JP Morgan, the Goliath Goliath of American banks

In a year of turmoil in which the US financial sector has become more dominant, almost a fifth of all US bank profits in the first nine months of 2023 belong to the powerful JPMorgan. Its US banking branch received 38,900 million dollars in profit (about 18% of the total segment) according to the calculations of the Financial Times with bank data figures. If you follow this pattern in the last quarter, then this percentage will be the highest since 2009, when many banks were recovering from the financial crisis.

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About the Author: Muhammad Idham