{"slug": "jpmorgan-notches-the-highest-quarterly-profit-in-us-banking-history", "title": "JPMorgan notches the highest quarterly profit in US banking history", "summary": "JPMorgan Chase reported a record quarterly profit of $21.2 billion, a 41% increase from a year ago, driven by a favorable market environment, AI-driven capital investment, and a $4.6 billion gain from selling Visa shares. CEO Jamie Dimon highlighted the U.S. economy's resilience but warned of risks including geopolitical tensions and sticky inflation.", "body_md": "The country's largest bank just raked in more quarterly profit than any US bank ever.\n\nJPMorgan Chase ([JPM](https://finance.yahoo.com/quote/JPM?p=JPM&.tsrc=fin-srch)) 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.\n\nCEO 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.\n\n\"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.\n\n\"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.\n\nJPMorgan said a big profit boost came from a $4.6 billion net gain [related to selling Visa shares](https://finance.yahoo.com/news/jpmorgan-just-gave-itself-an-8-billion-boost-194043066.html) held by its corporate division. It also noted $1 billion of gains on certain equity investments.\n\nWithout those one-time gains, the bank's net income of $16.9 billion would still have far exceeded the Street's expectations.\n\nJPMorgan'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.\n\nOther giants, including Bank of America ([BAC](https://finance.yahoo.com/quote/BAC/)), Citigroup ([C](https://finance.yahoo.com/quote/C/)), Wells Fargo ([WFC](https://finance.yahoo.com/quote/WFC/)), and Goldman Sachs ([GS](https://finance.yahoo.com/quote/GS/)), also report Tuesday morning.\n\n*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.*\n\n**Click here for in-depth analysis of the latest stock market news and events moving stock prices**\n\n**Read the latest financial and business news from Yahoo Finance**", "url": "https://wpnews.pro/news/jpmorgan-notches-the-highest-quarterly-profit-in-us-banking-history", "canonical_source": "https://ca.finance.yahoo.com/news/jpmorgan-notches-the-highest-quarterly-profit-in-us-banking-history-110031854.html", "published_at": "2026-07-14 11:00:31+00:00", "updated_at": "2026-07-14 11:20:42.450997+00:00", "lang": "en", "topics": ["artificial-intelligence"], "entities": ["JPMorgan Chase", "Jamie Dimon", "Visa", "Bank of America", "Citigroup", "Wells Fargo", "Goldman Sachs", "Yahoo Finance"], "alternates": {"html": "https://wpnews.pro/news/jpmorgan-notches-the-highest-quarterly-profit-in-us-banking-history", "markdown": "https://wpnews.pro/news/jpmorgan-notches-the-highest-quarterly-profit-in-us-banking-history.md", "text": "https://wpnews.pro/news/jpmorgan-notches-the-highest-quarterly-profit-in-us-banking-history.txt", "jsonld": "https://wpnews.pro/news/jpmorgan-notches-the-highest-quarterly-profit-in-us-banking-history.jsonld"}}