Top JPMorgan Chase Shareholders: JPMorgan Chase & Co. (JPM) is a major company in the world of financial services. It offers different types of banking services for consumers and businesse, like handling money and giving out loans. It also manages financial assets, provides investment banking services, and offers insurance products. You can find this information in their “2019 Annual Report” on Page 42.
JPMorgan Chase helps a wide range of clients, from regular people to small businesses, big corporations, and even governments. In the second quarter of 2020, the bank made more money, but its net income dropped a lot. It also set aside over $10 billion to be ready for any possible losses in the future, and it gave a warning that the U.S. economy might face more problems.
The biggest shareholders of JPMorgan Chase include people like Jamie Dimon and Mary Callahan Erdoes, as well as companies like Vanguard Group Inc., BlackRock Inc. (BLK), and State Street Corp. (STT). Over the past year, the company made $114.8 billion in revenue and had a net income of $30.1 billion. The total value of the company’s shares, known as market capitalization, was $298.2 billion. These numbers were all recorded as of July 14, 2020.
In the next part, we’ll get a closer look at the six most important shareholders of JPMorgan Chase
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JPMorgan Chase Shareholder:
Top 3 Individual Insider Shareholders
Jamie Dimon
Jamie Dimon owns 631,998 shares of JPMorgan Chase. This is equal to 0.02% of all the company’s shares that are available.
For 15 years, starting from 2005, Jamie Dimon has been the Chief Executive Officer (CEO) of JPMorgan Chase. During this time, he has used the bank’s own growth and buying other companies to make JPMorgan Chase the largest bank in the country based on how much its shares are worth. He has also been the chair of the bank since 2006. Before taking on these roles, Jamie Dimon was the President and Chief Operating Officer of JPMorgan. He became part of JPMorgan in 2004 because of a merger with another bank called Bank One Corp. Before JPMorgan, Jamie Dimon worked in big finance companies like Citigroup Inc., Travelers Group, and American Express Co. Jamie Dimon is known for being really good at making deals. He and his mentor, Sanford Weill, did many buyouts in the 1990s that made Citigroup Inc. the largest bank in the country at that time. But later, JPMorgan became even bigger.
Mary Callahan Erdoes
Mary Callahan Erdoes owns 493,266 shares of JPMorgan Chase, which is the same as 0.02% of all the shares that the company has.
Mary Callahan Erdoes is the CEO of a part of JPMorgan Chase called Asset & Wealth Management. This division takes care of investments and has more than $3 trillion in assets that it manages. She became part of JPMorgan Chase in the year 2000. Since 2009, she has been a member of the company’s Operating Committee, which is a group of top leaders. Mary Callahan Erdoes is also a part of the Investor Advisory Committee on Financial Markets of the Federal Reserve Bank of New York.
Daniel Pinto
Daniel Pinto has 469,078 shares of JPMorgan Chase. These shares are equal to 0.02% of all the shares the company has.
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Daniel Pinto has two important roles at JPMorgan Chase. Since 2018, he has been Co-President and Chief Operating Officer of the company. He is also the CEO of a part of the bank called the Corporate & Investment Bank. Daniel Pinto has been with JPMorgan Chase for many years, even before it was called that. He had different roles, like being in charge of money matters for Chemical Bank in Mexico. He was also the person responsible for Emerging Markets in the whole world.
Top 3 Institutional Shareholders
Vanguard Group Inc.
As per the company’s filing for the period ending March 31, 2020, Vanguard Group holds around 244.9 million shares of JPMorgan Chase. This amount is equal to 8.0% of all the shares available for the public to buy.
Vanguard Group mainly focuses on managing mutual funds and exchange-traded funds (ETFs). They manage funds with a total value of about $6.2 trillion all around the world.
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The Vanguard Financials ETF (VFH) is a fund that includes stocks of financial companies. It covers the top 98% of financial companies in the U.S. based on their total value. This ETF owns shares of JPMorgan. In fact, JPMorgan makes up the biggest part of the fund, at 9.4% of the total value of the companies that the fund invests in.
BlackRock Inc.
According to the company’s filing on March 31, 2020, BlackRock owns about 204.4 million shares of JPMorgan Chase. This number is equal to 6.7% of all the shares available for people to own.
BlackRock mainly focuses on managing mutual funds and exchange-traded funds (ETFs). They manage funds that have a total value of around $6.47 trillion.
The iShares U.S. Financial Services ETF (IYG) is a fund that invests in certain financial companies in the U.S., based on their size in the market. This fund owns shares of JPMorgan Chase. In fact, JPMorgan Chase makes up the second-biggest part of this fund, at 11.1% of the total value of the companies that the fund invests in.
State Street Corp.
According to the company’s filing on March 31, 2020, State Street owns about 140.9 million shares of JPMorgan Chase. This is equal to 4.6% of all the shares that people can own.
State Street mainly manages different kinds of investments, like mutual funds and exchange-traded funds (ETFs). The total value of the investments they manage is around $3.1 trillion.
The SPDR Dow Jones Industrial Average ETF Trust (DIA) is an ETF that follows a special index made up of 30 large companies in the U.S. stock market. This fund is like a group of these companies’ stocks. Within this fund, JPMorgan Chase represents about 2.6% of the total value of all the companies’ stocks that are part of the fund. You can find more about this on the ETF.com website.
Diversity and Inclusiveness of JPMorgan Chase
To help people understand why diversity is important in companies, we’re doing something special. We’re giving investors a way to see more than just who owns shares at JPMorgan Chase. We’re also showing how much the company cares about having different kinds of people, being fair to everyone, and doing things that are good for society. You can learn about how JPMorgan Chase tells us about the different kinds of people in charge and working at the company. You’ll see a ✔ mark if JPMorgan Chase shares information about how diverse its board of directors, top leaders, general managers, and all the employees are. They do this for many places they work in.
| 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) |
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