JPMorgan Chase Tops Nation in Deposits
October 03 2017 - 4:30PM
Business Wire
Customers add $96 billion in net deposits in
last year, bringing total to $1.3 trillion, the FDIC
reports
For the first time in 23 years, JPMorgan Chase & Co. led the
nation in total deposits as consumers and businesses added $96
billion to their bank accounts in the last year.
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JPMorgan Chase & Co. 2017 FDIC
deposits (Graphic: Business Wire)
The Firm’s U.S. deposits grew 7.9 percent to reach $1.3 trillion
on June 30, 2017, according to Federal Deposit Insurance Corp. data
released this week. This is the fifth consecutive year the Firm led
the nation in deposit growth. Over the last five years, customers
added $447 billion in deposits, a 51 percent increase.
“Customers continue to trust us with their money as we help them
bank whenever, wherever, however they want,” said Thasunda Duckett,
CEO of Consumer Banking at Chase.
About JPMorgan Chase & Co
JPMorgan Chase & Co. is a leading global financial services
firm with assets of $2.6 trillion and operations worldwide. The
Firm is a leader in investment banking, financial services for
consumers and small businesses, commercial banking, financial
transaction processing, and asset management. A component of the
Dow Jones Industrial Average, JPMorgan Chase & Co. serves
millions of customers in the United States and many of the world's
most prominent corporate, institutional and government clients
under its J.P. Morgan and Chase brands. Information about JPMorgan
Chase & Co. is available at www.jpmorganchase.com.
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JPMorgan Chase & Co.Elizabeth Seymour,
212-270-5604Elizabeth.c.seymour@jpmorgan.com
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