Overview

• JPMorgan Chase reported $15 billion in second-quarter net income, beating Wall Street estimates as trading revenue rose 15% to $8.9 billion.
• Investment banking fees climbed 7% to $2.5 billion, driven by a late-quarter pickup in mergers, acquisitions and debt underwriting.
• The bank raised its full-year net interest income forecast to $95.5 billion and set aside $2.85 billion for credit losses, down from $3.05 billion a year earlier.
• CEO Jamie Dimon highlighted continued U.S. economic resilience but warned that tariffs, trade uncertainty, geopolitical tensions, high fiscal deficits and elevated asset prices pose persistent risks.
• Eased Federal Reserve stress-test scenarios and anticipated regulatory relief have strengthened capital positions, enabling higher dividends and a new $50 billion share buyback plan.