In their words
Quotes from our leaders provide insight into our history, trace our remarkable developments and continue to inspire us today.
"What's important is delivering on a brand promise. Our brand is character, intelligence and strength... if you go back to the heritage of this company that is what J.P. Morgan himself stood for."
— Jamie Dimon, Chairman & CEO, JPMorgan Chase, 2008
"Scale, leadership, culture and globality will produce the winners in the future."
— Bill Harrison (former Chairman and CEO, JPMorgan Chase), 1999
"J.P. Morgan is all about serving our clients exceptionally well, providing them with products and services they need to grow, and continuing to develop the quality, experience and integrity of our people. At the end of each day, we aim to distinguish ourselves in these three areas."
— Douglas "Sandy" Warner, III (former Chairman, JPMorgan Chase & Co.; former Chairman and CEO, J.P. Morgan & Co.), 2000
"JPMorgan Chase today is the result of a number of great institutions coming together based on the philosophy that together they were better than any of the preceding institutions. There were no winners or losers in that process, just a better resulting institution."
— Walter Shipley (former Chairman of the Board, Chase Manhattan Corporation), 2000
"What hasn't changed is that we change to fit the needs of our customers. That's the essence of Morgan as a bank."
— Sir Dennis Weatherstone (former Chairman and CEO, J.P. Morgan & Co.), 1990
"I hope that at this time people don't look on this as a US bank or as an international bank. There are possibilities for advancement that are not based on nationality."
— Lewis T. Preston (former Chairman and CEO, J.P. Morgan & Co.), 1982
"I thought we could not afford to go on indefinitely having no contact with a country with a billion people."
— David Rockefeller, former Chairman and CEO, Chase Manhattan Bank, late 1960s
statement made in reference to China
"When it comes to trusts and investments, we have the largest business in the world... The responsibility there is extremely great. If you do a bad job in that area, you don't live it down for a generation."
— Henry Clay Alexander (former Chairman and CEO, Morgan Guaranty Trust Company of New York; former Chairman and CEO, J.P. Morgan & Co.), 1959
"We all feel that ways and means will be found to get us back into the securities business, either through the amendment of the existing laws or through some separate corporate plan or otherwise. We are considering all these matters now, but have by no means accepted the idea that we are to be eliminated from the security business."
— Thomas W. Lamont (former Chairman of J.P. Morgan), 1934
statement made in reference to the Glass Steagall Act of 1933
"I should state that at all times the idea of doing only first-class business, and that in a first-class way, has been before our minds."
— J.P. Morgan, Jr., 1933
statement made before the Sub-Committee of the Committee on Banking and Currency of the U.S. Senate
"...The first thing is character...before money or anything else. Money cannot buy it...because a man I do not trust could not get money from me on all the bonds in Christendom."
— J. Pierpont Morgan, 1912
“My father told me to follow my own bent in business, but whatever that business, to work hard. One thing he said I shall always remember, not to discount the future of America. 'Remember, my son,’ he said, 'that any man who is a bear on the future of this country will go broke. There may be times when things are dark and cloudy in America, when uncertainty will cause some to distrust and others to think there is too much production, too much building of railroads, and too much development in other enterprises. In such times, and at all times, remember that the great growth of that vast country will take care of all.' "
— J. Pierpont Morgan, 1908