JP Morgan Chase & Co. JPM raised its net interest income guidance on Monday by $3 billion to reflect the bump it will get from its takeover of First Republic Bank. The bank is now expecting its 2023 net interest income to come to $84 billion, up from $81 billion forecast in April. It offered the guidance at an investor day. The stock was slightly higher premarket and has gained 3.8% in the year to date, while the S&P 500 SPX has gained 9%.
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