The most profitable quarter in history! JPMorgan (JPM.US) second quarter stock trading revenue soared by 86%, raking in a whopping $6 billion.

JPMorgan Chase (JPM.US) announced its highest quarterly profit in history, with its stock trading revenue far exceeding analyst expectations, and long-term holdings of Visa stock bringing in $4.6 billion in revenue. The financial report showed that second quarter revenue reached $58 billion, a 26.9% year-over-year increase, surpassing expectations by $6.7 billion; non-GAAP earnings per share were $6.14, exceeding expectations by $0.34. The financial report showed that the bank's stock trading revenue in the second quarter skyrocketed by 86% year-on-year to $6.03 billion. This performance even outperformed the highest forecast given by analysts in the survey, driving total trading revenue to $12.1 billion, exceeding the historical high set in the first three months of the year. JPMorgan Chase stated that in the second quarter, it gained $4.6 billion in net income from Visa stock, or $1.27 per share; additionally, it earned $1 billion in revenue from certain equity investments, or $0.29 per share. The bank's credit costs in the second quarter were $2.5 billion, with net write-offs of $2.4 billion and net provisions increasing by $149 million. Its credit card services net charge-off rate is expected to be around 3.2%, lower than the previously predicted 3.4%. Following SpaceX's record-breaking IPO in June, investment banking business has become a focus of attention. JPMorgan Chase reaped $3.28 billion in investment banking fees in the second quarter, a 30% year-on-year increase, surpassing analysts' expectations. The company raised its full-year net interest income forecast to approximately $105.5 billion, above the market's general expectation of $103.7 billion and its previous forecast of $103 billion. This quarter, this income was $25.5 billion, lower than the market's expected $25.7 billion. JPMorgan Chase's total loans as of June 30, 2026 increased from $1.5 trillion on March 31, 2026 to $1.54 trillion. Deposits increased from $2.68 trillion at the end of the first quarter to $2.71 trillion. The bank's expenses for the quarter were $27.3 billion, exceeding expectations. The company updated its full-year cost guidance to about $107.5 billion, exceeding the increase revealed by Dimon at an industry conference in May. The largest bank in the United States is releasing its results along with most major competitors. Analysts expect that since Trump's win in the 2024 election, the stock trading sector has been on a frenzied momentum due to volatility, and these companies will once again report a strong quarter. Although almost all businesses exceeded expectations, CEO Jamie Dimon remains cautious about the future outlook. Dimon stated in a statement, "Several major risks are moving beneath the surface like tectonic plates, including geopolitical tensions and war, sticky inflation, massive global fiscal deficits, and high asset prices. We can't predict how these forces will ultimately evolve. They may still remain within controllable range, but when they move or collide, they could also cause significant damage." At the end of last month, JPMorgan Chase appointed Troy Rohr and Doug Petno as co-presidents of the company, the latest development in the succession competition as 70-year-old Dimon eventually steps down. As part of the personnel changes, long-time executive Marianne Lake will retire, with Rohr taking over the company's massive consumer business division, and Petno taking control of commercial and investment banking.