JPMorgan’s $7.70 EPS and $57.35 billion revenue beat estimates, driving sector-wide gains ahead of Morgan Stanley and Wells Fargo reports.
JPMorgan kicked off Q2 2026 earnings with a $7.70 diluted EPS, topping the $5.80 estimate, and $57.35 billion in revenue. A $4.6 billion Visa share exchange gain and a 27% rise in Commercial & Investment Bank revenue fueled the beat. Investment banking fees surged 30% to their highest since 2021, while Markets revenue climbed 35%.
Goldman Sachs followed with a 44% EPS beat, reporting $20.98 versus $14.54 expected. Global Banking & Markets revenue jumped 53% to $15.52 billion, led by a 130% surge in Equity Underwriting. JPMorgan also announced a $50 billion buyback, signaling confidence in capital markets and consumer credit stability.
The results set a high bar for Morgan Stanley and Wells Fargo, which report later this week. Trading strength and reopened capital markets are key themes driving peer stocks higher.