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Top shareholders of JPMorgan Chase

by SuperiorInvest

JPMorgan Chase & Co. (JPM) is one of the world’s leading financial services companies providing consumer and commercial banking and credit services, as well as financial asset management, investment banking and insurance products. Through its wide range of services and products JPMorgan Chase serving consumers, small businesses, large corporations, governments and many other clients. Despite reporting rising revenue in the second quarter of 2020, the bank reported a drop in net profit, set aside more than $10 billion to cover possible future loan losses and warned of more problems ahead for the US economy.

The main shareholders of JPMorgan Chase are Jamie DimonMary Callahan Erdoes, Daniel Pinto, Vanguard Group Inc., BlackRock Inc. (BLK) and State Street Corp. (STT). JPMorgan Chase had $114.8 billion in revenue and $30.1 billion in net income over the trailing 12 months. The company has a market capitalization of $298.2 billion. All data is as of July 14, 2020.

Below, we take a closer look at JPMorgan Chase’s six largest shareholders.

“Insider” refers to persons in senior management positions and members of the board of directors, as well as persons or entities that own more than 10% of the company’s shares. In this context, it has nothing to do with insider trading.

Top 3 individual insider shareholders

Jamie Dimon

Jamie Dimon owns 631,998 JPMorgan Chase shares which represents 0.02% of all the company’s outstanding shares. During his 15 years as Chief Executive Officer (CEO) since 2005, Dimon used internal growth and acquisitions to build JPMorgan Chase into the nation’s largest bank by market value. He has been chairman since 2006. Prior to these positions, Dimon was president and chief operating officer of JPMorgan. He joined JPMorgan in 2004 as a result of the bank’s merger with Bank One Corp., where Dimon was CEO. Before JPMorgan, Dimon was an executive at financial giants Citigroup Inc., Travelers Group and American Express Co. Dimon is known as a businessman who built two banking giants during his career. Before JPMorgan, he and his mentor Sanford Weill made a series of acquisitions in the 1990s that made Citigroup Inc. became the largest national bank at the time, later surpassed by JPMorgan.

Mary Callahan Erdoes

Mary Callahan Erdoes owns 493,266 JPMorgan Chase shares which represents 0.02% of all the company’s outstanding shares.Erdoes is CEO of JPMorgan Chase’s Asset & Wealth Management division, an investment management division with more than $3 trillion in assets under management (AUM). Erdoes joined JPMorgan Chase in 2000 and has served on the JPMorgan Chase Operating Committee, the company’s senior management team, since 2009. Erdoes also serves on the Financial Markets Investor Advisory Committee of the Federal Reserve Bank of New York.

Daniel Pinto

Daniel Pinto owns 469,078 JPMorgan Chase shares which represents 0.02% of the outstanding shares.Pinto has been co-president and chief operating officer of JPMorgan Chase since 2018, as well as managing director of the Corporate & Investment Bank. Pinto previously spent decades at JPMorgan Chase and its predecessors, serving in roles as treasurer of the chemical bank in Mexico and global head of emerging markets.

Top 3 institutional shareholders

Institutional investors holds the majority of JPMorgan Chase shares at approximately 71.4% of total shares outstanding.

Vanguard Group Inc.

Vanguard Group owns 244.9 million JPMorgan Chase shares, representing 8.0% of total shares outstanding, according to the company’s 13F filing for the period ended March 31, 2020.The company is primarily a mutual fund and ETF management company with approximately $6.2 trillion in global AUM.The Vanguard Financials ETF (VFH), which includes financial stocks in the top 98% of the US market by capitalization, is owned by JPMorgan. The bank is the largest holding with 9.4% of the fund’s portfolio.

BlackRock Inc.

BlackRock owns 204.4 million JPMorgan Chase shares, representing 6.7% of total shares outstanding, according to the company’s 13F filing as of March 31, 2020.The company is primarily a mutual fund and ETF management company with approximately $6.47 trillion in AUM.The iShares US Financial Services ETF (IYG), which invests is a market-cap-weighted subset of US financial stocks, owned by JPMorgan Chase. The bank is the second largest holding with 11.1% of the fund’s portfolio.

State Street Corp.

State Street owns 140.9 million JPMorgan Chase shares, representing 4.6% of total shares outstanding, according to the company’s 13F filing as of March 31, 2020.State Street manages mutual funds, ETFs and other investments with $3.1 trillion in AUM.SPDR Dow Jones Industrial Average ETF Trust (Dia), which tracks a price-weighted index of 30 large-cap U.S. stocks, represents 2.6% of the fund’s holdings.

JPMorgan Chase Diversity and Inclusion

As part of our effort to improve awareness of the importance of diversity in companies, we offer investors a glimpse into the transparency of not only who JPMorgan Chase’s shareholders are. We emphasize the company’s commitment to diversity, inclusiveness and social responsibility as a whole. Learn how JPMorgan Chase communicates the diversity of its management and workforce. ✔ indicates whether JPMorgan Chase publishes its data on the diversity of its board, C-Suite, general management and employees in various markets.

JPMorgan Diversity and Inclusion Report
Race Genus Ability veteran status Sexual orientation
board of directors ✔ (USA only)
C-Suite ✔ (USA only)
General management ✔ (USA only) ✔ (USA only) ✔ (USA only) ✔ (USA only)
Employees ✔ (USA only) ✔ (USA only) ✔ (USA only) ✔ (USA only)

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