JPMorgan Chase & Co. is a U.S. multinational banking and financial services holding company headquartered in New York City. It is the largest bank in the United States, the world's third largest bank by total assets, with total assets of US$2.5 trillion, and the world's most valuable bank by market capitalization, topping ICBC. It is a major provider of financial services, and according to Forbes magazine is the world's sixth largest public company based upon a composite ranking.