JPMorgan Stocks Soar as they Triumph in First Republic Auction – A Victory for Shareholders!
JPMorgan Chase recently won the auction to acquire First Republic Bank, causing the bank’s shares to rise 3% in early premarket trade. JPMorgan has stated that it expects the deal to be modestly earnings per share accretive, generating over $500 million of incremental net income per year, excluding a $2.6 billion one-time gain and an […]