UBS analyst Erika Najarian made no change to the firm’s Buy rating or $157 price target on JPMorgan (JPM) shares after the FDIC announced that the bank will assume all of First Republic’s (FRC) deposits and assets, out or receivership. The firm views this as a tailwind for the shares, the analyst tells investors in a research note.
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Published first on TheFly
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- First Republic put into receivership, JPMorgan assumes all deposits
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