JPMorgan Chase 2Q profits rose 67% with a boost from First Republic takeover
JPMorgan Chase & Co. said second-quarter profits rose by 67% as the nation’s largest bank made more loans to customers and took advantage of higher interest rates and its recent acquisition of First Republic. JPMorgan said Friday that it earned $14.5 billion in the three months ended June 30, compared to a profit of of $8.65 billion in the same period a year earlier. On a per share basis, the bank earned $4.75 a share. Revenue rose to $42.4 billion from $31.6 billion a year ago. The results beat Wall Street forecasts, with analysts surveyed by