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JPM agreed to undertake $173B of the failed bank’s loans, $30B of securities, and $92B of deposits after the First Republic Bank was taken over by regulators.
While JPMorgan still expects its return on tangible common equity to be 17%, it now said it expects full-year NII to be $84B, up from the prior forecast of $81B.
The bank is set to update investors today on its takeover of First Republic as it prepares to hold its Investor Day event in New York.
Shares are up 0.2% in premarket Monday.
