Heading into a recession in 2020, the nation’s largest bank is armed with a strong balance sheet. JPMorgan Chase moved up one spot from last year, thanks to a 6% increase in net revenue to a record $118.7 billion, with $2.7 trillion in assets. The company posted $36.4 billion in net income—the ninth record result in the past 10 years. However, this year looks different. Since the coronavirus crisis began, CEO Jamie Dimon issued a warning to shareholders: Best-case scenario, he predicted, the pandemic will create “financial stress similar to the global financial crisis of 2008,” including a “meaningful” hit to profits.
Lists ranking JPMorgan Chase
RANK8
World’s Most Admired Companies - 2020For an astounding 13th straight year, Apple claims...view in list
Latest news for JPMorgan Chase
- FinanceGlobal bank stocks tumble following ‘FinCEN files’ revelationsSeptember 21, 2020 10:24 AM UTC
- FinanceJPMorgan’s WFH model changed worker productivity—especially on two days of the weekSeptember 15, 2020 3:23 AM UTC
- FinanceJPMorgan flags potentially ‘illegal’ actions of employees and PPP loan recipientsSeptember 8, 2020 9:26 PM UTC
- FinanceChase’s Sapphire card created a millennial ‘cult.’ Can it last through COVID?August 24, 2020 12:00 PM UTC