Reported about 6 hours ago
JPMorgan Chase exceeded profit expectations for the second quarter, raising its net interest income forecast for 2025 to approximately $95.5 billion, bolstered by strong performance in its investment banking and trading divisions. CEO Jamie Dimon noted the resilience of the U.S. economy despite ongoing risks from tariffs and geopolitical issues. Trading revenue surged 15% while investment banking fees rose 7%, reflecting increased market activity. Despite a 17% fall in overall profit due to a prior year's gain, the firm managed to perform better than previous guidance, demonstrating its strong capital position.
Source: YAHOO