Commitment to racial equity

We believe meeting the needs of all communities is essential to our business and fostering a strong economy. In addition to our ongoing effort to engage a broad range of customers, clients and communities, in 2020, JPMorganChase announced its $30 billion Racial Equity Commitment to help close the racial wealth gap and advance economic inclusion among Black, Hispanic and Latino customers and communities that are underserved in the U.S. The products and services supporting this effort include elements open to all without limitation to race. 

Our progress

While we have invested and financed more than $30 billion toward elements identified in our Racial Equity Commitment, we remain encouraged by the progress achieved thus far and dedicated to continuing to support all communities, including those that are historically underserved.

  • 192K+

  • Affordable rental units preserved

  • 11K+

  • Units of affordable housing constructed or rehabilitated

  • $2.3B

  • Of incremental Low Income Housing Tax Credit investments

  • 8.7K+

  • Incremental loans to businesses in majority Black, Hispanic and Latino communities

  • 723K+

  • Net new low-cost checking accounts with no overdraft fees

  • 149

  • Community managers hired

  • 14

  • Community Center branches opened

  • 126

  • Branches opened in low-to-moderate income areas