’s also exploring how it can be a fintech leader. In addition to its investment in fintech startups, JPMorgan Chase recently introduced its mobile app users to Chase Digital Assistant, an artificial intelligence-based tool that can answer account-related queries and respond to requests.
Chase’s CEO and Company Footprint
JPMorgan Chase CEO Jamie Dimon also sits on its board of directors. He graduated from Tufts University and received his master’s from Harvard Business School. Despite leading one of the largest banks in the world, he prioritizes JPMorgan “literally last,” according to a 2017 interview with CNBC’s “Squawk Alley,” while putting family and country at the top of his list.
Chase employs over 250,000 people and has a presence in over 100 markets, according to its website. Chase locations include more than 4,700 branches and 16,000 ATMs nationwide. The company has $2.7 trillion in assets under management.
Daria Uhlig contributed to the reporting for this article.
Data is accurate as of Aug. 2 2022, and subject to change.
Methodology: The GOBankingRates Evaluation assesses a company’s net worth based on the company’s total assets, total liabilities, and revenue and net income from the last three years. Base value is established by subtracting total liabilities from total assets from the company’s last full fiscal year. Income value is established by taking the average of the revenue from the last three full fiscal years, plus 10 times the average of the net profits from the last three full fiscal years, and then calculating the average of those two figures. The final GOBankingRates Evaluation number is the sum of the base value and the income value.
Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Chase.
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- Investing.com. "JPMorgan Chase & Co (JPM)."
- CNN Business. 2022. "JPMorgan shareholders vote down pay bump for CEO Jamie Dimon."
- JP Morgan Chase & Co. 2022. "JPMORGAN CHASE REPORTS SECOND-QUARTER 2022 NET INCOME OF $8.6 BILLION ($2.76 PER SHARE)."
- CNBC. 2022. "JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybacks."
- CNN Business. 2022. "Jamie Dimon battens down the hatches for a recession."