It looks like JP Morgan Chase recently made an important domain name acquisition. Whois records show the banking and financial services conglomerate has acquired the JPMC.com domain name. I am not sure how regularly the company is referred to simply as “JPMC” but it seems to be the most commonly used acronym.
DomainTools historical Whois records from a few months ago show a registrant who I believe is active in the domain investment space. Subsequent to that and earlier this month, the domain registrant became DNStinations, Inc. As of today, the Whois registrant is currently listed as JPMorgan Chase & Co.
If you visit JPMC.com right now, you will see that the domain name does not resolve. JP Morgan Chase currently uses the longer JPMorganChase.com domain name for its website. I would not be surprised to see them eventually forward JPMC.com to its website, although they may have simply acquired this domain name for defensive measures. In my opinion, there isn’t really a reason to not forward. I would also think JPMC.com would be good for emails rather than the longer domain name.
JP Morgan Chase uses the JPM ticker symbol on the New York Stock Exchange. The company also owns the shorter JPM.com, which forwards to JPMorgan.com.
One of JP Morgan Chase’s competitors is Morgan Stanley, which acquired Smith Barney, another financial services company. During the transition period for Smith Barney, the company was referred to as Morgan Stanley Smith Barney. They smartly acquired the MSSB.com domain name, which now forwards to a Morgan Stanley-branded login page.
I don’t yet know what the company’s plans are for JPMC.com, but it was a wise acquisition.
I will reach out to the former registrant to see if he can share the acquisition price or a price range, and if so, I will update this article to reflect this new information. My guess is the deal had a non-disclosure agreement attached, so it will likely remain a private sale.