Uniform Bank Performance Report - Anderson School of Management
Uniform Bank Performance Report - Anderson School of Management
Uniform Bank Performance Report - Anderson School of Management
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Commercial <strong>Bank</strong>ing<br />
The Commercial <strong>Bank</strong>ing, or business banking, sector encompasses virtually the same services <strong>of</strong>fered<br />
under the Retail Financial Services segment. The only difference is that Commercial <strong>Bank</strong>ing services are<br />
<strong>of</strong>fered to businesses rather than the general public.<br />
Business Accounts<br />
JPMorgan Chase also <strong>of</strong>fers deposit accounts for businesses. These accounts provide businesses and<br />
business owners with the ability to deposit daily earnings, pay bills, pay employees (via direct deposit),<br />
and gain tax processing assistance. Companies with yearly revenues <strong>of</strong> less than $10 million typically use<br />
standard business accounts that are similar to individual accounts in retail financial services. Larger<br />
companies typically hold accounts that are custom designed to meet their needs. These accounts are set<br />
up to facilitate maximum control over capital movement and risk. The enhanced features <strong>of</strong> these<br />
accounts allow managers to monitor and manipulate liquidity, operate internationally, streamline<br />
payables and receivables, and obtain financing.<br />
Loans<br />
Loans, one <strong>of</strong> the most fundamental aspects <strong>of</strong> banking, are <strong>of</strong>fered to both individuals and businesses<br />
through the Retail Financial Services and Commercial banking segments. JPMC <strong>of</strong>fers a variety <strong>of</strong> loans<br />
to meet the needs <strong>of</strong> each individual or business. However, the majority <strong>of</strong> loans extended by JPMC can<br />
be divided into three standard categories: Auto loans, Student loans, and mortgages.<br />
Auto Loans<br />
JPMorgan Chase & Co. takes great pride in <strong>of</strong>fering its customers competitive interest rates on auto<br />
loans. Below is a graph showing how JPM’s current auto loan interest rates compare to the national<br />
average. As you can see, the national average for these loans is significantly higher, almost double those<br />
<strong>of</strong>fered by JPMC.
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