JPMorgan's First Republic takeover boosts revenue and income outlook.
TL;DR Summary
JPMorgan has raised its income outlook following its acquisition of First Republic Bank's wealth management business. The deal is expected to add $1.5bn in annual revenue and boost JPMorgan's position in the wealth management sector.
- JPMorgan raises income outlook following First Republic deal Financial Times
- JPMorgan Chase raises key revenue target to $84 billion after First Republic takeover CNBC
- JPMorgan’s Succession Plans for Jamie Dimon May Weigh on Investors The New York Times
- JPMorgan sees $3 bln net interest income boost from First Republic deal Reuters
- JPMorgan raises revenue forecast amid First Republic takeover Yahoo Finance
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