As Scale Grows Increasingly Important in Banking Businesses, JPMorgan Looks Well Positioned

JPMorgan is arguably the dominant bank franchise in the US. With leading positions in investment, commercial, and retail banking, as well as valuable credit card and asset- and wealth-management businesses, it is a force to be reckoned with. The bank's combination of scale, diversification, and sound risk management seems like a simple path for carving out a durable competitive advantage, but few others have been able to execute a similar strategy.