JPMorgan Chase, Bank of America, Citibank and Wells Fargo’s Total Assets Balloon by $681,710,000,000 in Just Three Months: S&P Global
1. US banks, including JPM, saw assets grow by $681.71 billion. 2. JPMorgan Chase reported an asset increase of $355.04 billion, 8.9% growth. 3. Moody's downgraded JPM's deposit ratings to Aa2, citing weakened government support. 4. The U.S. credit rating was downgraded from AAA to Aa1 recently. 5. The asset growth contrasts sharply with a prior 2.9% contraction.