This $1.1 Trillion Industry Will End Up Like Retail … Which Brings Huge Investment Opportunities
by MR Magazine Staff
May 28, 2019
Banks have grown very, very rich in the last 30 years—thanks to their privileged monopoly position. JPMorgan Chase (JPM), America’s largest bank, has grown profits by 2,000%+ in the last 30 years. Bank of America (BAC), the second-largest American bank, has seen its profits surge 4,700%. JP Morgan Chase and Bank of America are the 10th- and 13th-biggest public companies not just in the US, but on earth. And as we all know, bankers enjoy some of the biggest salaries around. In 2017, the top five US bank CEOs earned a combined $100 million. Read more at Forbes.