Replies to post #73565 on Ubiquitech Software Corp (UBQU)

[80 bluchip 20 pot]

a more precise answer though it is 7 years old:

JPMorgan Chase & Co. is the parent holding company of Chase(Commerical Bank) and JPMorgan(Investment Bank).

John Pierpont Morgan (J.P. Morgan) founded J.P. Morgan & Co., which is the predecessor to Morgan Stanley and JPMorgan Chase.
As a result of the Glass-Stegall Act of 1933, J.P. Morgan & Co. was broken up, it spun off its investment banking activities into Morgan Stanley.

J.P. Morgan & Co. continued to operate as a commercial bank. However, in the 1990's it started to rebuild its investment banking operations. In 2000, it merged with the Chase Manhattan Bank, and JPMorgan Chase was formed. In 2004, it acquired Bank One, Jamie Dimon ( current CEO of JPMorgan Chase) was one of the executives who came from Bank One. During the financial crisis, JPMorgan Chase also acquired Washington Mutual and Bear Sterns. Today, JPMorgan Chase is the largest Bank in the world with over US$2.6 trillion in assets.
Morgan Stanley continues to operate as an investment bank.

[80 bluchip 20 pot]

a more precise answer though it is 7 years old:

JPMorgan Chase & Co. is the parent holding company of Chase(Commerical Bank) and JPMorgan(Investment Bank).

John Pierpont Morgan (J.P. Morgan) founded J.P. Morgan & Co., which is the predecessor to Morgan Stanley and JPMorgan Chase.
As a result of the Glass-Stegall Act of 1933, J.P. Morgan & Co. was broken up, it spun off its investment banking activities into Morgan Stanley.

J.P. Morgan & Co. continued to operate as a commercial bank. However, in the 1990's it started to rebuild its investment banking operations. In 2000, it merged with the Chase Manhattan Bank, and JPMorgan Chase was formed. In 2004, it acquired Bank One, Jamie Dimon ( current CEO of JPMorgan Chase) was one of the executives who came from Bank One. During the financial crisis, JPMorgan Chase also acquired Washington Mutual and Bear Sterns. Today, JPMorgan Chase is the largest Bank in the world with over US$2.6 trillion in assets.
Morgan Stanley continues to operate as an investment bank.

[sylvia07]

Thanks, I love hearing that story, I learned a lot from that story now I know what the difference between them.