Polo Rocha from American Banker delves into the in-depth analysis conducted by CPG’s Shama Patel and Trevor Fox on the best-performing banks with assets above $50 billion.
The large and regional banks that outperformed their peers last year each have their own secret sauce — a carved-out niche, well-timed investments or strong management teams. Just don’t look at their stock price.
As of early July, only two banks on American Banker’s annual ranking of larger, top-performing institutions had their stock prices in the green this year. One was JPMorgan Chase, the largest bank in the country. (The second was Ally Financial, whose stock has recovered somewhat after a large plunge last year.)
JPMorgan’s position is no surprise, given the dominance it showed when depositors at regional banks fled to it seeking safety during the crisis earlier this year. It also swooped to the rescue this spring by purchasing First Republic Bank after it failed.
Others on American Banker’s list of top 10 performers with at least $50 billion in assets have faced rockier times.
