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

By Nick Russo

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 its subscribers protect gains by selling shares of Us Bancorp on August 5th, 2019 by issuing a Downtrend alert when the shares were trading at $53.56. Since that call, shares of Us Bancorp have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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

Ticker(s): JPM C BAC WFC USB