Better Buy: Bank of America vs. JPMorgan Chase
In fact, of the "big four" U.S. banks -- JPMorgan Chase, Bank of America, Wells Fargo(NYSE: WFC), and Citigroup(NYSE: C), there's a solid case to be made that these are the two most impressive right now. Digging a little deeper, JPMorgan Chase's business is doing quite well all around. Even in sectorwide weak points like trading revenue, the bank has been performing ahead of expectations. And the bank has the No. 1 market share in global investment banking fees through the first half of the year. Asset quality is strong, and there's little for shareholders to be disappointed about in the bank's recent performance aside from circumstances outside of its control, like falling interest rates. After some tough and unprofitable crisis-era years, Bank of America is now firmly in the upper echelon of major bank stocks. If I had told you a few years ago that Bank of America would have one of the best efficiency ratios of the major U.S. banks in 2019, you would have probably been skeptical, to put it mildly. What's more, the bank continues to improve.