JPMorgan Chase
Rank: 32
Profits ($millions): $15,365
Change from 2006: 6.4%
Ticker: JPM
The bank posted record earnings of $15.4 billion in 2007 by steering away from collateralized debt obligations - the securities that have windswept earnings in the financial industry.
A $29 billion guarantee from the Federal Reserve helped the bank acquire troubled Bear Stearns.
Profits ($millions): $15,365
Change from 2006: 6.4%
Ticker: JPM
The bank posted record earnings of $15.4 billion in 2007 by steering away from collateralized debt obligations - the securities that have windswept earnings in the financial industry.
A $29 billion guarantee from the Federal Reserve helped the bank acquire troubled Bear Stearns.
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