JP Morgan

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JP Morgan has once again proved that it is the strong financial institution by declaring its profit of fourth quarter. Depending on the high standards set by JP Morgan, it is said that the company is still short of its true potential. The profit is $3.28 billion and is considered formidable recovery after the worst economic crisis hit the global economy. According to the management of JP Morgan, it is said that bank has diversified its products to cope with this crisis, and mainly earned from its sales through investment banking and asset management. However, there is still much to be done in consumer banking sector as the employment status is weak and property prices are on the high end. After the aid given by the US Govt., to support the financial institutions, JP Morgan was given $ 25 billion which it paid back to the Govt. in June 2009 and not shown any loss during the crisis. With this advancement in the banking sector, it can be sensed that

the economic conditions are bouncing back and the economy will be stable in the near future.

JP Morgan is the oldest financial institution with its business in almost 60 countries. JP Morgan is been in operation since 1799, with its headquarters in New York City, U. S. JP Morgan Chase & Co. has a commercial bank, investment bank. It also provides the services of asset management, private banking, securities and treasury services. JP Morgan falls under the first four leading banks of United States.