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How JPMorgan Is Ripping Away Main Street From Regional Banks
JPMorgan Chase just reported another monster quarter, and the story isn't about investment banking — it's about how the bank is systematically dismantling the regional bank franchise. In early 2026, JPMorgan opened over 200 new branches in markets traditionally dominated by regional players like Fifth Third and Huntington. Combined with their dominant credit card portfolio and massive tech spend, they've created a cost advantage that smaller banks simply can't match. Lucas breaks down the math: JPMorgan's efficiency ratio is below 60 percent while most regionals are…
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