J.P Morgan: 13 Top Competitors and Alternatives

Founded in 2000 and headquartered in New York City, US, JP Morgan Chase Co. is one of the largest global financial service providers. Its services include asset management, equities trading, investment management, mutual funds, etc.

Chase Bank, JP Morgan & Co., and One Equity Partners are subsidiaries. With 271,025 employees, it has a net revenue of USD 121.65 billion and a net income of USD 48.33 billion.

A slight decrease in its recent number of employees caused a small reduction in its revenue and gross profit, allowing different companies to compete with it.

Competitors of J.P Morgan

Morgan Stanley

Morgan Stanley is an international investment banking company founded in 1935 and headquartered in New York. It has a net revenue of USD 59.8 billion and a net income of USD 15.1 billion.

With 75,000 employees, its subsidiaries are Morgan Stanley Wealth Management, E-Trade, Eaton Vance, and Solium. Its primary services include Sales, Investment management, trading, Prime brokerage, Wealth management, and other notable financial services.

Though its valuation and net profit are less than that of JP Morgan, its presence on social media and interaction with social media fans add a considerable value to the Company’s public image.

Goldman Sacs

Goldman Sacs is a prominent financial service provider founded in 1869 with its headquarters in New York.

Its primary services include Asset Management, Prime Brokerage, Credit cards, Mutual funds, Commercial banking, Investment management, Commodities, and Investment banking.

With net revenue of USD 59.3 billion and a net income of USD 21.6 billion, it has 43,900 employees. Despite its cent-percent social media engagement, it still lags behind JP Morgan as a competitor. 

Credit Suisse 

Credit Suisse is a globally established investment banking company founded in 1856 and headquartered in Zurich, Switzerland. It has a net revenue of CHF 22.7 billion and a net income of CHF 1.7 billion.

With 50,110 employees, its main products are asset management, private banking, and investment. Though its valuation, net profit, and cost of goods are less than that of JP Morgan, it still stands as an eminent competitor of JP Morgan.

CITI

Citigroup is an American multinational investment banking company providing services like Asset management, credit cards, equities trading, investment management, mortgage loans, mutual funds, risk management, securities services, etc.

Found in 1998, it has its headquarters in New York. With over 210,000 employees, its net revenue is USD 71.88 billion, and its net income is USD 22 billion.

Having nearly 10.73% of all American bank deposits, it’s the third-largest bank in America and the eighth largest globally. It’s one of the Big Four banks of the United States.

BlackRock

BlackRock, Inc. is a prominent international financial service provider founded in 1988 with its headquarters in New York. Its primary services include Asset management, financial risk management, etc.

With net revenue of USD 19.17 billion and a net income of USD 5.90, it has 18,400 employees. Its subsidiaries include 70 locations in 30 countries and clientele in over 100 countries.

In terms of revenue, BlackRock was placed 192 on the Fortune 500 list of the biggest firms in the United States as of 2021. 

Bank of America

The BOA is an American multinational investment banking company providing services like Asset management, credit cards, equities trading, investment management, mortgage loans, mutual funds, and risk management.

Found in 1998, it’s headquartered in Charlotte, North Carolina, and is one of the Big Four banks in the US. With over 200,000 employees, its net revenue is USD 89.11 billion, and its net income is USD 30.56 billion.

Having nearly 10.73% of all American bank deposits, it’s the second-largest bank in America and the eighth largest globally. 

UBS

Initially known as the Union Bank of Switzerland, the UBS is a multinational investment banking company founded in 1998 by merging two big institutions – the Union Bank of Switzerland and the Swiss bank corporation.

Headquartered in Zurich, Switzerland, it has a net revenue of USD 35.54 billion and a net income of USD 7.46 billion.

With 71,385 employees, its leading products include asset management, retail banking, private equity, finance and insurance, mortgages, and credit cards. Its services are known for strict bank-client confidentiality and high bank secrecy. 

LAZARD

Lazard Ltd. is an American multinational asset management and financial advisory company providing services in investment banking and investment management. Found in 1848, it’s headquartered in Hamilton, New York.

With over 3,179 employees, its net revenue is USD 3.19 billion, and its net income is USD 528.06 million.

It operates from over 40 cities across 25 counties and provides corporate finance and capital restructuring advice to corporations, partnerships, individuals, and governments. 

Evercore

Formerly known as Evercore Partners, Evercore Inc. is a multinational investment banking advisory company founded in 1995 and headquartered in New York City, USA.

It has a net revenue of USD 3.29 billion and a net income of USD 740 million. With 1950 employees, its main products are equity research, investment banking, and investment management.

It operated today as the leading independent investment bank in the world. 

Moelis & Company 

Moelis & Company is an America-based multinational asset management and financial advisory company providing services in investment banking and investment management to governments and financial sponsors.

Founded in 2007 and headquartered in New York with over 900 employees, its net revenue is USD 1.558 billion.

Despite being a comparatively new company, it has shown significant growth since its inception. It has emerged as one of the most prestigious advisings on more than USD 3.5 trillion in transactions.

Houlihan Lokey

Houlihan Lokey is an American independent investment bank, asset management, and financial service provider providing services in investment banking and investment management.

Found in 1972, it’s headquartered in Los Angeles, California. With more than 1,574 employees, its net revenue is USD 1.52 billion, and its net income is USD 313 million. It provides corporate finance and capital restructuring advice to corporations, partnerships, individuals, and governments.

It has been the topmost M&A advisor in the US for the past five consecutive years as of January 2021.

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