JPMorgan Posts Record $21.2 Billion Quarterly Profit, Highest in US Banking History
JPMorgan Chase reported a record $21.2 billion quarterly profit for Q2 2026, the highest ever by a US bank, driven by a 41% profit surge and 28% revenue increase to $57 billion. Results were boosted by a $4.6 billion Visa share sale and $1 billion in equity gains. CEO Jamie Dimon called the banking environment "close to as good as it gets" but warned of geopolitical tensions, inflation, and elevated asset prices. The bank raised its net interest income guidance and saw equity trading revenue jump 86%.
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JPMorgan Chase Q2 2026 Earnings Call Transcript
JPMorgan Chase released its Q2 2026 earnings results on July 14, 2026. The firm reported net income of $16.9 billion, EPS of $6.14, and an ROTCE of 23%. Revenue rose 15% year-on-year, driven by strong markets revenue, higher asset management fees, and investment banking growth. Expenses increased 15% due to volume-related costs and labor inflation. Credit costs were $2.5 billion. The Consumer & Community Banking (CCB) segment posted net income of $5.3 billion on revenue of $20.3 billion, up 8% year-on-year, supported by card NII and wealth management fees. The Corporate & Investment Bank (CIB) reported net income of $9.7 billion on revenue of $24.9 billion, up 27% year-on-year, with IB fees up 30% and equities revenue surging 86%. The board plans to increase the quarterly dividend to $1.65 per share. CEO Jamie Dimon and CFO Jeremy Barnum highlighted consumer resilience, robust deal pipelines, and strong market activity.
JPMorgan Reports Record Q2 Net Income of $21.2 Billion, CEO Dimon Says Economy Near Peak
JPMorgan Chase reported a record Q2 net income of $21.2 billion, up 41% year-over-year, crushing analyst estimates. Revenue hit a record $57.3 billion, up 28%, driven by a 45% surge in investment banking revenue and an 86% spike in equity trading revenue. CEO Jamie Dimon stated the economy is 'close to as good as it gets,' though he cautioned about uncertainty over its duration. The bank also improved its credit outlook, lowering net charge-offs and provisions for credit losses, and raised its net interest income guidance for fiscal 2026 to $105.5 billion. JPMorgan's stock rose about 7% following the earnings release.
JPMorgan Chase market cap nears $1 trillion after record profit in Q2 2026
JPMorgan Chase's stock hit a record high, bringing its market capitalization close to $1 trillion, after reporting a record second-quarter net income of $21.2 billion, the highest quarterly profit in U.S. banking history. The surge was driven by a sharp increase in stock-trading revenue and a $4.6 billion gain on its Visa stake. Excluding one-time gains, net income was $16.9 billion. Total managed revenue rose 27% year-over-year to $58.0 billion, with equity markets revenue jumping 86%. The bank raised its full-year net interest income outlook to $105.5 billion. CEO Jamie Dimon cited a favorable market environment but warned of geopolitical instability and inflation risks. JPMorgan is on track to become the first bank to join the $1 trillion market cap club, alongside tech giants like Tesla and Meta. The results were part of a broader Wall Street earnings surge, with five major banks collectively posting $49 billion in quarterly earnings.
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JPMorgan Posts Record Q2 2026 Profit, Nears $1 Trillion Valuation
JPMorgan Chase reported a record second-quarter net income of $21.2 billion in 2026, the highest quarterly profit in U.S. banking history, driven by a surge in stock-trading revenue and a $4.6 billion gain on its Visa stake. The results pushed the bank's market capitalization to approximately $919 billion, putting it within reach of becoming the first bank valued at $1 trillion. Excluding one-time gains, net income was $16.9 billion, with a return on tangible common equity of 23%. Total managed revenue rose 27% year-over-year to $58.0 billion, while equity markets revenue jumped 86% to $6.0 billion. The bank raised its full-year net interest income outlook to $105.5 billion. CEO Jamie Dimon cited a favorable market environment but warned of geopolitical instability, persistent inflation, and stretched asset valuations. The strong performance was part of a broader Wall Street surge, with five major U.S. banks collectively posting $49 billion in quarterly earnings, a 39% increase from the prior year.
JPMorgan Chase Q2 2026 Earnings: Record Profit on Trading Surge
JPMorgan Chase reported a record quarterly net income of $21.2 billion for Q2 2026, driven by a surge in stock-trading revenue and a $4.6 billion gain on its Visa stake. Total managed revenue rose 27% year-over-year to $58.0 billion, with every business line posting record revenue. Equity Markets revenue jumped 86% to $6.0 billion, and investment banking fees rose 30% to $3.3 billion. The bank raised its full-year net interest income outlook to $105.5 billion. CEO Jamie Dimon cited favorable market conditions, AI-related spending, and fiscal stimulus as tailwinds, but warned of geopolitical instability, persistent inflation, and stretched asset valuations. Shares fell over 2% in premarket trading.
JPMorgan posts record quarterly profit; CEO Dimon says banking environment 'close to as good as it gets'
JPMorgan Chase reported a record quarterly profit of $21.2 billion for Q2 2026, a 41% increase year-over-year, far exceeding analyst expectations of $5.64 per share with actual earnings of $7.70 per share. Total net revenue rose 28% to $57 billion. The results were boosted by a $4.6 billion gain from selling Visa shares and $1 billion in equity investment gains, but even excluding these one-time items, net income of $16.9 billion beat estimates. CEO Jamie Dimon described the banking environment as 'close to as good as it gets,' citing healthy, active markets with high prices and volumes, but warned of risks including geopolitical tensions, wars, sticky inflation, and elevated asset prices. The bank's equity trading revenue jumped 86% to a record $6 billion, driven by AI-related deals including SpaceX's IPO and Alphabet's stock sale. JPMorgan also raised its full-year net interest income guidance by $1.5 billion to $96.6 billion, and noted consumers remain resilient with lower expected credit card write-offs.
JPMorgan Posts Record $21.2 Billion Quarterly Profit, Highest in US Banking History
JPMorgan Chase reported a record quarterly profit of $21.2 billion for Q2 2026, the highest ever for a US bank, driven by a 41% profit surge and 28% revenue increase to $57 billion. The results far exceeded analyst expectations of $5.64 per share, coming in at $7.70 per share. CEO Jamie Dimon attributed the performance to a favorable market environment, AI-driven capital investment, fiscal stimulus, and deregulation, while warning of risks including geopolitical tensions, sticky inflation, and elevated asset prices. The bank benefited from a $4.6 billion net gain on Visa shares and $1 billion in equity investment gains. Even excluding these one-time items, net income of $16.9 billion beat expectations. The report kicks off what analysts expect to be a strong earnings season for major US banks, with Bank of America, Citigroup, Wells Fargo, and Goldman Sachs also reporting.
JPMorgan posts record quarterly profit of $21.2 billion, highest in US banking history
JPMorgan Chase reported a record quarterly profit of $21.2 billion for Q2 2026, the highest ever by a US bank, driven by a 41% profit surge and 28% revenue increase to $57 billion. The results were boosted by a $4.6 billion gain from selling Visa shares and $1 billion in equity investment gains. Even excluding one-time items, net income of $16.9 billion beat analyst expectations of $5.64 per share. CEO Jamie Dimon described the environment as 'as good as it gets' but warned of risks including geopolitical tensions, inflation, and high asset prices. The bank's equity trading revenue jumped 86% to a record $6 billion, fueled by AI-related deals including SpaceX's IPO and Alphabet's stock sale. Consumer health remained strong with card sales up 10% and lower loan write-off projections. JPMorgan raised its full-year net interest income guidance to $96.6 billion.