JPMorgan Chase and Co. (JPM)
One of the oldest financial conglomerates on the planet. The financial institution, stationed in New York, is a leader in the field of investment and commercial banking services. The assets of $ 2.3 trillion. JPMorgan Chase put in first place among the largest banks in the US – ahead of Citigroup and Bank of America. Hedge Fund managed by JPMorgan Chase is the second largest fund of its kind in the United States. Formed by the merger of Chase Manhattan Corporation and J.P. Morgan & Co., the company serves millions of customers in the United States.
Quarterly profit of JPMorgan Chase & Co, the largest US bank by assets volume grew more than expected due to the austerity measures and a drastic reduction in judicial izderzhek.Chistaya profit of the bank rose to $ 5.43 mrad for the quarter, which ended December 31, 2015 versus $ 4.93 billion a year earlier.