JPMorgan: Number One Bank in America 4 comments
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It should come to no one’s surprise of the recent news that J.P. Morgan (JPM) is the number one bank in the world last year, due to their capital adequacy or their Tier 1 ratio according to The Banker magazine and reported by Reuters. Tier 1 is the most relevant measurement of bank strength.
Top Foreign Stocks (David Hunkar) listed the top U.S. banks with highest Tier 1 in the most recent quarter (based on 1st quarter reports):
Rank | Bank | Tier 1 Ratio |
1 | State Street (STT) | 19.13% |
2 | Bank of New York Mellon (BK) | 13.80% |
3 | BB&T (BBT) | 12.10% |
4 | Citibank (C) | 11.80% |
5 | JPMorgan Chase (JPM) | 11.30% |
6 | KeyCorp (KEY) | 11.16% |
7 | Suntrust (STI) | 11.00% |
8 | US Bank (USB) | 10.90% |
9 | Fifth Third Bank (FITB) | 10.90% |
10 | Regions Financial (RF) | 10.37% |
11 | PNC Bank (PNC) | 10.20% |
12 | Bank Of America (BAC) | 10.09% |
13 | Wells Fargo (WFC) | 8.28% |
As banks are starting to repay the TARP funds infusion that they received, we should pay careful attention to the bank’s Tier 1 ratios this upcoming earning season – as this will give us a clear picture on how banks are building their capital reserve to offset the continuing credit losses.
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This article has 4 comments:
GAVE them the gift of WAMU assets, plus $4bln of WMI funds held
in the bank. A look back in history will demonstrate that JPM is still
the steely-eyed, hard-hearted outfit that Morgan epitomized.
On Jun 25 09:19 AM effeff63 wrote:
> Perhaps the fact that JPM was so strong explains why the FDIC
> GAVE them the gift of WAMU assets, plus $4bln of WMI funds held<br/>in
> the bank. A look back in history will demonstrate that JPM is still
>
> the steely-eyed, hard-hearted outfit that Morgan epitomized.