JPMorgan Is Now Worth More Than Three Largest Rivals Combined

JPMorgan Chase & Co. keeps putting more distance between itself and key rivals.

The first half saw the bank’s market value surpass that of its three largest competitors — BofA, Citigroup and Wells Fargo — combined. It racked up $30 billion of profit in that period, more than double its closest rival, and widened its lead over Goldman Sachs Group Inc. and Morgan Stanley in investment-banking revenue.

In recent years, Wells Fargo & Co. has been stuck under an asset cap, Citigroup Inc. has been undergoing a painful overhaul and Bank of America Corp. has been dragged down by a ...