JPMorgan Chase announced recently that the bank, under its gifted chief executive Jamie Dimon, had just earned $50bn in net income in 2023. That is the most money the bank has made in its history and the most money any bank has made ever.
A few days later, Goldman Sachs announced that it had made far less over the same year, about $8.5bn. That must make for some painful comparisons among David Solomon’s troops at 200 West St in Lower Manhattan.
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