JPM a Big Bank Earnings Winner, Boeing Shares Slide, Weak Retail Sales 4/14/23
Squawk on the Street
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JP Morgan's Credit Crunch
JP Morgan was the biggest single beneficiary of what happened in March. They retain 50 billion of deposit inflows from that trend we saw at the beginning of March where a lot of outflows from other banks benefited JP Morgan. Almost all the banks, by the way, just people know, have a book value that is not nearly as high as their stock price.
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