1 Reason JPMorgan Chase Can Keep Winning
JPMorgan Chase (NYSE: JPM), America's largest bank by assets, is also arguably America's most successful mega bank. It has now battled through two big recessions over the last two decades: the Great Recession and the recent coronavirus pandemic, which is not over yet. Both have helped the bank emerge stronger. The Great Recession allowed JPMorgan to demonstrate its more prudent risk management and surpass all of its big bank peers in size and performance. The bank also proved very resilient in 2020, given the situation, and is now trading at all-time highs. Although the bank has already succeeded long term, here is one reason JPMorgan Chase can keep winning.
The one thing I really like about JPMorgan that will help the bank keep winning is its diverse revenue streams.
The bank has built five strong business segments: the consumer and community bank (CCB), corporate and investment bank (CIB), commercial bank, asset and wealth management, and the corporate unit. This has created revenue diversity that has not only enabled the bank to put up strong returns in different interest rate environments, but has also made JPMorgan resilient through recessions, which we saw recently in 2020.
Source Fool.com
