"Records Across the Board": JPMorgan Reports a 41% Increase in Quarterly Profit

JPMorgan, the largest U.S. bank by market capitalization, reported record second-quarter earnings for 2026—up year-over-year—thanks to revenue from trading operations; its stake in Visa shares also increased by 41%, to $21.2 billion.

JPMorgan CEO Jamie Dimon highlighted an unusual statistic, according to CNBC: last quarter, all of the bank’s major business segments posted record revenue. “Performance was strong across the company, and revenue in every business segment reached a new record,” he said.

JPMorgan shares rose about 1% in premarket trading on July 14 following the release of its quarterly results, but then reversed course—at the time of publication, they were down 2.42%.

— JPMorgan’s net income in the second quarter of 2026 jumped 41% compared with the same period last year, to $21.2 billion. However, excluding major one-time factors, this metric showed much more modest results in April–June, according to the bank’s press release—a 13% year-over-year increase. Among these one-time factors, JPMorgan cited a $4.6 billion gain related to the bank’s long-term investment in Visa shares (which have risen by nearly 15% over the past three months).

— Meanwhile, the bank's quarterly net revenue totaled $58 billion, up 27% year-over-year, or 15% excluding one-time factors.

— Equity trading volume in the second quarter rose 86% compared with the same period last year, to $6.03 billion. This exceeded even the highest expectations of analysts surveyed by Bloomberg and brought JPMorgan’s total trading revenue to a record $12.1 billion in the bank’s history.

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