Does JP Morgan own Citizens Bank?
JPMorgan Chase does not own General Electric, though as a massive global financial institution and institutional asset manager, it holds significant equity shares and manages investment portfolios containing GE stock on behalf of clients and funds. Historically, the investment banking firm's predecessor, J.P. Morgan & Co., famously engineered the 1892 corporate merger that founded General Electric, but modern GE operates as a widely held public corporation governed by institutional shareholders and public market investors.