WASHINGTON (AP) 鈥� JPMorgan Chase said Tuesday that it logged $16.9 billion in second-quarter profit as its equities trading division again took advantage of market volatility triggered by the .
The nation’s largest bank by asset size, JPMorgan said that revenue in every line of its business hit record levels in the quarter, including its markets division, where revenue grew 35% over the same period last year. Revenue in its equity markets division skyrocketed 86%.
JPMorgan earned $6.14 per share in the period, beating analyst estimates of $5.59 per share and 2025’s $5.24. Managed revenue came in at $58 billion, also topping the estimates of analysts surveyed by FactSet.
CEO Jamie Dimon said that revenue from the New York bank’s investment banking division rose 30%, accelerating to the highest level since 2021 as the thirst for initial public offerings and mergers and acquisitions remained strong.
Investment research analysts are forecasting that both merger and acquisitions and IPOs to continue at a blistering pace through 2026.
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