Who JPMorgan buys from and sells to
Largest US bank: consumer deposits and cards, investment banking and trading, custody and payments.
Buys from 6
- VisaVnetwork for most Chase credit and debit cards
- MastercardMAnetwork for some Chase cards and the Apple Card
- AppleAAPLApple Card program, taking over ~$20bn balances from Goldman
- AmazonAMZNco-brand card customers and rewards
- United AirlinesUALco-brand card customers; JPM buys miles
- Goldman SachsGSthe Apple Card portfolio, moving over ~2027-28
Sells to 3
- BlackRockBLKcustody and fund services for US iShares
- US householdsdeposits, mortgages, cards and wealth management
- Corporationslending, treasury services, M&A and underwriting
Where the chain could break
- Net interest income moves with Fed rates and deposit pricing
- Card credit losses rise with US unemployment
- Basel endgame and G-SIB capital rules set how much it can lend and return
Competes with
- Bank of AmericaBACconsumer deposits and corporate banking
- Goldman SachsGSinvestment banking and trading
- Morgan StanleyMStrading and wealth management
- CitigroupCtreasury services and cards
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.