JPMorgan Chase Q2 2026 earnings: record profit on trading surge

JPMorgan Chase reported second-quarter nett income of $21.2 billion, oregon $7.70 per share, the highest quarterly nett successful the bank's history, driven by a surge successful stock-trading gross and a $4.6 cardinal summation connected its Visa Inc. stake.

Excluding those gains and $1.0 cardinal successful gains connected definite equity investments, nett income was $16.9 billion, oregon $6.14 per share, with a instrumentality connected tangible communal equity of 23%, the institution said. Total managed gross roseate 27% from a twelvemonth earlier to $58.0 billion, with each enactment of concern posting grounds revenue.

Equity Markets gross jumped 86% twelvemonth implicit twelvemonth to $6.0 billion; combined with a 6% summation successful Fixed Income, full Markets gross reached $12.1 cardinal for the quarter, according to Bloomberg, topping the bank's anterior quarterly trading grounds established astatine the commencement of 2026. Investment banking fees jumped 30% to $3.3 billion, the highest level since 2021, driven by spot crossed each products, with equity underwriting fees lasting out.

Consumer and Community Banking gross grew 8% to $20.3 billion, portion the Asset and Wealth Management part posted gross of $6.9 billion, up 19%, with assets nether absorption reaching $5.1 trillion. The slope said astir 44,000 first-time investors successful its wealthiness absorption concern acceptable a caller grounds successful the quarter.

JPMorgan besides revised its full-year nett involvement income outlook upward to astir $105.5 billion, compared with the $103 cardinal guidance the slope had issued 3 months earlier, according to Bloomberg. For the quarter, nett involvement income came successful astatine $25.6 billion, up 10%.

Chairman and CEO Jamie Dimon said successful a connection that the results reflected "a peculiarly favorable situation with an elevated level of marketplace activity, arsenic good arsenic rigorous execution." He cited AI-related superior expenditure and authorities fiscal stimulus arsenic tailwinds that person translated into broader concern business and occupation creation, and characterized the U.S. system arsenic displaying "notable resiliency."

At the aforesaid time, Dimon flagged an array of threats — among them geopolitical instability, persistent inflation, swelling sovereign indebtedness loads, and stretched plus valuations — informing they were "shifting beneath the aboveground similar tectonic plates," and said JPMorgan was positioning itself for a wide spectrum of outcomes.

Shares of JPMorgan were down much than 2% successful Tuesday premarket trading.