Despite CEO Jamie Dimon’s efforts to pare down the bank’s size, J.P. Morgan Chase is by far the biggest American bank by any measure, whether in terms of sales, stock market value or assets, which bounced back 6% last year to nearly $2.5 trillion. While J.P. Morgan has been a leader among banks in successfully navigating the stricter regulatory regime following the 2008 financial crisis, it has also been an outspoken critic of many of the new rules, with Dimon himself suggesting a reform roadmap for the Trump administration. As higher interest rates bolstered the bank’s position as one of the Fortune 500’s most profitable companies, J.P. Morgan stock returned nearly 35% in 2016.
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News about J.P. Morgan Chase
Apart from his philanthropy, he founded some familiar names in banking.
With a credit card for U.S. small-businesses, according to people with knowledge of the matter.
Hoping to collaborate with big banks.
This is your Data Sheet newsletter for Wednesday, March 7, 2018.