JPMorgan posts record Q2 2026 profit as Jamie Dimon warns conditions may be near their peak
A $4.6 billion Visa stake gain helped JPMorgan’s record quarter as Wall Street’s biggest banks headed for a potentially best-ever trading year, even while Dimon warned of rising geopolitical and macroeconomic risks.
JPMorgan Chase posted record second-quarter 2026 net income of $21.2 billion, or $7.70 a share, helped by a $4.6 billion gain on its Visa stake, while core profit excluding one-time items was $16.9 billion, or $6.14 a share, above Wall Street estimates. The results came amid a broader second-quarter trading boom that left the five biggest Wall Street banks on track for their strongest trading year on record, with Goldman Sachs also reporting sharply higher earnings and revenue. Even so, CEO Jamie Dimon cautioned that conditions were "getting close to as good as it gets" and said risks were building beneath the surface because of geopolitical conflict, sticky inflation and fiscal deficits.
- core profit: Earnings adjusted to exclude one-time or nonrecurring items so investors can better gauge underlying performance
- trading desks: Bank units that buy and sell securities
- diluted earnings per share: Profit per share calculated using a share count that includes potentially convertible securities such as options or restricted stock