The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

JPMorgan: Master of all trades

The bank has gone from strength to strength and its tech firepower makes it hard to dislodge.

The top echelons of wholesale banking might be as competitive as ever, but they are also more fragmented. Regulation and the cost of capital necessarily limit the scope of franchises in ways that the 1990s architects of one-stop shops could hardly envisage.

The biggest firms will still claim to have a more or less full-service offering, of course, but specializations persist – look at Morgan Stanley in equities, Citi in macro and rates, Bank of America Merrill Lynch in credit, Goldman Sachs in M&A and State Street in custody.

There is, however, one bank that can still lay better claim than most to the position of preeminent wholesale financial supermarket – JPMorgan, under CEO Jamie Dimon. On a trailing 12-month basis to the end of the third quarter 2018, the bank was biggest by revenues, profits, DCM revenues and fixed income revenues. And in any segment where it didn’t lead, it came close.

Viswas Raghavan, chief executive of JPMorgan in Europe, traces the bank’s success through the manner in which it is now able to compete at the very top of each vertical.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree