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JPMorgan Reports Record Net Interest Income, Raises Forecast on Higher Interest Rates and First Republic Bank Purchase

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Updated Oct 15, 2023, 10:16 AM

JPMorgan Chase has posted 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, boosted by increased income from loans due to higher interest rates. JPMorgan's forecast for the year has been raised as it continues to benefit from these factors. The third-quarter profit rose 35%, surpassing analysts' expectations. The strong performance of JPMorgan, along with Citigroup and Wells Fargo, demonstrates the resilience of the largest banks despite challenges faced by smaller rivals in the industry.

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#JPMorgan Chase #First Republic Bank #JPMorgan #Citigroup #Wells Fargo

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Yahoo Finance

@YahooFinance

Profits for JPMorgan Chase ($JPM), Citigroup ($C) and Wells Fargo ($WFC) rose in the third quarter, a show of strength by the largest banks despite headwinds faced by many of their smaller rivals this year.

Reuters Business

@ReutersBiz

JPMorgan profit beats estimates on record interest income, First Republic purchase

CNBC

@CNBC

JPMorgan topped analysts’ expectations for both profit and revenue in the third quarter. @LesliePicker has the numbers.

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2 years ago•Latest version

JPMorgan Reports Record Net Interest Income, Raises Forecast on Higher Interest Rates and First Republic Bank Purchase

2 years ago

JPMorgan Reports Record Net Interest Income, Boosts Forecast on Higher Interest Rates

2 years ago•Original version

JPMorgan Reports Record Net Interest Income, Boosts Forecast on Higher Interest Rates

JPMorgan Reports Record Net Interest Income, Raises Forecast on Higher Interest Rates and First Republic Bank Purchase

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