JPMorgan Chase & Co. is a global financial holding company that serves millions of retail customers predominantly in the United States, as well as major corporate, institutional, and government clients worldwide through three primary business segments: Consumer & Community Banking, which offers retail banking, card services, and mortgages; Commercial & Investment Bank, which provides investment banking, commercial banking, trading, and transaction processing; and Asset & Wealth Management, which delivers asset management and wealth advisory services. The firm generates revenue through a diverse range of financial services including deposit-taking, lending, investment banking, securities underwriting and trading, wealth management, and transaction processing, competing on the basis of product quality, service variety, execution capability, innovation, reputation, and pricing. Operating under extensive federal and state supervision, including Federal Reserve consolidated oversight and Basel III capital requirements, JPMorgan Chase maintains a global footprint across 66 countries with principal banking operations in 48 U.S. states and significant international subsidiaries.