JPMorgan earns 1/5 of the profits of all US banks. That’s $38.9 billion in profits, or around 18% of the industry total. It has become the largest US bank in almost every respect: Profits, Deposits, Number of branches.
by sylsau
JPMorgan earns 1/5 of the profits of all US banks. That’s $38.9 billion in profits, or around 18% of the industry total. It has become the largest US bank in almost every respect: Profits, Deposits, Number of branches.
by sylsau
4 comments
They just that damn good?
This bank participated in the 2008 U.S. bailout of banks. It bor- rowed $25 billion, which it has since repaid to the U.S. Treasury
Way to go, Jamie! Way to go!
Banks are continuing to consolidate. The number of commercial banks declines almost yearly.