JPMorgan notches the highest quarterly profit in US banking history

JPMorgan notches the highest quarterly profit in US banking history David Hollerith · Senior Reporter Tue, July 14, 2026 at 1:00 PM GMT+2 2 min read JPM The country's largest bank just raked in more quarterly profit than any US bank ever. JPMorgan Chase ( JPM ) said profits jumped 41% to $21. 2 billion in its second quarter, or $7.

70 per share, far exceeding the $5. 64 per share analyst had expected. Total net revenue rose 28% to $57 billion, compared to $45 billion in the year-ago quarter.

CEO Jamie Dimon said the blockbuster results "were the product of a particularly favorable environment with an elevated level of market activity, as well as rigorous execution, years of consistent investment and thoughtful capital deployment," in a statement with the earnings release. "The U. S.

economy has demonstrated notable resiliency this year," Dimon added, pointing to several tailwinds including AI-driven capital investment, fiscal stimulus, and deregulation. "However, several risks are shifting below the surface like tectonic plates, including geopolitical tensions and wars, sticky inflation, large global fiscal deficits and elevated asset prices. We cannot predict how these forces will ultimately play out," he warned.

JPMorgan said a big profit boost came from a $4. 6 billion net gain related to selling Visa shares held by its corporate division. It also noted $1 billion of gains on certain equity investments.

During its prior record three month period in the second quarter of 2024, JPMorgan also recognized gains related to its Visa shares. Without those one-time gains, the bank's net income of $16. 9 billion would still have far exceeded the Street's expectations and the year ago quarter.

JPMorgan's results kick off what analysts expect will be another strong earnings season for big banks. The industry has been buoyed by a resurgence in Wall Street activity, with its dealmaking and trading businesses benefiting from capital-raising for the AI boom. Other giants, including Bank of America ( BAC ), Citigroup ( C ), Wells Fargo ( WFC ), and Goldman Sachs ( GS ), also report Tuesday morning.

David Hollerith covers a range of developments throughout the financial sector, from Wall Street to banking and asset management to crypto and fintech. Email him at david. hollerith@yahoofinance.

com. Follow him on X at @DsHollers.