JPMorgan Chase Shows Why It's the Best-Run Bank in the U.S.
JPMorgan Chase (NYSE: JPM) is a well-run bank that displayed incredible foresight in the last few years. In 2021, the bank began stockpiling cash to prepare for a higher interest rate environment. Its fiscal prudence put it in an excellent position to acquire First Republic Bank on favorable terms when federal regulators seized the bank earlier this year.
All that foresight and strong management paid off in the second quarter as JPMorgan's revenue and net income surged thanks to higher interest rates and its acquisition of First Republic.
Here's how the bank positioned itself perfectly to benefit from today's economy.
Source Fool.com
JPMorgan Chase & Co. Stock
€196.08
0.280%
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