If shareholders didn’t like JPMorgan’s move to acquire parts of First Republic, why did Dimon do it? Is it part of a long-term strategy to get additional market share and strength, or did Dimon do it solely because he was afraid of a larger banking crisis if he didn’t? It seems like there are true assets acquired, but is everyone convinced now that those assets are going to plummet in value?
If shareholders didn’t like JPMorgan’s move to acquire parts of First Republic, why did Dimon do it? Is it part of a long-term strategy to get additional market share and strength, or did Dimon do it solely because he was afraid of a larger banking crisis if he didn’t? It seems like there are true assets acquired, but is everyone convinced now that those assets are going to plummet in value?