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Topline
The U.S.’ largest bank grew even bigger Monday after JPMorgan Chase acquired most holdings of the failed regional bank First Republic, sending JPMorgan’s stock soaring—though the company’s billionaire CEO claimed just last month the bank would not benefit from the turmoil among its smaller peers.
Key Facts
Shares of JPMorgan rose about 4% in early Monday trading, on pace for its second-largest daily jump since October 2022.
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