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JP Morgan’s Q2 Profit Surges to $14.47B on Back of FRC Deal and Rising Interest Rates

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JP Morgan’s Q2 Profit Surges to $14.47B on Back of FRC Deal and Rising Interest Rates


JPMorgan’s profit jumped 67% to $14.47 billion in the second quarter of 2023, driven by rising interest rates and the buyout of the collapsed First Republic Bank in May. JPMorgan said its profit would have been up 40% year-over-year, excluding the First Republic deal. Wall Street titan JPMorgan…

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