Here's an arresting statement from a Portfolio article: "Goldman Sachs is no longer the Goldman Sachs of the financial world. JPMorgan Chase is." The essay is all about how in this new era, Goldman "used to be special. Now, Goldman is merely a far smaller bank than JPMorgan. Sure, their results beat analyst expectations by nearly double in April." But look at the top line growth, 13 percent for Goldman, nearly 50 percent for JPMorgan.

The author, himself a former Goldman employee, also notes JPMorgan's investment bank topped the "league tables" in key capital-raising categories. "While Goldman Sachs claimed to have won the mergers and acquisitions footrace, they had to perform a sleight of hand to get there, changing the criteria from deals that were announced during the quarter to deals that were actually completed." The author is writing a book on Jamie Dimon, which sounds like it will be glowing. 

For more:
- here's the article

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