Does JPMorgan Chase Still Have a Fortress Balance Sheet?
JPMorgan Chase (NYSE: JPM), the largest bank in the U.S., has long been known for its fortress balance sheet, which is one of the things Chief Executive Officer Jamie Dimon is most proud of. A fortress balance sheet means that the bank has enough capital and is liquid enough to withstand a severe economic shock and still be able to lend money to individuals, families, and small businesses. Examples of economic shocks are those seen during the Great Recession and at the onset of the coronavirus pandemic.
But over the next few years, JPMorgan Chase is expected to build capital from its current levels. Will the bank still have the fortress balance sheet that has made it famous? Let's take a look.
Since the Great Recession, banks have by and large been required to hold more capital, as directed by regulators like the Federal Reserve, to ensure that the global banking system is prepared for the worst.
Source Fool.com
