JPMorgan Chase & Co., the biggest U.S. bank by assets, reclaimed the No. 1 title by market value as the impact of last year’s wrong-way bet on derivatives fades and investors wager on an investment-banking rebound.
JPMorgan shares rose 1.6% this week, valuing the bank at $184.9 billion through yesterday. That eclipsed the $184.2 billion for Wells Fargo & Co., which slipped to No. 2 on Feb. 5 after being the most valuable since Oct. 28, 2011, according to data compiled by Bloomberg.