JPMorgan Chase & Co. reported a net income of $21.2 billion for the second quarter of 2026. Earnings reached $7.70 per share, exceeding the consensus estimate of $5.59 per share. Total revenue rose to $57.35 billion, surpassing analyst forecasts.
Investment banking and equity trading businesses drove the quarterly performance. Investment banking fees increased by 30%. Equity markets revenue jumped 86%.
Shares fell 1.9% in premarket trading despite the record results. This represents the fifth consecutive quarter of post-earnings stock declines for the bank. The company raised its full-year guidance for net interest income while also increasing its expense outlook.
CEO Jamie Dimon highlighted the resiliency of the U.S. economy. Dimon also identified potential future risks including inflation.