JPMorgan posts record profit on big gains from dealmaking, stock trading

JPMorgan reported a record profit of $21.2 billion (EPS $7.70) for Q2, up from $14.99 billion a year earlier, with adjusted EPS of $6.14 beating estimates of $5.85. Investment banking fees surged 30% and markets revenue rose 35%, though the bank raised its 2026 expense forecast to $107.5 billion from $105 billion, dragging shares down about 2% in premarket. Global M&A value has crossed $3 trillion year-to-date, signalling broad strength in dealmaking that has lifted rivals Goldman Sachs and Bank of America as well.