JPMorgan Is Now Worth More Than Three Largest Rivals Combined
The JPMorgan Chase & Co. headquarters in New York.
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JPMorgan Chase & Co. keeps putting more distance between itself and key rivals.
The first half saw the bank’s market value surpass that of its three largest competitors — BofA, Citigroup and Wells Fargo — combined. It racked up $30 billion of profit in that period, more than double its closest rival, and widened its lead over Goldman Sachs Group Inc. and Morgan Stanley in investment-banking revenue.
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