JPMorgan Chase & Co. He continues to remain more and more from his key competitors.
In the first half of the year, the market value of this bank exceeded the summary value of the three largest rivals – Bank of America (BOFA), Citigroup and Wells Fargo. During that period, JPMorgan achieved $ 30 billion more than twice in the nearest competitor, and further increased the advantage of investment banking in relation to Goldman Sachs Group Inc. and Morgan Stanley.
In recent years, Wells Fargo was limited by regulatory measure on maximum assets, Citigroup passes through painful reorganization, while Bank of America suffers losses due to low-rate bonds purchased before interest rate growth, investor me. Meanwhile, JPMorgan took the First Pricing at the FIRST Republic Bank and is now the largest American bank with the balance sheet for as much as a trillion of the dollar, converting what was once a tight market in Arena dominated by one institution.
However, the Executive Director Jamie Dimon warns that the competition must not be underestimated:
“All our great bank rivals grow again and spread. There are also fintech companies that are extremely capable and smart, and who want to take over a significant part of our work,” Dimon said during the presentation. “We are very careful not to declare victory too soon and not to think of how such yields belong to us forever.”
Indeed, the situation changes partially. Wells Fargo no longer has a limit on the growth of assets, Citigroup recorded the highest quarterly revenue in more than a decade, and Goldman Sachs further secured the position of leaders in shares. The support of the Trump Administration The creption industry has gave the wind in the back with some new players.
“I don’t know why someone would prefer a stable coin instead of ordinary payments,” Ali Fintech companies are very smart. They are looking for ways to create bank accounts, enter the loyalty systems and we must keep in mind. “
