JPMorgan Chase on track to become world's first bank with a $1 trillion valuation

JPMorgan Chase could become the world's first bank to touch the market valuation of $1 trillion.The lender's shares surged to a record high after it reported the highest quarterly profit ever posted by a US bank, lifting its market capitalisation to around $919 billion. With dealmaking activity expected to remain strong through the rest of 2026, analysts say the bank is within striking distance of the $1 trillion milestone, as reported by Reuters.If achieved, Jamie Dimon-led JPMorgan would become the first bank to join the exclusive club of trillion-dollar companies, alongside technology giants such as Tesla, Meta and Broadcom.The bank has widened its lead over rivals by combining a balance sheet larger than its peers with strong performances across investment banking, trading, consumer banking and lending.