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Highest Level of Cash in the Diversified Banks Industry Detected in Shares of Jpmorgan Chase (JPM, C, BAC, WFC, USB)

By Shiri Gupta

Below are the three companies in the Diversified Banks industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.

Jpmorgan Chase ranks highest with a CE of $734,000. Following is Citigroup Inc with a CE of $413,000. Bank Of America ranks third highest with a CE of $381,000.

Wells Fargo & Co follows with a CE of $296,000, and Us Bancorp rounds out the top five with a CE of $20,000.

SmarTrend recommended that subscribers consider buying shares of Jpmorgan Chase on September 5th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $112.46. Since that recommendation, shares of Jpmorgan Chase have risen 5.7%. We continue to monitor Jpmorgan Chase for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest level of cash JPMorgan Chase citigroup inc Bank of america wells fargo & co us bancorp

Ticker(s): JPM C BAC WFC USB