JPMorgan tops Bank of America in deposit count

JPMorgan tops Bank of America in deposit count

JPMorgan Chase has more deposits than Bank of America, marking the first time in 23 years that the Charlotte-based company hasn’t been the industry leader. JPMorgan’s deposits reached $1.31 trillion as of June 30, 2017, according to the FDIC. BofA finished with $1.29 trillion. It has closed 3% of its branches in the last year.

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