JPMorgan bank profit jumped a whopping 67% to $14.5 billion in the second quarter of 2023, driven by rising rates and its acquisition of collapsed First Republic Bank in May. By comparison, Google and Apple saw 21% and 25% in profit. America’s #banking crisis has been incredibly profitable for JP Morgan.
https://chrisoncrypto.com/blog/f/jpmorgan-q2-profits-surge-buoyed-by-first-republic-bank-collapse/