JPMorgan's First Republic takeover leads to boosted revenue and income outlook.

JPMorgan Chase has raised its net interest income target to $84 billion for this year, $3 billion higher than its previous guidance in April, following its takeover of First Republic. The bank also disclosed that expenses would rise to $84.5 billion, excluding $3.5 billion in costs to integrate First Republic. However, the bank warned that "sources of uncertainty" around deposits and the economy could impact its forecast.