JPMorgan Chase's Q2 Earnings Beat Expectations, with Soaring Investment Banking Fees and Equities Trading Revenue

Benzinga
Benzinga
  • 17 days ago
JPMorgan Chase exceeded analyst estimates with higher earnings per share and revenue in the second quarter. Investment banking fees surged 50%, topping estimates, and equities trading revenue jumped 21%. CEO Jamie Dimon noted risks from high inflation and interest rates but said current stock and bond valuations reflect a "benign economic outlook." Geopolitical tensions remain high due to the situation in Europe and could impact the global economy. Shares dipped 1.2% in premarket trading following the strong earnings report.

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