The Chase Tower in Dallas, Texas. Image source: Wikimedia Commons.
If it wasn’t clear before, it certainly is after fourth-quarter earnings: JPMorgan Chase (NYSE: JPM) has emerged as one of the biggest winners in the bank industry over the past decade. The bank reported on Friday that its earnings in the final three months of last year soared by $1.3 billion, or 24%, compared to the year-ago period.