Have you ever thought about how much you would have made if you invested $1000 in J.P. Morgan Chase 10 years ago? J.P. Morgan Chase & Co., based in New York City, is an investment bank and financial services holding company.
They are a leading provider of financial and investment banking services. J.P. Morgan Chase was formed by the merger of multiple major U.S. banking firms, namely Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns, and Washington Mutual.
Chemical Bank was the original name of the company until it was purchased by Chase Manhattan. Chase Manhattan Corporation and J.P. Morgan & Co. combined in 2000 to create what is now J.P. Morgan Chase.
J.P. Morgan is a worldwide pioneer in financial markets, providing solutions to the world’s most influential companies, economies, and organizations. Using their many services, they also organize volunteer service events for workers in their local neighborhoods.
J.P. Morgan Chase announced a five-year, $250 million plan in 2013 to assist individuals in developing in-demand job skills. They were one of the first companies to introduce mobile banking features in 2010 to help consumers track their deposits and pay bills via their smartphones and tablets.
If you’d invested 1,000 in J.P. Morgan Chase & Co. (JPM) on May 18, 2011, today the investment would be worth $4,941.91 with an annual rate of return of 17.31%. Your total profit from this investment would have been $3,941.91.
J.P. Morgan Chase & Co. handles millions of people in the United States, as well as many of the most well-known corporations. The bank reported $14.3 billion in net profits during the year, up $11.4 billion from the previous year. J.P. Morgan has proven to be an outstanding long-term investment on the stock market over the past decade.
Where to Invest $1,000 Now
Navigating the stock market can be very difficult even for the most experienced investor. If you have $1,000 available to invest today, where should you put your money? It may be best to consider contacting a financial advisor to help you manage your investments on the stock market and diversify your portfolio.