"House of Morgan" redirects here. For the building, see 23 Wall Street. For the Welsh dynasty descended from Morgan Hen, see kings of Morgannwg.J.P. Morgan & Co. was a commercial and investment banking institution based in the United States founded byJ. Pierpont Morgan and commonly known as the House of Morgan or simply Morgan. The firm is a direct predecessor of two of the largest banking institutions in the United States and globally, JPMorgan Chase and Morgan Stanley. Today, J.P. Morgan is the wholesale banking arm of JPMorgan Chase.
After the death of Anthony Drexel, the firm was rechristened "J. P. Morgan & Company" in 1895, retaining close ties with Drexel & Company of Philadelphia; Morgan, Harjes & Company of Paris; andJ.S. Morgan & Company (after 1910 Morgan, Grenfell & Company), of London. By 1900, it was one of the most powerful banking houses of the world, focused especially on reorganizations and consolidations.
