JPMorgan Chase reported record second-quarter net income of $21.2 billion. This figure represents a 41% increase over the previous year. Adjusted net income reached $16.9 billion. Earnings per share hit $6.14, surpassing Wall Street estimates. Managed revenue rose 27% year-over-year to $58.0 billion.
The Corporate & Investment Bank division generated $24.9 billion in revenue. Investment banking fees climbed 30% to $3.3 billion amid a capital markets rebound. Total markets revenue grew 35% to $12.1 billion. Equity trading revenue surged 86% during the period.
JPMorgan raised its full-year net interest income guidance following the results. The bank increased its quarterly dividend to $1.65 per share. CEO Jamie Dimon attributed the performance to favorable markets and consistent firm-wide investment.