JPMorgan Sets Record Quarter as Dimon Calls Markets Peak
JPMorgan Chase posted a second-quarter record profit of $21.2 billion on $57 billion in revenue, aided by a $4.6 billion net gain from Visa shares and other equity investments. Strong equity trading and underwriting helped, and the firm raised full-year net interest income guidance to $96.6 billion. CEO Jamie Dimon said the banking environment is “close to as good as it gets” amid healthy consumer activity and high market volumes, while warning that geopolitical tensions and inflation could alter the outlook. The results kickoff what analysts expect to be another strong earnings season for big banks, supported by AI-related deal activity including SpaceX and Alphabet.
