StartupsFortuneabout 2 hours ago
JPMorgan nears $1 trillion market cap
3 min read
JPMorgan Chase is worth roughly $970 billion, closing in on becoming the first bank with a $1 trillion market cap. CEO Jamie Dimon's "fortress balance sheet" strategy drove acquisitions of Bear Stearns, Washington Mutual, and First Republic. Wells Fargo analyst Mike Mayo sees a possible $2 trillion valuation in seven to eight years.
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