Listen to this article

JPMorgan Posts Record Net Interest Income, Boosts Forecast on Higher Rates and First Republic Bank Acquisition

10 posts • GPT (3)

Updated Oct 13, 2023, 06:18 PM

JPMorgan Chase reported another quarter of record net interest income, benefiting from higher interest rates and its acquisition of First Republic Bank. The bank's profit rose in the third quarter, driven by increased income from loans due to higher interest rates. JPMorgan's forecast for the year was also boosted as it continues to benefit from the higher rates and the First Republic Bank purchase. The bank's strong performance exceeded analysts' expectations, with both profit and revenue surpassing estimates. JPMorgan's success highlights the positive impact of rising interest rates on its business.

More breaking stories on DeepNewz — updated live.

#JPMorgan Chase #First Republic Bank #JPMorgan

Sources

Reuters Business

@ReutersBiz

Citigroup profit beats estimates on trading, investment banking; shares rise https://t.co/keLUna2jMK https://t.co/j2YOnMc46V

Reuters Business

@ReutersBiz

JPMorgan profit beats estimates on record interest income, First Republic purchase https://t.co/xwbC31Gjj5 https://t.co/JSZAYk3Fta

Digital Journal

@digitaljournal

JPMorgan Chase profits jump, warns on inflation and wars https://t.co/GueGDEySL8

Story Timeline

2 years ago•Latest version

JPMorgan Posts Record Net Interest Income, Boosts Forecast on Higher Rates and First Republic Bank Acquisition

2 years ago

JPMorgan's Q3 Profit Surges on Record Interest Income, First Republic Bank Purchase

2 years ago

JPMorgan Reports 35% Rise in Third-Quarter Profit, Surpassing Expectations Despite Inflation Warning

2 years ago•Original version

JPMorgan Chase's Earnings Report Reveals Resilience Amid Rising Interest Rates, Posts 35% Profit Rise

JPMorgan Posts Record Net Interest Income, Boosts Forecast on Higher Rates and First Republic Bank Acquisition

Sources

Story Timeline

Similar Stories