JPMorgan Chase & Co. (JPM) is one of the systemically important banks in the U.S. It enjoys a broadly diversified franchise with leading positions in investment banking, derivatives, and syndicated lending, and including credit cards, mortgages, and funds transfer. The franchise is anchored in a strong branch banking presence that yields a significant market share of deposits, creating a balance between consumer, commercial, and investment banking businesses. JPM's exposure to market dislocations and consumer credit problems could depress returns over the next several quarters. It has fared better than peers in the current market dislocations. It was not a major player in collateralized debt obligation (CDO) securitizations. Even in the syndicated lending arena, where it is the largest player, it...
Companies mentioned in this report are:
- JPMorgan Chase & Co.
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