JPMorgan Chase expects to see its net interest income rise by $3bn after acquiring First Republic Bank, which was closed by regulators earlier this year. The bank now predicts its net interest income will increase to $84bn by 2023, up from a previous estimate of $81bn. The acquisition will also add $3.5 billion in integration costs to its expenses this year. JP Morgan is optimistic but warned of sources of uncertainty and challenges resulting from rising interest rates, inflation and the erosion of savings buffers by consumers. It also plans to modestly increase its number of branches.