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Finance

JPMorgan Sees Bigger Than Expected Gain From First Republic Purchase

By
Michael Roddan
· · Source: The Information

JPMorgan said it will notch a bigger than expected revenue boost from its acquisition of First Republic, raising its forecast for annual net interest income by $3 billion, to $84 billion, even as the bank’s executives warned of the likelihood of a “mild recession” and the prospect of higher interest rates. Speaking at the bank’s investor day on Monday, JPMorgan Operating Chief Daniel Pinto...

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