JPMorgan Chase Tops Nation in Deposits
Customers add $96 billion in net deposits in last year, bringing total to $1.3 trillion, the FDIC reports.
New York, NY Oct 03, 2017 For the first time in 23 years, JPMorgan Chase & Co. led the nation in total deposits as consumers and businesses added $96 billion to their bank accounts in the last year.
"Customers continue to trust us with their money as we help them bank whenever, wherever, however they want."
Thasunda Duckett, CEO of Consumer Banking at Chase
The Firm’s U.S. deposits grew 7.9 percent to reach $1.3 trillion on June 30, 2017, according to Federal Deposit Insurance Corp. data released this week. This is the fifth consecutive year the Firm led the nation in deposit growth. Over the last five years, customers added $447 billion in deposits, a 51 percent increase.