Mortgage

JPMorgan Chase ranks as world’s biggest bank

JPMorgan Chase (JPM) has $2.39 trillion in total assets as of March 31, according to Bloomberg.

As a result, the company ranks as the world’s largest bank.

According to the article, it has been difficult to make size comparisons between U.S. and overseas banks, but now that U.S. companies are required to disclose gross numbers in the footnotes of their quarterly reports, those comparisons can be accurately made.

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