JPMorgan Chase is on the verge of making financial history as the first bank ever to reach a $1 trillion market valuation, underscoring the Wall Street giant's dominance under CEO Jamie Dimon's nearly two decades of leadership.
The bank's market capitalization climbed to roughly $919 billion after posting the highest quarterly profit ever recorded by a U.S. bank this week, putting the lender within striking distance of joining an exclusive club populated largely by technology giants such as Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta and Broadcom.
