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How did Jp. Morgan get in the Dow list?

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How did Jp. Morgan get in the Dow list?

Postby burghere » Thu Apr 18, 2013 3:37 pm

I'm having trouble with my history homework. Can anyone please explain to me how Jp Morgan Chase got on the Dow list.
burghere
 
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How did Jp. Morgan get in the Dow list?

Postby armonde » Thu Apr 18, 2013 4:17 pm

As you are aware, the Dow Jones index includes representative corporations from every sector of the economy. JP Morgan Chase is America's largest bank and represents the banking sector on the Dow Jones index.

JPMorgan Chase & Co. is an American multinational banking corporation of securities, investments and retail. It is the largest bank in the United States by assets.[2] It is a major provider of financial services, with assets of $2 trillion and according to Forbes magazine is the world's second largest public company based on a composite ranking.[3] The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States.[4] It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.[5]
armonde
 
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