In case there were any lingering doubts that JPMorgan Chase Chief Executive Jamie Dimon had emerged from the credit crisis on top of the U.S. banking heap, more proof came on June 2 when Ken Thompson, CEO of rival Wachovia, was ousted. Two days later, JPMorgan's market value surpassed Bank of America's, the first time it has been in the No. l spot since June, 2001. Not long ago banks jockeyed for the title of biggest, with Citigroup and Bank of America trading places on any given day. Now it's all about strength.
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