JPMorgan Chase posts record Q2 earnings
By Iain Gilbert
Date: Tuesday 14 Jul 2026
(Sharecast News) - US banking giant JPMorgan Chase posted record second‑quarter earnings on Tuesday, lifted by a sharp rebound in big‑ticket IPOs and dealmaking, alongside stronger trading performance in volatile markets.
JPMorgan said revenues rose across all business units, with investment‑banking fees reaching their highest level since 2021, with the rebound driven in part by a surge in US IPO activity, led by SpaceX's landmark listing, where the bank acted as one of the lead underwriters.
Quarterly profits rose to $21.2bn, or $7.70 per share, up from $14.99bn a year earlier, helped by a $4.6bn gain tied to the bank's stake in Visa. Markets revenue jumped 35% year‑on‑year, while equity‑trading revenue was up 86% and fixed‑income trading was 6% higher.
Net interest income excluding markets rose 4% to $23.7bn, with average loans up 10%, and JPMorgan also lifted its FY26 interest‑income forecast to $96.5bn, from $95bn.
Investment banking fees climbed 30% on the year, above the bank's earlier estimate. JPMorgan worked on several major transactions during the quarter, including advising on NextEra Energy's $67bn merger with Dominion Energy and acting as lead active bookrunner on Alphabet's $85bn equity offering. The recovery in investment banking also coincided with elevated market volatility.
However, shares traded lower in pre‑market action after JPMorgan raised its FY26 expense forecast to $107.5bn, up from $105bn.
As of 1330 BST, JPMorgan shares were down 2.67% at $325.60 each.
Reporting by Iain Gilbert at Sharecast.com
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