Reported about 9 hours ago
JP Morgan Chase reported a second-quarter profit of $15 billion, surpassing expectations but down from last year's figures, largely due to significant previous gains from Visa holdings. CEO Jamie Dimon highlighted the bank's strong performance, particularly in its markets division, but expressed concerns over economic risks such as tariffs, trade uncertainty, and geopolitical conflicts. Despite these challenges, JP Morgan plans to continue benefiting from lowered regulation and increased cash reserves, while inflation pressures may impact future interest rate decisions.
Source: YAHOO