JPMorgan Chase & Co Acquires Substantial Majority of Assets and Assumes Certain Liabilities of First Republic Bank Call Transcript

Jan 23, 2024

May 01, 2023 / 12:30PM GMT
Operator

Good morning, ladies and gentlemen. Welcome to the JPMorgan Chase's conference call. This call is being recorded. Your line will be muted for the duration of the call. We will now go to the live presentation, please standby.

At this time, I would like to turn the call over to JPMorgan Chase's Chairman and CEO, Jamie Dimon; and Chief Financial Officer, Jeremy Barnum. Mr. Barnum, please go ahead.

Jeremy Barnum - JPMorgan Chase & Co. - Executive VP & CFO

Thanks, operator. Good morning, everyone. The presentation is available on our website, and please refer to the disclaimer in the back. And thank you for joining. On this morning's call, we will cover the transaction we closed overnight for assets and liabilities of First Republic Bank. I'll keep my prepared remarks relatively brief so we can get to questions right away.

Starting on Page 1. We always talk about how our fortress balance sheet and consistent operating model allows us to invest through cycles. The overwhelming majority of these investments are organic initiatives, you will

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