Out of curiosity, I did some simply analysis comparing whether Canadians banks are actually doing better by looking at the 2003 and 2011 financials of JPMorgan and RBC, and here is my result,
RBC
2003 Revenue 17.0, net income 3.0, asset 413, tier 1 capital 9.7%
2011 Revenue 27.4, net income 4.9, asset 752, tier 1 capital 13.3%
JPM
2003 Revenue 27.3, net income 1.7, asset 693, tier 1 capital 8.3%
2011 Revenue 97.2, net income 19.0, asset 2266, tier 1 capital 12.3%
Who is doing better? Let's see.
during the 2003-2011 period, JPMorgan's revenue, net income and asset increases by 192%, 182% and 194%, for RBC, it was 62%, 60% and 82%;
in terms of profitability, JPM's net margin is stable at about 18%, and RBC stable also at about 20%.
RBC's tier one capital ratio is been about 1% higher than JPM in both years.
Do we say RBC is "strong" relative to JPMorgan? The latter, being a much larger bank, grew much faster. In 2003, JPMorgan was only twice as big as RBC, in 2011, it is 3.5 times the size.