JPMorgan Chase’s second-quarter profit rose 67%, and revenue increased 34%. JPMorgan said First Republic, the failed bank it acquired in May, boosted several segments and provided a $2.7 billion gain but also led to $1.2 billion in credit costs.
JPMorgan Chase’s second-quarter profit rose 67%, and revenue increased 34%. JPMorgan said First Republic, the failed bank it acquired in May, boosted several segments and provided a $2.7 billion gain but also led to $1.2 billion in credit costs.