May 22, 2023
JPMorgan sees $3 billion net interest income boost from First Republic deal
NEW YORK, May 22 (Reuters) – JPMorgan Chase & Co’s (JPM.N) net interest income will rise $3 billion as it brings in more interest payments from its purchase of failed First Republic Bank this year, executives told investors on Monday. The largest US lender expects its net interest income to rise to $84 billion from higher interest payments in 2023, increasing an earlier forecast of $81 billion,…
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