Financial consulting firm Treasury Strategies, Inc. released this week a survey of the top cash management agents used in investing U.S. corporate cash, ranking JP Morgan at the top of the list.
After interviewing 663 large corporate and middle-market treasury departments, Treasury Strategies determined the top institutions for corporate liquidity – cash and short-term investments with maturities of three years or less. Ranked by percentage of money invested, JP Morgan ranked number 1, and ranked number 2 in percent of companies using its services. Bank of America also scored well, ranking first in companies using it and second in percent of money invested.