Overview

• JPMorgan Chase posted $15 billion in second-quarter net income, or $4.96 per share, topping forecasts on strong trading and regained dealmaking momentum.
• Citigroup delivered $4.02 billion in net income, or $1.96 per share, led by a 16 percent jump in markets revenue and a 13 percent rise in investment banking fees.
• Banks overall saw double-digit trading revenue gains as volatility from spring tariff measures fueled client activity across fixed-income and equities desks.
• JPMorgan lifted its full-year net interest income guidance by about $1 billion to roughly $95.5 billion, reflecting stronger loan yields and deposit spreads.
• Bank executives cautioned that ongoing trade policy shifts, geopolitical tensions, elevated asset prices and high fiscal deficits pose significant risks to the economic outlook.