Drexel and Company

American company

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June 25, 2026

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Drexel and Company was an American investment banking firm founded by Anthony Joseph Drexel and his brothers. Anthony Drexel transformed his father's banking house into a prominent investment-banking concern, organizing Drexel, Morgan and Company in New York City and Drexel, Harjes and Company in Paris. He specialized in government bonds, railroad organization, mining development, and urban real estate. Drexel was also a philanthropist, notably founding the Drexel Institute of Technology in Philadelphia, which is now known as Drexel University. The university, established in 1891, is known for its extensive cooperative education program.12

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Anthony Joseph Drexel
…their father’s banking house of Drexel and Company in Philadelphia, Anthony and his brothers transformed it into an investment-banking concern. In 1871 they organized Drexel, Morgan and Company of New York City and Drexel, Harjes and Company in Paris. Anthony specialized in flotation of government bonds, railroad organization, mining development,…
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…their father’s banking house of Drexel and Company in Philadelphia, Anthony and his brothers transformed it into an investment-banking concern. In 1871 they organized Drexel, Morgan and Company of New York City and Drexel, Harjes and Company in Paris. Anthony specialized in flotation of government bonds, railroad organization, mining development,…
Read More