What Is JPMorgan Chase's Most Efficient Operating Segment?

When it comes to banking, few things are more important than operating efficiently. And when it comes to efficiency, few banks measure up to JPMorgan Chase (NYSE: JPM), which has one of the lowest cost bases in the industry, especially among the nation's biggest banks.

Image source: Getty Images.

You can see this by looking at JPMorgan Chase's overhead ratio, more commonly known as the efficiency ratio. This reflects the percent of revenue a bank spends on operating expenses. It's calculated by dividing noninterest expenses by a bank's net revenue.

Source: Fool.com