JPMorgan Chase
It's a huge bank: it keeps money safe, lends money and helps companies invest.
📖 Its story
Its story begins in 1799 in New York, with a company created to bring clean water to the city. Very soon that company opened a bank. Over the years it joined with other famous banks, like J. P. Morgan's bank and Chase, until it became one of the biggest in the world.
💵 How it makes money
By charging interest on loans, fees on cards and services, and by giving advice to companies and investors.
🤯 Fun fact
One of the banks it came from, The Manhattan Company, was officially created to bring clean water to New York.
👍 The good part
It is one of the biggest and strongest banks in the United States.
⚠️ The risk
If the economy gets bad and people can't pay back their loans, the bank loses money.
🧠 Did you get it?
What was The Manhattan Company officially created for in 1799?
🗂️ Quick facts
- Founded in: 1799
- Founded by: Aaron Burr (The Manhattan Company); later J. P. Morgan and other bankers
- Home: New York, New York, USA
🔎 How to find it on the stock market
- Search the internet for JPM stock.
- You can also find it in your parents' investing app with the letters JPM.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in JPMorgan Chase. Ask your mom or dad to join the list.
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