JPMorgan Chase Nears $1 Trillion as Wall Street’s Largest Bank Rewrites the Valuation Playbook

JPMorgan Chase closed Friday with a market value of $965 billion, placing the Jamie Dimon-led institution within roughly $35 billion of becoming the first bank in history to reach a $1 trillion market capitalization. Wells Fargo analyst Mike Mayo raised his price target to $390 and projected JPMorgan Chase could reach $2 trillion within seven …