Case Study : Chase & Co Essay

The Case Interview • What is a case interview? The Case Interview • What specific skills does it assess? • How to prepare for a case interview? • An interactive example. What is a “Case Interview” anyway? The Case Interview Simulation of a business problem. Similar to what our associates encounter every day.

The company defines these goals, and sets pace to (J.P. Morgan business goals). To know a company, it is important to have an understanding of its history. J.P. Morgan is one of the leading global financial services and has been doing business for over 200 years. They have assets of $1.4 trillion and operations in more than 50 countries. J.P. Morgan Chase has historic links to its nearly 1,000 predecessors which started back in the 1800s. The beginning of J.P. Morgan Chase traces back to the Bank of the Manhattan Company that was started in 1799 by Aaron Burr.

The banking industry consists of almost sixty-five hundred banks that are insured by the Federal Deposit Insurance Corporation (FDIC). Out of these, there are eighty-one substantially large banks in the United States that are publically traded, which is where the market structure and industry information will be based.

In spite of this abhorrent cupidity, JPMorgan Chase & Co stands firm in their moral values. In their renowned philanthropy, professed conservative ideologies, and intellectual prowess, Chase

Chase Bank is a national bank and constitutes the consumer and commercial subsidiary of JP Morgan Chase. Chase Bank traces its origins to Manhattan Bank, created by Aaron Burr (The History of JP Morgan Chase & Co., 2008, p.2). Chase was the first tenant at the Rockefeller Center and was later on led by David Rockefeller in the 1960’s (Wilson, 1986, p.87). The famous Bank One became part of Chase in 2014, and the regrettable Washington Mutual, under receivership, was sold to Chase at a bargain during the crisis of 2008 (The History of JP Morgan Chase & Co., 2008, p.19).

One of biggest banking merger took place in December 2000 when Chase Manhattan and J.P. Morgan & Co. merged. The new name of the combined company was JP Morgan Chase. In 2004, Chase became the largest credit card issuer in US after it acquired Bank One. In 2008, JPMorgan Chase also acquired the Washington Mutual and Bear Stearns & Co.

Case questions 1. What is their business strategy to grow profitably and compete over the long term?

In 1871, the banking house of Drexel, Morgan & Co. was established by John Pierpont Morgan. "Twenty four years later it was renamed J.P. Morgan & Co., which it was to remain until the firm's purchase by Chase Manhattan in 2000. (Hughes 23) At this point, Chase Manhattan was the largest banking company in the United States. This was a far cry from the 1980's when Morgan "boasted the largest market capitalization of any American bank and was more expensive to buy than Citicorp. (Hughes 11)" While J.P. Morgan could not imagine the path banking would take in the U.S. with his passing in 1913; his banking house would have a strong hold on American banking for much of the 20th century. The introduction of bank holding companies and certain laws

JP Morgan Chase has contributed $3 million to help boost economic development in black and minority businesses. The money will be channeled through the Valley Economic Development Centers (VEDC) in New York City, Chicago and Los Angeles. According to their website, the VEDC oversees a National African American Small Business Loan Fund specifically designed to help "minority-owned businesses in these cities and help them serve low-income communities by providing them with greater access to capital, technical assistance and financial consulting." The VEDC has a goal of establishing a $30 million loan fund. The $3 million from JP Morgan Chase makes a significant mark toward that

The Competitive Profile Matrix indicates that JPMorgan Chase has the highest weighted score of 2.81 which is an indication that they are leading in the Banking industry over Bank of America with a score of 2.65 and Wells Fargo in third place with a score of 2.51. None of the three banking institutions fell below the average of 2.5 which is considered a weak position. Some of the contributing factors are as follows: On Financial Strength in 2015 JP Morgan Chase had assets of 2.39 trillion dollars, and Bank of America’s assets was at 2.17 trillion dollars, while Wells Fargo trailed with assets of 1.44 trillion dollars. On Technology initiatives, in addition to the large amounts of resources assigned to banking technology, JP Morgan Chase has a technology budget of 500 million dollars for Cyber Security; Bank of America invested 400 million, while Wells Fargo spent 250 million on Cyber Security.

Target Corporation Michael Holt Dontae Threatt Target Corporation was founded in 1902 in Minneapolis as the Dayton Dry Goods Company, though the first Target store was opened in 1962 in nearby Roseville, Minnesota. Not until 1995, was the first Super Target was built. In 1999 Target launched their website Target.com. Target grew and eventually became the largest division of Dayton Hudson Corporation, culminating in the company being renamed as Target Corporation in August 2000. The Corporation became a major retailing power house with $52.6 billion in revenues from 1,397 stores in 47 states by 2005. Realizing a 12.1% sales growth over the past five years target had announced plans to continue its growth by opening

JPMorgan Chase is one of the oldest financial services company dating back over 200 years. It has $2 trillion in assets and operations in more than 60 countries. JPMC’s corporate strategy is it provides services and products in major capital markets. JPMorgan Chase, well known nationally and globally, is leading in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.

SWOT Analysis of JP Morgan JP Morgan and Chase (JPMC) is the top fanatical service of US market and the biggest bank in US. JPCM with its exceptional 5 different business segments, which are corporate and investment banking (CIB), consumer and community banking (CCB), asset and wealth management (AWM), commercial banking (CB) and corporate entity.

IBE Assignment JP Morgan Chase & Co. Section – D Mihir Birua (PGP30206) Declaration “I, Mihir Birua do hereby declare that the report is my individual effort and that no part of the report is copied from published/unpublished sources without proper citation”. 1. Objective and scope 2. Vision and mission The vision statement of J.P. Morgan Chase & Co.: "At JPMorgan

American Express – Canada The American Express company also known as Amex, it is an American multinational corporation. The company was eventually started as an express mail business in Buffalo, New York. It was formed as a joint stock corporation through the merger of express companies owned by Henry Wells( Wells Company), William G. Fargo (Livingston, Fargo and company)and John Warren Butterfield (Wells, Butterfield and company).