The Ratings Game: Analysts cheer JPMorgan’s historic First Republic acquisition

by | May 2, 2023 | Stock Market

JPMorgan Chase & Co.’s victory in the competitive auction for First Republic Bank drew praise from analysts as a historic deal that will grow the larger bank’s wealth-management franchise. In the second-largest U.S.-brokered bank deal since Washington Mutual in 2008, JPMorgan Chase JPM announced Monday it would buy First Republic Bank FRC in what CEO Jamie Dimon described as a transaction to put an end to the regional banking blow-up that has dominated the business since early March. Unlike…

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