JPMorgan Chase is one of the largest and oldest financial companies in the world, providing banking and investment services. Established by the amalgamation of JP Morgan & Co. and Chase Manhattan Corporation in 2000, the American multinational corporation serves millions of clients in the United States and has operations in more than 60 countries around the world.
JPMorgan Chase & Co. is a universal bank, as it combines the following activities: investment banking, asset management, private banking, private wealth management, treasury and securities services, fiduciary activities, credit card services, retail banking activities and commercial banking.
It is one of the Big Four US banks, along Citigroup, Bank of America and Wells Fargo. JPMorgan Chase’s assets volume is among the largest in the world, boasting more than 2.515 trillion dollars and surpassing the assets volume of Citigroup and Bank of America. The company’s hedge fund division is the second largest in the United States.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
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