JPMorgan Sees Record Profit as Stock-Trading Climbs 86%
Bloomberg 2026-07-14 11:17:25
Context: JPMorgan Chase achieved its highest quarterly profit ever, driven by a significant surge in stock trading. The bank's equities haul in the second quarter climbed substantially from the previous year. This remarkable financial performance was recently analyzed by Gerard Cassidy, head of US bank strategy and large-cap bank analyst at RBC.
Key Facts
- JPMorgan Chase reported its highest quarterly profit ever, with the exact figure not specified, but accompanied by an 86% increase in its second-quarter equities haul from the previous year.
- The bank's equities haul in the second quarter totaled $6.03 billion, marking an 86% increase from the same period a year earlier.
- Gerard Cassidy, head of US bank strategy and large-cap bank analyst at RBC, examined the results in an appearance on “Bloomberg Surveillance.”