JPMorgan Chase posts record quarterly profit as Q2 equities trading revenue jumps 86%

The bank's equities trading business brought in $6.03 billion in the second quarter, underscoring how market volatility can lift results for major dealers.

Summary

JPMorgan Chase posted its highest-ever quarterly profit, with equities trading emerging as a major driver of the result. Equities trading revenue rose 86% year over year to $6.03 billion in Q2, highlighting how sharp market swings can boost performance at large banks with significant trading operations.

Terms & Concepts
  • equities trading revenue: Income generated from buying and selling stocks
  • Q2: The second quarter of the financial year
  • market volatility: The degree of rapid price swings in markets