M&A Deal Summary

JPMorgan Chase Acquires Bank One

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2004-01-14
Target Bank One
Sector Financial Services
Buyer(s) JPMorgan Chase
Deal Type Merger
Deal Value 58.0B USD
Advisor(s) Lazard Ltd. (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

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(S) 1

Buyer

JPMorgan Chase

New York, New York, United States
Category Company
Founded 1799
Sector Financial Services
Employees311,921
Revenue 155.0B USD (2023)
DESCRIPTION
Entrance to Chase Tower in downtown Chicago, Illinois.
Entrance to Chase Tower in downtown Chicago, Illinois.

JPMorgan Chase is a financial institution. The Company 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 STATS #
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 -
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 -
Mergr

Product

Company

Legal