Sorry, Wells Fargo. JPMorgan Chase is king of banks

Jamie Dimon: Political environment is ‘terrible’

Forgive the Frozen reference. But for the first time in forever, JPMorgan Chase’s earnings were overshadowed by another bank’s results. Scandal-ridden Wells Fargo, which is also posting its latest results, was the main story in the world of finance Friday.

But there’s no crisis at JPMorgan Chase (JPM). The nation’s most valuable bank reported earnings and revenue for the third quarter that easily topped forecasts on Friday, sending the stock higher in early trading.

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