The bank posted $45.68 billion in managed revenue and raised its full-year interest income outlook, while Jamie Dimon signaled a meaningful shift on stablecoins
JPMorgan Chase delivered its strongest quarterly profit ever, fueled by record trading revenue and a multibillion-dollar gain from its long-time Visa holdings.
The bank reported second-quarter net income of $21.2 billion, while adjusted earnings excluding one-off items totaled $16.9 billion.
Managed revenue increased 27% year over year to $58 billion, while the bank generated a 24% return on equity and maintained a 14.1% CET1 capital ratio. Average loans expanded 10%, deposits rose 7%, and credit costs totaled $2.5 billion, as operating expenses increased to $27.3 billion.
The quarter included $5.6 billion in gains from Visa shares and equity investments.
Strong performance was driven by broad-based growth across JPMorgan’s businesses.
Equities trading revenue soared 86% year-over-year to over $6 billion, lifting total trading revenue to a record $12.1 billion, while investment banking fees increased 30% to $3.28 billion, exceeding Wall Street expectations.
Consumer banking and asset and wealth management also reported higher revenue and profits, with assets under management reaching $5.1 trillion.
JPMorgan paid a $1.5 quarterly dividend, repurchased $6.2 billion of stock, and increased its full-year net interest income forecast to about $105.5 billion.
CEO Jamie Dimon said the bank benefited from a supportive market environment and disciplined execution but cautioned that risks such as geopolitical conflicts, stubborn inflation, widening fiscal deficits and high asset valuations remain.
