JPMorgan Chase & Co. (JPM) is one of the world's leading financial services companies. It provides consumer and commercial banking and credit services as well as financial asset management, investment banking, and insurance products. JPMorgan Chase serves consumers, small businesses, large corporations, governments, and many other clients through its broad range of services and products.
Stephen Burke, Ashley Bacon, and Mellody Hobson are the top JPMorgan Chase individual insider shareholders. The top institutional shareholders are Vanguard Group, BlackRock, and State Street Corporation.
JPMorgan Chase posted a 12-month trailing (TTM) net income of $48.5 billion as of August 2024 and a 12-month trailing revenue of more than $158.51 billion for the same period. The company had a market capitalization of $556.48 billion as of Aug. 5, 2024.
Key Takeaways
- JPMorgan Chase & Co. provides numerous commercial and consumer banking and credit services.
- Stephen Burke, Ashley Bacon, and Mellody Hobson are the top JPMorgan Chase individual insider shareholders.
- The top institutional shareholders are Vanguard Group, BlackRock, and State Street Corporation.
- The company had a market capitalization of $556.48 billion in August 2024.
Top 3 Individual Insider Shareholders
This list reflects direct ownership. It doesn't include indirect ownership of shares or shares accessible through stock options.
The term "insider" refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company's stock. It has nothing to do with insider trading in this context.
Stephen B. Burke
Stephen Burke held 253,560 shares of JPMorgan Chase as of June 28, 2024.
Burke has served as director of JPMorgan Chase since 2004. He's also a senior advisor with Comcast Corporation and previously served as chairman of NBCUniversal, LLC and NBCUniversal Media, LLC from 2011 through 2020. Burke spent his earlier years with The Walt Disney Company as President of ABC Broadcasting beginning in 1986.
Ashley Bacon
Ashley Bacon owned 212,265 shares of JPMorgan Chase as of June 10, 2024.
Bacon is JPMorgan Chase's chief risk officer. He's responsible for the company's risk management and compliance organization. He also serves on the company's operating committee. He joined J.P. Morgan in 1993 after trading international government bonds for Daiwa Securities.
Mellody L. Hobson
Melody Hobson held 149,928 shares of JPMorgan Chase as of June 28, 2024.
Hobson has served JPMorgan Chase as a director since 2018. She's also served as director of Starbucks Corporation since 2005 and for The Estee Lauder Companies from 2005 until 2018.
Hobson made headlines in 2021 when she purchased $101,000 of JPMorgan Chase stock. It was reportedly the largest purchase made by an individual insider in a year.
Top 3 Institutional Shareholders
Institutional investors held the majority of JPMorgan Chase shares at 73.24% of total shares outstanding as of Aug. 5, 2024.
Vanguard Group, Inc.
Vanguard Group owned about 271 million shares of JPMorgan Chase representing about 9.4% of total shares outstanding as of August 2024.
The company is primarily a mutual fund and ETF management company with $8.6 trillion in global assets under management (AUM) at the end of 2023.
The Vanguard Financials ETF (VFH) focuses on financial stocks and owns a portion of Vanguard's JPMorgan share. The bank is the fund's largest holding at 8.77% of the fund's portfolio as of August 2024.
BlackRock Inc.
BlackRock owned about 196.12 million shares of JPMorgan Chase as of August 2024 representing 6.8% of total shares outstanding.
The company is a financial services company offering mutual funds and ETFs in addition to advisory services and institutional investor services. It topped $10 trillion in assets under management in January 2024.
The iShares U.S. Financial Services ETF (IYG) invests in a market-cap-weighted subset of U.S. financial stock and it owns JPMorgan Chase shares. The bank is the second-largest holding at 11.24% of the fund's portfolio as of Aug. 2, 2024.
State Street Corp.
State Street owned about 125.85 million shares of JPMorgan Chase, representing 4.38% of total shares outstanding as of August 2024.
State Street manages mutual funds, ETFs and other investments with $4.3 trillion in AUM at the end of 2024's first quarter.
Diversity and Inclusiveness of JPMorgan Chase
As part of our effort to improve the awareness of the importance of diversity in companies, we offer investors a glimpse into the transparency of more than just who are the shareholders at JPMorgan Chase. We highlight the company's commitment to diversity, inclusiveness, and social responsibility as a whole.
Find out how JPMorgan Chase reports the diversity of its management and workforce. The ✔ shows if JPMorgan Chase discloses its data about the diversity of its board of directors, C-Suite, general management, and employees overall across a variety of markets.
| JPMorgan Diversity & Inclusiveness Reporting | |||||
|---|---|---|---|---|---|
| Race | Gender | Ability | Veteran Status | Sexual Orientation | |
| Board of Directors | ✔ (U.S. Only) | ✔ | |||
| C-Suite | ✔ (U.S. Only) | ✔ | |||
| General Management | ✔ (U.S. Only) | ✔ | ✔ (U.S. Only) | ✔ (U.S. Only) | ✔ (U.S. Only) |
| Employees | ✔ (U.S. Only) | ✔ | ✔(U.S. Only) | ✔(U.S. Only) | ✔(U.S. Only) |
What Is the JPMorgan Chase Share Price?
JPMorgan Chase was trading at about $200 per share in early August 2024. Its 52-week range is from $135 to $217.
Does JPMorgan Chase Pay Dividends?
JPMorgan Chase pays quarterly dividends and they've increased consistently over 14 years. The company's dividend yield was 2.30% on Aug. 6, 2024. Payments are usually made on the last day of the first month of the quarter.
How Long Has JPMorgan Chase Been in Business?
JPMorgan Chase was founded in 1799 so it has a significantly long track record. It's headquartered in New York but operates worldwide.
The Bottom Line
JPMorgan Chase provides consumer and commercial banking and credit services as well as financial asset management, investment banking, and insurance products. The company posted a 12-month trailing revenue (TTM) of more than $158.51 billion as of August 2024.
Its top institutional shareholders are Vanguard Group, BlackRock, and State Street Corporation as of 2024. Stephen Burke, Ashley Bacon, and Mellody Hobson are the top JPMorgan Chase individual insider shareholders.
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