WASHINGTON – JPMorgan Chase reported a second-quarter profit of $16.9 billion on Tuesday, as its equities trading business once again benefited from market swings tied to the war in Iran.
The nation’s biggest bank by assets said revenue reached record highs across all of its business lines during the quarter. Its markets division was a standout, with revenue climbing 35% from a year earlier, while equity markets revenue surged 86%.
JPMorgan posted earnings of $6.14 per share, ahead of analysts’ expectations of $5.59 per share and above 2025’s $5.24. Managed revenue totaled $58 billion, also exceeding forecasts from analysts polled by FactSet.
CEO Jamie Dimon said the New York-based bank’s investment banking revenue rose 30%, reaching its strongest level since 2021 as demand for initial public offerings, mergers and acquisitions remained robust.
Investment research analysts expect both mergers and acquisitions and IPO activity to continue moving at a rapid pace through 2026.
