How JPMorgan’s Cash Call Beat Bank of America

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During the Covid-19 pandemic, JPMorgan Chase & Co. kept extra cash in money markets or at the Fed, while Bank of America Corp. invested in bonds. JPMorgan's strategy turned out to be more lucrative as interest rates are set to fall four years later.

https://www.bloomberg.com/opinion/articles/2024-04-22/how-jpmorgan-s-cash-call-beat-bank-of-america