JPMorgan Chase Acquires Majority of First Republic Assets, Including All Deposits

JPMorgan Chase acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation. As part of the purchase, JPMorgan Chase is assuming all insured and uninsured deposits. read more

MAY 1, 2023 - 7:13 am

Biz Roundtable Redefines a Corporation’s Purpose to Benefit All Stakeholders

Business Roundtable released a new Statement on the Purpose of a Corporation signed by 181 CEOs who commit to lead their companies for the benefit of all stakeholders – customers, employees, suppliers, communities and shareholders. read more

AUG 20, 2019 - 6:25 am

JPMorgan Reports Record Q2 Earnings, Exceeds Expectation

JPMorgan Chase reported record Q2/18 earnings of $8.3 billion, up $1.3 billion or 18% from Q2/17. CEO Jamie Dimon attributed the bank’s performance to “good global economic growth, particularly in the U.S, where consumer and business sentiment is high.” read more

JUL 13, 2018 - 3:06 pm

JPMorgan Beats Estimates Despite Tax Act Charge

JPMorgan Chase reported Q4/17 earnings of $4.23 billion were down 37% from $6.73 billion a year earlier. The bank noted the decrease included $2.4 billion of estimated net impact of the Tax Cuts and Jobs Act. read more

JAN 15, 2018 - 6:54 am

JPMorgan Q1 Earnings Increase on Higher Revenue, Lower Provisioning

JPMorgan Chase reported Q1/17 net income of $6.45 billion, up 17% from $5.52 billion a year earlier. The bank noted revenue was up $1.5 billion and provision charges were down 28% helped by oil and gas releases. read more

APR 14, 2017 - 6:54 am

JPMorgan CEO Comments on Difficulty Dealing with Regulators

Bloomberg reported that JPMorgan Chase CEO Jamie Dimon, while on a call with analysts, said overlapping efforts by U.S. regulators place banks “under assault.” read more

JAN 16, 2015 - 12:08 am