Market Movers rounded up the best reactions from investors and analysts on JPMorgan Chase ‘s stock movement. The experts, including Jim Cramer , discussed how the bank, already the nation’s largest by several measures, acquired most of troubled First Republic Bank’s assets in a weekend auction. Prior to the market’s open on Monday, regulators took possession of First Republic , resulting in the third failure of an American bank since March. JPMorgan shares finished the trading day up 2.1%.
Source link: https://www.cnbc.com/2023/05/01/jpmorgan-acquires-first-republic-heres-what-the-experts-say.html