The stock of Dallas regional bank First Foundation plummeted following a $228 million infusion, the latest reminder that commercial real estate challenges for some regional lenders are far from over.
The nation's largest bank boosted expectations for a key revenue source in 2024 due partly to fewer rate cuts expected from the Federal Reserve.
An exchange of shares in Visa provides JPMorgan an unrealized gain of $8 billion, giving the nation's largest bank a shot to once again out-earn rivals during the second quarter.