(Bloomberg) -- JPMorgan Chase & Co. agreed to take a 49% stake in Greek payments firm Viva Wallet, the latest in the bank’s streak of acquisitions and investments as it seeks to stay ahead of the competition. Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapU.S. Futures Fall as Stocks Mixed on Fed, Earnings: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateHong Kong Billionaire Loses Half Her Fortune on China ProbeNasdaq Days Like This
The Bureau of Labor Statistics' recently published consumer price index (CPI) report showed that inflation rose 7% from 2020, its highest jump since 1982. With that in mind, a panel of Motley Fool contributors has identified three stocks that can help you thrive through inflation. Read on to see why they think Procter & Gamble (NYSE: PG), JPMorgan Chase (NYSE: JPM), and Broadcom (NASDAQ: AVGO) are top buys right now.
JPMorgan said on Tuesday it had agreed to acquire an around 49% stake in Athens-based payments fintech Viva Wallet, subject to regulatory approvals. Financial terms of the transaction were not disclosed, but sources close to the deal told Reuters Viva Wallet was valued at more than $2.0 billion. JPMorgan's investment will top $1.15 billion, including a capital increase in Viva Wallet which will not dilute its founders' majority stake of 51.5%, said the sources, who declined to be named.