The Financial Post reports in its Saturday edition that JPMorgan Chase & Co.'s revenue soared to a record in the second quarter, boosted, in part, by its acquisition of First Republic Bank. A Bloomberg dispatch to the Post reports that the firm's $41.3-billion (U.S.) in revenue beat expectations, fuelled by $21.8-billion (U.S.) in net interest income as well as a $2.7-billion (U.S.) gain on its First Republic purchase. It agreed in May to acquire First Republic, which was the fourth regional lender to collapse. The deal made the biggest U.S. bank even bigger. It now expects $87-billion (U.S.), excluding its trading business, up from the $84-billion (U.S.) it predicted in May. Chief executive officer Jamie Dimon said in a statement: "The U.S. economy continues to be resilient. Consumer balance sheets remain healthy, and consumers are spending, albeit a little more slowly. Labour markets have softened somewhat, but job growth remains strong." Results included a $1.2-billion (U.S.) reserve build related to First Republic. Trading and investment banking, while both down from a year earlier, came in ahead of analyst expectations, driven by beats in fixed-income trading and equity and debt underwriting.