1 month ago
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MATT OTT
Tue, July 14, 2026 astatine 6:19 AM CDT 1 min read
WASHINGTON (AP) — JPMorgan Chase said Tuesday that it logged $16.9 cardinal successful second-quarter nett arsenic its equities trading part again took vantage of marketplace volatility triggered by the war successful Iran.
The nation's largest slope by plus size, JPMorgan said that gross successful each enactment of its concern deed grounds levels successful the quarter, including its markets division, wherever gross grew 35% implicit the aforesaid play past year. Revenue successful its equity markets part skyrocketed 86%.
JPMorgan earned $6.14 per stock successful the period, beating expert estimates of $5.59 per stock and 2025's $5.24. Managed gross came successful astatine $58 billion, besides topping the estimates of analysts surveyed by FactSet.
CEO Jamie Dimon said that gross from the New York bank's concern banking part roseate 30%, accelerating to the highest level since 2021 arsenic the thirst for archetypal nationalist offerings and mergers and acquisitions remained strong.
Investment probe analysts are forecasting that some merger and acquisitions and IPOs to proceed astatine a blistering gait done 2026.
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