JPMorgan Chase's Q2 Earnings Beat Expectations, with Soaring Investment Banking Fees and Equities Trading Revenue
JPMorgan Chase exceeded analyst estimates with higher earnings per share and revenue in the second quarter. Investment banking fees surged 50%, topping estimates, and equities trading revenue jumped 21%. CEO Jamie Dimon noted risks from high inflation and interest rates but said current stock and bond valuations reflect a "benign economic outlook." Geopolitical tensions remain high due to the situation in Europe and could impact the global economy. Shares dipped 1.2% in premarket trading following the strong earnings report.