JPMorgan Chase posts record Q2 profit on trading, banking

JPMorgan Chase reported record second-quarter profits on Tuesday, July 14, 2026, driven by a surge in trading revenue and a revival in investment banking activity. The largest U.S. lender posted net income of $21.2 billion, or $7.70 per share, for the three months ended June 30, compared with $14.99 billion, or $5.24 per share, a year earlier. Revenue rose 27% year-over-year to $58 billion.

The results were powered by exceptional performance in the bank's markets and investment banking divisions. Equity trading revenue nearly doubled, soaring 86% to $6 billion, while fixed-income trading revenue increased 6%. Combined markets revenue reached $12.1 billion. Investment banking fees jumped 30% to $3.3 billion, the highest level since 2021, with strength across advisory and underwriting services.

CEO Jamie Dimon attributed the results to a favorable environment with elevated market activity and rigorous execution. He said the U.S. economy has demonstrated notable resiliency, supported by tailwinds including AI-driven capital investment, fiscal stimulus, and more efficient regulation. The bank also revised its full-year net interest income outlook upward to roughly $105.5 billion.