JPMorgan Chase Beats Q2 Earnings Estimates Driven by Strong Trading and Investment Banking
JPMorgan Chase Beats Q2 Earnings Estimates Driven by Strong Trading and Investment Banking JPMorgan Chase today announced better-than-expected second-quarter results, surpassing analyst estimates for both earnings and revenue. The banking titan reported earnings of $5.24 per share on revenue of $45.68 billion, outperforming projections from LSEG and StreetAccount. The bank’s robust performance was significantly bolstered by its trading operations, with fixed income revenue surging 14% to $5.7 billion and equities trading revenue climbing 15% to $3.2 billion. Investment banking fees…