This Bank Stock Just Hit $100 a Share

This Bank Stock Just Hit $100 a Share

Shares of JPMorgan Chase (NYSE: JPM) just passed a major benchmark, trading for more than $100 for the first time. Spurred by the performance of the bank's stock over the past decade, the accomplishment is a testament to JPMorgan Chase's prudent and profitable approach to banking under chairman and CEO Jamie Dimon.

The nation's biggest bank by assets crossed the $100 per share threshold this week, eclipsing the mark in intraday trading on Tuesday, when it climbed to $101.19 per share. Since then, JPMorgan Chase's stock has closed above $100 per share for four consecutive days.

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Source: Fool.com