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JPMorgan takes almost a fifth of total US bank profits

Wall Street lender is the biggest US bank on almost every measure, including profits, deposits and branches
When Jamie Dimon became CEO, JPMorgan held around 8% of US bank deposits; now it has more than 13% of the industry total

JPMorgan Chase captured almost a fifth of all US bank profits in the first nine months of 2023, capitalising on a year of turmoil for the country’s financial sector to emerge even more dominant.

Its US banking subsidiary earned $38.9bn in profits — about 18 per cent of the industry’s total — according to FT calculations based on figures from industry tracker BankRegData. 

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