JPMorgan posts a record $21.2 billion quarterly profit, the highest in US banking history

The largest US bank reported its second-quarter 2026 results (ended June 30) on Tuesday, July 14, 2026, posting net income of $21.2 billion, or $7.70 per share, the highest quarterly profit in the bank's and US banking history. The figure included a $4.6 billion gain on its Visa stake; excluding that, net income was $16.9 billion ($6.14 per share).

Total managed revenue rose 27% year over year to $58.0 billion, with every business line setting a record. Equity markets revenue jumped 86% to $6.0 billion and total markets revenue reached a record $12.1 billion, while investment banking fees rose 30% to $3.3 billion, the highest since 2021. The bank raised its full-year net interest income outlook to about $105.5 billion. JPMorgan shares hit a record high and its market value neared the $1 trillion mark.