JPMorgan Chase Sucked Up 18 Percent of All Profits of 4,568 FDIC-Insured Banks in the First Quarter

Last Wednesday, the Federal Deposit Insurance Corporation (FDIC) released its quarterly banking profile for the quarter ending March 31, 2024. A key piece of data released at that time was the net income (net profits) for all 4,568 FDIC-insured banks in the United States. That tally came in at $64.2 billion.