5 Most Profitable Banks in the US in 2024

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1. JPMorgan Chase & Co. (NYSE:JPM)

Trailing Twelve Month Net Income: $49.5 billion

JPMorgan Chase & Co. (NYSE:JPM) is the world’s largest bank in terms of net assets. Its trailing twelve month profit of $49.5 billion also makes it the most profitable bank. JPMorgan Chase & Co. (NYSE:JPM)’s shares are rated Buy on average, and the average analyst share price target is $205.

103 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 survey had held JPMorgan Chase & Co. (NYSE:JPM)’s shares. Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $2 billion.

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