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JPMorgan Chase posts a record quarterly profit, with stock trading revenue hitting $6 billion.

1 hours ago

JPMorgan Chase has posted its highest quarterly profit ever, driven by stock trading revenue that far exceeded analyst expectations and a $4.6 billion gain from its long-held Visa Inc. stake. According to the bank’s Tuesday statement, second-quarter stock trading revenue jumped 86% year-over-year to $6.03 billion, topping even the highest analyst forecast. This pushed total trading revenue to $12.1 billion, surpassing the all-time high set in the first quarter of this year.

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