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Story summary
- JPMorgan Chase posted a record Q2 profit of $21.2 billion, $7.70 per share.
- Trading revenue hit $12.1 billion, equity trading up 86% to $6.03 billion.
- Investment-banking fees rose 30% to $3.28 billion, boosted by the SpaceX IPO, the largest ever.
- Net interest income (ex-markets) grew 4% to $23.7 billion, while the 2026 forecast rose to $96.5 billion and expenses rose to $107.5 billion.
- Shares slipped 2% pre-market while CEO Jamie Dimon warned of geopolitical and inflation risks.
