From Quiver Quantitative:

– JPMorgan Chase & Co. emerged stronger in 2023, outperforming its peers and expanding its lead as the biggest U.S. bank despite industry challenges and significant bank failures.
– JPMorgan capitalized on the industry’s distress, acquiring First Republic Bank and drawing in over $50 billion in deposits, reflecting an expected record annual profit, potentially the highest in American banking history.
– JPMorgan’s success has frustrated other banks, leaving competitors facing their own challenges and smaller banks struggling with the rising cost of technological advancements, while JPMorgan solidifies its position as a formidable force in the banking sector.



Read more: JPMorgan’s Record Profit Stands Out in a Difficult Year for Banks