JPMorgan Sees Record Profit as Stock-Trading Climbs 86%
JPMorgan Chase reported its highest quarterly profit ever as the second-quarter equities haul climbed 86% from a year earlier to $6.03 billion.
Gerard Cassidy, head of US bank strategy and large-cap bank analyst at RBC examines the results on “Bloomberg Surveillance.” (Source: Bloomberg)
Wall Street Banks Smash Profit Records
- JPMorgan Chase racks up biggest profit ever for a US bank as dealmaking sizzles across Wall Street NY Post —
- JPMorgan Chase profits jump on strong investment bank results IOL —
- Big Banks’ Profits Surge After a Red-Hot Quarter on Wall Street Wall Street Journal —
- Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom The New York Times —
- Citi results beat Wall St estimates on investment banking RTE —