JPMorgan Chase (NYSE: JPM) is a global diversified financial services company based in New York. It was ranked #1 in US retail deposits and was the #1 primary bank for US small businesses (2023). The company generated net interest income (NII) of USD 89 billion and non-interest revenue (NIR) of USD 69 billion in 2023.
The bank operates under four primary business segments: Consumer & Community Banking (the consumer business), Corporate & Investment Bank (wholesale businesses), Commercial Banking, and Asset & Wealth Management. It generated ~78% of its total revenue in North America.
JPMorgan targets a medium-term ROE of 25%+ and ROTCE (return on tangible common equity) of 17% through the current business cycle. The bank also expects an NII of USD 91 billion for 2024. The company also aims to achieve net-zero emissions by 2050
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