J.P. Morgan Private Bank - Competitor Profile

J.P. Morgan Private Bank - Competitor Profile

Summary

This report provides comprehensive analysis of J.P. Morgan’s private banking and wealth management operations. It offers insight into the company’s strategy and financial performance, including key data on assets under management. Customer targeting, service proposition, product innovation, and marketing activities are also covered.

Headquartered in New York, JPMorgan Chase is a US-based financial services company and the parent holding company of both J.P. Morgan and Chase. J.P. Morgan Private Bank is a brand used by its Asset & Wealth Management business segment to cater to individuals and institutions with more than $10 million in investible assets.

Scope

• Despite the adverse market conditions in 2022, J.P. Morgan’s operating revenues grew by 5.8% to reach $128.7 billion. The group benefited from rising interest rates.
• The bank is focusing on growing its wealth business in the US. In May 2023, J.P. Morgan acquired the majority of assets and assumed deposits of First Republic Bank for $10.6 billion. As of April 13, 2023, First Republic had approximately $229.1 billion in total assets and $103.9 billion in total deposits.
• J.P. Morgan continues to launch new digital tools to deliver better services to its clients. In 2022, it launched Wealth Plan, an omnichannel wealth planning platform, as well as its remote advice business, J.P. Morgan Personal Advisors.

Reasons to Buy

• Examine the financial performance, key ratios, and AUM growth of J.P. Morgan
• Benchmark J.P. Morgan against other global wealth managers
• Understand J.P. Morgan’s current strategic objectives and their impact on its financial performance
• Discover J.P. Morgan’s key products and client-targeting strategies
• Learn more about J.P. Morgan’s marketing strategy, social media presence, and digital innovations