JPMChase outpaces Stagecoach From Hell To Be Most Valuable US Bank

Dakin Campbell & Dawn Kopecki, Bloomberg JPMorgan Chase & Co., the biggest U.S. bank by assets, reclaimed the No. 1 title by market value as the impact of last year’s wrong-way bet on derivatives fades and investors wager on an investment-banking rebound. JPMorgan shares rose 1.6 percent this week, valuing the bank at $184.9 billion through yesterday. That eclipsed […]

Wells Fargo Defends It’s Mortgage-Market Share

Wells Fargo & Co. (WFC), the largest U.S. home lender, said competition in the mortgage market is “essential” and that its control of 1 in 3 U.S. mortgages is the result of doing a better job than rivals. Growth in market share isn’t “magic” and is driven by clients choosing the bank over competitors because […]

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