Merger • Financial Services

JPMorgan Chase Acquires Bank One

On January 14, 2004, JPMorgan Chase acquired financial services company Bank One for 58.0B USD

Acquisition Context

This is JPMorgan Chase’s 4th transaction in the Financial Services sector.
This is JPMorgan Chase’s largest (disclosed) transaction.
This is JPMorgan Chase’s 5th transaction in the United States.
This is JPMorgan Chase’s 1st transaction in Illinois.

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M&A Deal Summary
Date	January 14, 2004
Target	Bank One
Sector	Financial Services
Buyer(s)	JPMorgan Chase
Deal Type	Merger
Deal Value	58.0B USD
Advisor(s)	Lazard (Financial) Wachtell, Lipton, Rosen & Katz (Legal)

Target Company

Bank One

Chicago, Illinois, United States

Bank One is a bank holding company, with assets of $290 billion. Bank One has more than 51 million credit cards issued, and serves nearly 7 million retail households and more than 20,000 middle market customers. It also manages $175 billion of clients' investment assets. Bank One is based in Chicago, Illinois.

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Buyer Overview 1

Buyer

JPMorgan Chase

New York, New York, United States

Category	Company
Founded	1799
Sector	Financial Services
Employees	311,921
Revenue	177.4B USD (2024)

DESCRIPTION

Entrance to Chase Tower in downtown Chicago, Illinois.

JPMorgan Chase is a financial institution provides investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase was founded in 1799 and is based in New York, New York.

Deal Context for Buyer	#
Overall	5 of 27
Sector: Financial Services	4 of 10
Type: Merger	3 of 3
State: Illinois	1 of 1
Country: United States	5 of 22
Year: 2004	1 of 1
Size (of disclosed)	1 of 9

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2002-01-08	Webalg California, United States Webalg Inc. is an automotive finance software company. Webalg's flagship product that operates as a powerful lease comparison tool.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2002-01-08

Webalg

California, United States

Webalg Inc. is an automotive finance software company. Webalg's flagship product that operates as a powerful lease comparison tool.

Sell

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2005-06-23	Neovest Orem, Utah, United States Neovest, Inc. a developer of Proactive Intelligent TechnologyTM designed to make traders and investors more productive. Neovest's products incorporate a unique server technology (NEBO) designed by Neovest, that enables fast, efficient delivery of market data from multiple sources and drives real-time data analysis and decision support, creating a powerful equity trading solution.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2005-06-23

Neovest

Orem, Utah, United States

Neovest, Inc. a developer of Proactive Intelligent TechnologyTM designed to make traders and investors more productive. Neovest's products incorporate a unique server technology (NEBO) designed by Neovest, that enables fast, efficient delivery of market data from multiple sources and drives real-time data analysis and decision support, creating a powerful equity trading solution.

Buy

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