Drew Angerer
JPMorgan Chase (NYSE:JPM) continued to widen its lead over other large U.S. banks in the first half of the year, with the lender currently worth more than three of its rivals – Bank of America (BAC), Wells Fargo (WFC) and Citigroup (C) – combined.
JPMorgan’s (NYSE:JPM) market capitalization currently stands at $794.32B, compared to Bank of America’s (BAC) $346.69B, Wells Fargo’s (WFC) $260.04B and Citigroup’s (C) $168.13B.
This week, JPMorgan (NYSE:JPM) reported Q2 earnings and revenue that topped the average analyst estimate, and raised its guidance for 2025 net interest income.
“We’re essentially firing on all cylinders, with some very minor exceptions of certain businesses that are extremely rate sensitive, like Home Lending, where they’re still doing a great job in what is a very tough market,” CFO Jeremy Barnum said in an earnings call with analysts.
Still, CEO Jamie Dimon warned of mounting competition from major banks and fintech firms. “… we’re quite cautious to just declare victory, like somehow we’re entitled to these returns forever.”
According to SA analyst Agar Capital, JPMorgan’s (JPM) latest results communicate solidity, long-term vision, and the ability to adapt to the macroeconomic environment.
“Despite a strong YTD rally, JPM stock remains a long-term core holding,” they added. (JPM) shares have gained 19.1% so far this year.