Chase: Back in the bulge-bracket
There are two reasons: strategy and implementation Strategically it was a merger of two institutions whose business platforms, both wholesale and retail, were identical, and whose emphasis on diverse earnings streams mirrored each other. Both banks needed to improve market positions – and they did. Strong product leadership and the fact that most of our businesses jumped from number five, six or seven to number one, two or three produced less earnings volatility.
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