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In: Finance

Why would be good to work in JP Morgan multinational company?

Why would be good to work in JP Morgan multinational company?

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Answer:-

JP Morgan Chase & Co  is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm provides services in investment banking, treasury and securities services, asset management, private banking, commercial banking and other services. The company has operations in more than 60 countries and has a headcount of 256105 employees as per the 2018 annual report.

J P Morgan is ranked no 1 in global investment banking fees for 10th consecutive year and was ranked top 10 in most admired company on Fortune's Magazine. The company is ranked 1 in multifamily lender and is the first US bank with digital coin. The company has a 10% wage increase on average to $15-$18 per hour for 22000 employees which is rarely seen in other banks.

J.P. Morgan has one of the best organized training for entry level employees. The company have a very strong work ethic and there is lot of client interaction at a very early age. Moreover employees transition from one part of the bank to another ie. moving within the bank to pursue an opportunity different from the line of business is possible which rarely happens with most of the firms.

Coming to the stock performance it has risen more than 60 % from Feb 2015 to May 2019 and is the best performing stock in top investment banks in tandem with the US fed which increased interest rates from 0.25% to 2.5% during this period.

The company has posted a record Q2 FY 2019 profit of $9.65 billion, 16% higher than a year earlier, or earnings of $2.82 per share, beating the $2.50 estimate of analysts surveyed by a brokerage firm. The company has clocked a revenue of $ 109 billion and net income of $ 32.5 billion in the FY 2018. The bank's core loans grew by 7%, increased deposits in total by 3% and generally grew market share across all businesses by maintaining credit discipline and a fortress balance sheet.

The bank has been ranked as the top investment bank and has been providing best services to clients across the globe surpassing the expectations and performing well in all businesses making it the top choice for many employees working in this industry.


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