JPMorgan Chase is closing in on a milestone no bank has ever reached.
The financial giant was worth roughly $970 billion on Monday morning—a modest stock-market rally away from becoming the first bank in the world with a $1 trillion market cap and a far cry from its $138 billion valuation on December 30, 2005, just before he took over. Last month, JPMorgan posted the highest-ever quarterly profit by a U.S. bank.
