TLDR
- JPMorgan posted a record $21.2 billion quarterly profit, up 41% year-over-year — the highest in US banking history
- EPS came in at $7.70, smashing the $5.64 analyst estimate
- Total revenue rose 28% to $57 billion vs. $45 billion a year ago
- A $4.6 billion gain from selling Visa stock provided a big one-time boost
- JPM stock rose 1.3% in premarket trading on the results
JPMorgan Chase posted the highest quarterly profit ever recorded by a US bank on Tuesday, with second-quarter net income jumping 41% to $21.2 billion.
JPMORGAN $JPM Q2’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $58.02B (Est. $51.39B) 🟢; +27% YoY
🔹 EPS: $7.70 (Est. $5.72) 🟢; incl. $1.56/share from significant items
🔹 NII: $25.62B (Est. $25.64B) 🟡; +10% YoY
🔹 Net Charge-Offs: $2.37B (Est. $2.62B) 🟢
🔹 Investment Banking: $3.9B… pic.twitter.com/bW5oVL5kvt— Wall St Engine (@wallstengine) July 14, 2026
The result works out to $7.70 per share, well ahead of the $5.64 per share analysts had penciled in. Total net revenue climbed 28% to $57 billion, up from $45 billion in the same period last year. JPM stock was up 1.3% in premarket trading following the release.
Strip out the one-time items and the picture is still strong. Excluding special items, net income came in at $16.9 billion, or $6.14 per share — still well above the $5.59 per share Wall Street had expected.
A $4.6 billion net gain from the sale of Visa stock held by JPMorgan’s corporate division gave earnings a meaningful lift. The bank also recorded $1 billion in gains on certain equity investments. It’s worth noting that JPMorgan also recognised Visa-related gains during its prior record quarter in Q2 2024.
What Drove the Results
CEO Jamie Dimon credited “a particularly favorable environment with an elevated level of market activity, as well as rigorous execution, years of consistent investment and thoughtful capital deployment.”
Dimon pointed to several tailwinds supporting the US economy this year, including AI-driven capital investment, fiscal stimulus, and deregulation. He described the economy as having shown “notable resiliency.”
Wall Street activity has been a key driver for big banks in recent quarters. Dealmaking and trading desks have benefited from capital-raising tied to the AI sector, boosting revenue across investment banking operations.
That trend is expected to show up in results from other major banks too. Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), and Goldman Sachs (GS) are all due to report Tuesday morning.
Dimon Flags Risks Ahead
Despite the record numbers, Dimon was measured in his outlook. He warned that “several risks are shifting below the surface like tectonic plates,” pointing to geopolitical tensions, sticky inflation, large global fiscal deficits, and elevated asset prices.
“We cannot predict how these forces will ultimately play out,” he said.
JPMorgan’s stock has gained 2.8% year-to-date. The S&P 500 is up 9.6% over the same period.
As of Tuesday, JPM was trading at $334.53 on the NYSE.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
