JP Morgan moving closer to a milestone no bank has ever reached: A $1 trillion market value

JPMorgan Chase shares touched a record high after reporting the highest quarterly profit ever by a US bank, driven by strong performance across investment banking, consumer banking, trading and lending. The bank, now valued at around $940 billion, is moving closer to a $1 trillion market cap, a level previously reached only by major technology companies. The rally is supported by a recovery in Wall Street dealmaking and investor confidence in long-time CEO Jamie Dimon's leadership.