In the turbulent year of 2023, JPMorgan Chase captured nearly one-fifth of the total profits of the US banking industry in the first nine months, becoming more dominant in the US financial industry. According to industry tracking firm BankRegData, JPMorgan Chase's banking business in the United States achieved a profit of $38.9 billion, accounting for approximately 18% of the total profit of the US banking industry. JPMorgan Chase's profits during the same period also exceeded the combined profits of its four major competitors, Bank of America and Citigroup.