JPMorgan Chase Business Strategy Evaluation

2702 words (11 pages) Business Assignment

24th Aug 2020 Business Assignment Reference this

Tags: FinanceBankingJPMorgan

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Introduction

JPMorgan Chase is one of the oldest established financial organizations in the United States. It has a history as old as 200 years. JPMorgan Chase is a multinational investment bank and financial company with headquarters located in New York City. It is ranked as the largest bank in the United States of America and is also ranked as the sixth largest bank in the world based on their total assets as of 2018, which accounts to $2.535 trillion by S&P Global. And this is the most valuable bank by market capitalization in the world. This is a major provide of different investment banking and financial services in USA. JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are considered as the Big Four banks of the United States of America.

Overview of the organization

JPMorgan Chase is a leading global financial firm with assets worth of $2.6 trillion. It has over 100 markets of presence. And have over 250,000 employees all over the world. The company has millions of consumers, small businesses and several of the worlds most important corporate, governmental and institutional clients. The company is a leader in financial services and investment banking for customers and small businesses, asset management, commercial banking, monetary transaction processing. The company’s stock is a part of the Dow Jones Industrial Average.

Strategies

Certain standards are basic to our prosperity. They center around how we reinforce, shield and develop our organization after some time. Clinging to every one of these standards is the manner by which we will end up being the best and most regarded bank on the planet. We can’t guarantee explicit results or hazard free outcomes. Now and again, we may miss the mark in our endeavors and if that occurs, we will reestablish our promise to these standards and re-try harder. What we can and will guarantee is to be honest and give legit evaluations of our organizations and prospects; act with trustworthiness and respect and make the best choice—not really the simple or convenient thing. We will work with a wild purpose to make this an organization of which our clients, representatives, investors, and networks can be glad.

“The strength of our company has allowed us to always be there for our clients and communities – in good times and in bad times – and this strength enables us to continually invest in building our businesses for the future.” By JAMIE DIMON, CHAIRMAN & CEO, JPMORGAN CHASE & CO.

Business Principles

Exceptional client service – All through our 200-year history, JPMorgan Chase has consistently been there for our constituents around the globe. In the hardest of times when solid banks are required the most, we never falter in our help, and we never dismiss our fundamental mission: serving our customers.

Operational excellence – As significant as the procedure may be, we need to execute to win. Execution includes each representative and each contact we have with clients. The overlooked details are the main problem. We should act rapidly on issues; drive results, not simply exercises; and guarantee nitty-gritty development with the goal that we meet our responsibilities.

A Commitment to Integrity, Fairness and Responsibility – Keeping up the most noteworthy principles of honesty includes steadfastly meeting our responsibilities to every one of our constituents — clients, representatives, the Board, investors, controllers – and to ourselves.

A Great Team and Winning Culture – Groups succeed on the grounds that they are trained, they function admirably together, they execute reliably, and they have the enthusiasm to win.

Key players

The Board of Directors of JPMorgan Chase and Co. right now has 11 individuals. Become familiar with the Board Directors and the Committees they give authority to.

  1. Linda B. Bammann

Linda B. Bammann was Deputy Head of Risk Management at JPMorgan Chase from 2004 till 2005. Beforehand she was Executive Vice President and Chief Risk Management Officer at Bank One from 2001 to 2004 and, before at that point, Senior Managing Director of Banc One Capital Markets. She was additionally an individual from Bank One’s official arranging gathering. From 1992 to 2000 she was a Managing Director at UBS Warburg and antecedent firms.

  1. James A. Bell

James A. Chime was an Executive Vice President of The Boeing Company, an aviation organization, and maker of business jetliners and military airplane, from 2003 until his retirement in 2012. He was Corporate President from 2008 until 2012 and Chief Financial Officer from 2003 until 2012. Before being named Chief Financial Officer, Mr. Ringer was Senior Vice President of Finance and Corporate Controller. In this position, he filled in as Boeing’s chief interface with the board’s Audit Committee. He was Vice President of agreements and estimating for Boeing Space and Communications from 1996 to 2000

  1. Stephen B. Burke

Stephen B. Burke has been Chief Executive Officer of NBCUniversal, LLC, and a senior official of Comcast Corporation, one of the US. driving suppliers of stimulation, data and correspondence items, and administrations, since 2011.

Before joining Comcast, Mr. Burke presented with The Walt Disney Company as President to ABC Broadcasting. He joined The Walt Disney Company in 1986, and created and found The Disney Store and lead an extensive rebuilding of Euro Disney S.A.

  1. Todd A. Combs

Todd A. Brushes is a speculation official at Berkshire Hathaway Inc., a holding organization whose backups participate in various different business exercises including fund, protection, and reinsurance, utilities, and vitality, cargo rail transportation, assembling, retailing and administrations. Preceding joining Berkshire Hathaway in 2010, Mr. Brushes was Chief Executive Officer and Managing Member of Castle Point Capital Management, a speculation organization he established in 2005 to oversee capital for enrichments, family establishments, and foundations.

  1. James S. Crown

James S. Crown joined Henry Crown and Company, an exclusive venture organization that puts resources into open and private protections, land and working organizations, in 1985. Before joining Henry Crown and Company, Mr. Crown was a Vice President of Salomon Brothers Inc. Capital Markets Service Group. Mr. Crown has been a chief of General Dynamics Corporation since 1987 and has filled in as its Lead Director since 2010. Mr. Crown filled in as a chief of Sara Lee Corporation from 1998 to 2012.

  1. Timothy P. Flynn

Timothy P. Flynn was Chairman of KPMG International, a worldwide expert administrations association giving a review, assessment, and warning administrations, from 2007 until his retirement in 2011. From 2005 until 2010, he filled in as Chairman and from 2005 to 2008 as Chief Executive Officer of KPMG LLP in the U.S., the biggest individual part firm of KPMG International. Prior to filling in as Chairman and CEO of KPMG LLP in the U.S., Mr. Flynn was Vice Chairman, Audit and Risk Advisory Services, with working obligation regarding the Audit, Risk Advisory, and Financial Advisory Services rehearses. Mr. Flynn has been chief of United Healthcare since 2017, Alcoa Corporation since 2016, and of Wal-Mart Stores, Inc. since 2012. He was an executive of the Chubb Corporation from 2013 until its procurement in 2016. He recently filled in as a Trustee of the Financial Accounting Standards Board, an individual from the World Economic Forum’s International Business Council and an executive of the International Integrated Reporting Council.

  1. Mellody Hobson

Mellody Hobson has filled in as the President of Ariel Investments, LLC, speculation the board firm, since 2000. She has likewise filled in as Chair of the Board of Trustees of the Ariel Investment Trust, an enrolled speculation organization exhorted by Ariel Investments, since 2006. Ms. Hobson has been chief of Starbucks Corporation since 2005 and has filled in as its Vice-Chair since 2018. She filled in as an executive of The Estée Lauder Companies Inc. from 2005 to 2018, as an executive of DreamWorks Animation SKG, Inc. from 2004 to 2016 and as an executive of Groupon Inc. from 2011 until 2014.

  1. Laban P. Jackson, Jr.

Laban P. Jackson, Jr. has been Chairman and Chief Executive Officer of Clear Creek Properties, Inc., a land improvement organization, since 1989. He has been a chief of J.P. Morgan Securities plc since 2010. Mr. Jackson filled in as an executive of The Home Depot from 2004 to 2008 and a chief of the Federal Reserve Bank of Cleveland from 1987 to 1992.

  1. Michael A. Neal

Michael A. Neal was Vice Chairman of General Electric Company, a worldwide modern and money related administrations organization, until his retirement in 2013 and was Chairman and Chief Executive Officer of GE Capital from 2007 until 2013. During his vocation at General Electric, Mr. Neal held a few senior roles, including President and Chief Operating Officer of GE Capital and Chief Executive Officer of GE Commercial Finance preceding being selected Chairman and Chief Executive Officer of GE Capital. Mr. Neal serves on the warning leading group of the Georgia Institute of Technology’s Sam Nunn School of International Affairs. Mr. Neal is additionally a trustee of the Georgia Institute of Technology’s GT Foundation.

  1. Lee R. Raymond

Lee R. Raymond was Chairman of the Board and Chief Executive Officer of ExxonMobil, the world’s biggest traded on an open market universal oil and gas organization, from 1999 until he resigned in 2005. Mr. Raymond started his vocation in 1963 at Exxon. Mr. Raymond is an individual from the Council on Foreign Relations, an emeritus Trustee of the Mayo Clinic, an individual from the National Academy of Engineering and a part and past Chairman of the National Petroleum Council.

Competitors

The top competitors of JPMorgan Chase are

  • UBS
  • Citi
  • Goldman Sachs
  • Bank of America
  • Morgan Stanley
  • Wells Fargo
  • Credit Suisse
  • Deutsche Bank
  • Barclays
  • BNY Mellon

Quarterly and Annual Revenue

The revenue of JPMorgan Chase is ranked top three among its top competitors. The average of top ten competitors is $61.7 billion. The revenue of the company has increased by 4.9% especially in Q1 2019 the revenue was $29.1 billion whereas the revenue in Q4 2018 was $26.1 billion and in Q3 it was $27.3 billion where as in Q2 it was $27.8 billion.

JPMorgan Chase Funding History as per Owler is below

The company was founded in 1799 and from then onwards it has taken part in 2 rounds of funding. It has raised a total funding of $1.7 billion and the second round was in 2017 which totaled $480 million.

SWOT Analysis

Strengths:

  • It has a believed brand name and appreciates a decent budgetary position in the field of business and fund.
  • It demonstrates its great worldwide nearness through the establishment of its officials and the quantity of representatives is more than 250,000 over the world
  • It has kept up its great and enormous retail arrange, which can give amazing monetary administrations to its customers around the globe.
  • The organization has superb brand perceivability in the B2B section.
  • It has the biggest bank in the United States, which is working as far as deals, resources, advertise worth and benefits.

Weaknesses:

According to Haseeb. (2015)

  • The organization has overdependence on the USA, which is its extraordinary shortcoming and it can make tremendous misfortune the organization.
  • The organization faces issues while directing severe money related challenge with other monetary administration giving organization, which are practicing their administrations in the budgetary field.
  • It has the shortcoming of having the fluctuating business sector result because of their unsteadiness in budgetary issues.

Opportunities:

  • If the organization needs to grow it’s extending its business, at that point they ought to grow it in the rising economies of the world.
  • The organization has given the enhancing portfolios, which are kept up for its clients to meet their budgetary needs and illuminate their money-related issues in time.
  • It can offer its administrations to the customers with the goal that they can make an interest in the organization over the world.
  • The organization can begin business banking and JVs for their customers.

Threats:

  • Due to change in governments guidelines of the budgetary issues and it causes the money related emergency like subsidence’s.
  • All of the nations have their very own standards and guidelines to keep up money related issues and they are changed from one nation to other people, so the organization faces issues while managing monetary issues.
  • On the nearby level, different little organizations are attempting to settle money-related issues, which can irritate their business.
  • The organization faces the home loan advertise, which is generally precarious, and it can make harm the organization in managing budgetary issues.

Conclusion

J. P. Morgan Chase can truly extend and discover out of financial frighten in the event that it can sustain Bank One’s Visa business through shopper support. Additionally, if the American financial model could be brought into J. P. Morgan Chase’s outside business sectors, it would give J. P. Morgan Chase with unbridled development and improvement. Rivalry, for example, Citigroup is as of now using these chances. J. P. Morgan Chase must utilize a fruitful model for worldwide improvement to manage the risk of expanding household and outside challenges. The account is as of now wrung dry so J. P. Morgan Chase should grow both in local just as remote markets by vanquishing the challenge. Worldwide subsidence shows another danger, yet this risk can be transformed into an open door by empowering getting in the present moment to customers with great FICO scores. This could ideally goad the whole market energetically however gradually.

References

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