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They are all financial institutions of comparable size and using similar business models. The fact that JP Morgan Chase reported Q4 profit at $9.3 bln on the h
by octobus2021 3y ago
They are all financial institutions of comparable size and using similar business models.
The fact that JP Morgan Chase reported Q4 profit at $9.3 bln on the highest annual revenue for any bank EVER, and Bank of America reported Q4 profit at $3.1bln, while Citibank reported net LOSS of $1.8bln, should tell you everything you need to know about how well these organization are managed.