Stock Market Today: Stocks Struggle After JPMorgan Buys First Republic

It was a choppy day for stocks as investors considered another bank failure.

person standing outside of First Republic Bank reading FDIC notice
(Image credit: Justin Sullivan/Getty Images)

Stocks were choppy to start the new month amid reports that regulators seized First Republic Bank (FRC) over the weekend and that JPMorgan Chase (JPM) will buy the majority of the embattled regional lender's operations. While the news had a positive effect on JPM's share price, not all bank stocks closed higher today. 

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.