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The story begins with Junius Morgan, a New England businessman who established the Morgan name in the world's financial markets while working as a merchant banker in London in the 1800s. With Junius' guidance, his son, J. Pierpont Morgan, entered the banking business.
J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the world.
In 1871, J.P. Morgan & Co. was founded by J. P. Morgan who launched the House of Morgan on 23 Wall Street as a national purveyor of commercial, investment, and private banking services. The present company was formed after the two predecessor firms merged in 2000, creating a diversified holding entity .
Apr 3, 2014 · Who Was J.P. Morgan? Born into a prominent New England family in 1837, J.P. Morgan began his career in the New York financial industry in the late 1850s.
As the head of the banking firm that ultimately became known as J.P. Morgan and Co., he was a driving force behind the wave of industrial consolidations in the United States at the turn of the twentieth century.
J.P. Morgan & Co. elected to pursue commercial banking and spun off its investment banking business as Morgan Stanley & Co. Incorporated in 1935. In 1940 J.P. Morgan & Co. Incorporated was incorporated under New York State law.
Nov 9, 2009 · One of the most powerful bankers of his era, J.P. Morgan (1837-1913) financed railroads and helped organize U.S. Steel, General Electric and other major corporations.
