JPMorgan Chase has rewritten industry record books in two decades under Jamie Dimon. And the Wall Street giant is now within striking distance of another milestone – becoming the first bank ever to reach a $1 trillion market valuation.
Crossing the landmark will put the bank in a club stacked with tech heavyweights such as Tesla, Meta and Broadcom, while also raising investor expectations and leaving little room for missteps.
Here are a few charts that explain the bank's rise:
The final stretch
A stellar earnings report on Tuesday propelled JPMorgan shares to a record high. The lender, which reported the highest profit in history by a U.S. bank, was last valued at around $919 billion, dwarfing rivals.
