Tag: $JPMorgan Chase

The bank said first-quarter profit rose 6% to $13.42 billion, or $4.44 per share, from a year earlier, boosted by its takeover last year of First Republic during the regional banking crisis.

The bank said quarterly earnings slipped 15% to $9.31 billion, or $3.04 per share, from a year earlier.

Profit at JPMorgan climbed 35%—or 24% excluding First Republic— to $13.2 billion.

JPMorgan Chase (JPM) is turning to a top former Silicon Valley Bank executive for help lending to startups.

JPMorgan Chase & Co’s net interest income would rise by $3 billion this year due to its purchase of failed First Republic Bank, according to a presentation published ahead of its investor day on Monday.