Introduction: Company Summary
JP Morgan Chase goes back more than 200 years. It has been built from over a 1,000 institutions that have joined together over the years. Many of these companies are well known ones such as The Chase Manhattan Bank, Bank One, and Chemical Bank (The History of JPMorgan Chase & Co. pg.1”). Today, JP Morgan Chase is one of the world’s largest financial service providers. They have operations set up in more than 50 countries around the world (J.P. Morgan Asset Management.”). JP Morgan Chase offers several different services to their client base across the world, these include but aren’t limited to asset management, commercial banking, investment banking, private banking, security services, and treasury services (J.P. …show more content…
I am sure that everyone in the United States has at least heard of JP Morgan Chase. Given this information it tells me that they are in a strong financial position to continue in a direction that can help them grow larger (JP Morgan and Chase | USP & Competitors | BrandGuide.).
Weaknesses
Now while they are number one in the United States it brings me to one of the thing I believe to be their weakness. They are highly dependent on the United States. If something were to happen to the economy in the United States it would impact them directly. Included in this would be the chance of economic changes. The market is always changing so the company has to be prepared for a decline in the market at any given time. (JP Morgan and Chase | USP & Competitors | BrandGuide.). …show more content…
They have achieved their overall goal to be the top financial provider. They are the top in the United States and the third in the world. When examining the SWOT done for the company I found that I thought JP Morgan Chase would greatly benefit from taking their financial services abroad. Taking their business abroad could help them become the number one financial provider in the world. I believe that they are so close to achieving that title and that they are in a strong standpoint to be able to achieve that goal. I think that right now with their major weakness being that they are so dependent on the United States that they would greatly benefit from going global. It’s like the concept of not keeping all of your eggs in one basket. Taking their services into other countries could be the key to avoiding tragedy if the United States were to encounter a crash in our economy. Going globally too would give them the opportunity to invest abroad which could help them increase their assets and profits as
JP Morgan Chase goes back more than 200 years. It has been built from over a 1,000 institutions that have joined together over the years. Many of these companies are well known ones such as The Chase Manhattan Bank, Bank One, and Chemical Bank (The History of JPMorgan Chase & Co. pg.1”). Today, JP Morgan Chase is one of the world’s largest financial service providers. They have operations set up in more than 50 countries around the world (J.P. Morgan Asset Management.”). JP Morgan Chase offers several different services to their client base across the world, these include but aren’t limited to asset management, commercial banking, investment banking, private banking, security services, and treasury services (J.P. …show more content…
I am sure that everyone in the United States has at least heard of JP Morgan Chase. Given this information it tells me that they are in a strong financial position to continue in a direction that can help them grow larger (JP Morgan and Chase | USP & Competitors | BrandGuide.).
Weaknesses
Now while they are number one in the United States it brings me to one of the thing I believe to be their weakness. They are highly dependent on the United States. If something were to happen to the economy in the United States it would impact them directly. Included in this would be the chance of economic changes. The market is always changing so the company has to be prepared for a decline in the market at any given time. (JP Morgan and Chase | USP & Competitors | BrandGuide.). …show more content…
They have achieved their overall goal to be the top financial provider. They are the top in the United States and the third in the world. When examining the SWOT done for the company I found that I thought JP Morgan Chase would greatly benefit from taking their financial services abroad. Taking their business abroad could help them become the number one financial provider in the world. I believe that they are so close to achieving that title and that they are in a strong standpoint to be able to achieve that goal. I think that right now with their major weakness being that they are so dependent on the United States that they would greatly benefit from going global. It’s like the concept of not keeping all of your eggs in one basket. Taking their services into other countries could be the key to avoiding tragedy if the United States were to encounter a crash in our economy. Going globally too would give them the opportunity to invest abroad which could help them increase their assets and profits as