JPMorgan Chase’s second-quarter profit soared 67% to $14.5 billion, driven by higher interest rates levied on borrowers and a boost in earnings from its acquisition of First Republic Bank. The nation’s largest bank boosted its full-year net interest income target by 3.6% to $87 billion. JPMorgan was a beneficiary of the banking crisis earlier this year, as customers fleeing smaller...
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Creator Economy startups
Beehiiv’s Deal for an Ad Tech Startup Shows Strains on Founders
Let’s kick off this week with some creator economy M&A news. Beehiiv, a newsletter publishing startup, is acquiring Swapstack, an advertising marketplace for newsletters, Beehiiv’s CEO Tyler Denk confirmed to me. Beehiiv is acquiring the smaller firm’s tech and relationships with advertisers. Swapstack co-founder and CEO Jake Schonberger and a Swapstack account manager will join nearly...
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