J.P. Morgan Chase is the biggest and most profitable American bank by any measure, whether in terms of sales, stock market value or assets. CEO Jamie Dimon and his bank look to benefit from the Trump administration as higher interest rates and lower corporate taxes will translate to about $7 billion more in pretax profit in the coming years.
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News about JPMorgan Chase
The bank will use 'JPM Coin' for real-time wholesale payments.
Banking profits remained robust, but December’s volatility hurt bottom lines and analysts are keeping an eye on leveraged loans.
Like Citi, the bank noted a swooning fixed income sector hurt during a shaky December.
Companies must prioritize the issue as they would “any other effort in business.”