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JPMorgan notches record $41 billion in revenue on interest rates, purchase of First Republic

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JPMorgan revenue soared to a record in the second quarter, boosted interest\u002Drate hikes and its acquisition of First Republic Bank. Read on.

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Shares of JPMorgan rose in early New York trading after the New York-based company raised its full-year guidance for net interest income. The bank now expects US$87 billion, excluding its trading business, up from the US$84 billion it predicted at its investor day in May.

 

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JPMorgan notches record $41 billion in revenue on interest rates, purchase of First RepublicJPMorgan revenue soared to a record in the second quarter, boosted interest\u002Drate hikes and its acquisition of First Republic Bank. Read on.
Source: financialpost - 🏆 7. / 85 Read more »