The bank’s equities trading revenue jumped 86% as market volatility and strong deal activity drove quarterly earnings above estimates.
JPMorgan Chase reported a second-quarter profit of $16.9 billion, surpassing analyst expectations as revenue across all business lines reached record levels. Earnings per share rose to $6.14, up from $5.24 a year earlier, while managed revenue totaled $58 billion, beating FactSet estimates.
The bank’s markets division saw a 35% revenue increase, with equities trading revenue soaring 86% amid heightened volatility. Investment banking revenue climbed 30%, the highest since 2021, fueled by robust mergers and acquisitions and IPO activity.
Analysts project continued strength in dealmaking and IPOs through 2026, supporting the bank’s outlook.