Originally Posted by
Happy
The Investment banking and Commercial banking, together they are bigger than the Consumer banking in JP Morgan's business model.
In house Trading of Equities and Fixed Income contribute a significant amount of earnings.
The latest quarter just reported, Net Income was $7 Billions.
In comparison, the consumer and community banking unit, JPMorgan's largest business division that operates Chase Bank, reported $11.4 billion in revenue, flat from a year ago.
The unit's net income was $2.2 billion
So, Chase bank's Net Income which is from all activities including business loans, mortgages, credit cards, etc etc, is 28% of the Total Net Income. I dont bother to dig up the number from CC out of the $2.2 billion. Needless to say, it contributes far less than the investment banking and trading activities. That is where the top tier banks make the bulk of their profit.
Another apple and orange. I focus on annual data while you pick on a quarter.
This is why we can never in agreement on this.
Originally Posted by
Happy
What say you?
CSP is not a bad card. IMO, CSP has been a better card over CSR.
CSR is attractive merely on the 100K bonus.