Over the years, JPMorgan Chase (NYSE: JPM) has solidified its position as one of the best-run banks in the U.S. Over the past decade-and-a-half, JPMorgan has thrived despite a challenging operating environment for banks that included multiple recessions and a decade of ultra-low interest rates, followed by the recent era of rapidly rising rates.
Since November, JPMorgan Chase stock has gained about 45% and is priced at the higher end of its historical averages. If you're considering buying JPMorgan stock today, here's what you need to know first.
JPMorgan Chase has $3.4 trillion in total assets, making it the largest bank in the U.S. It has 34% more assets than its closest competitor, Bank of America, and nearly twice as many assets as the third-largest bank, Wells Fargo.
Source Fool.com