JPMorgan (JPM) posts strong Q2 earnings, tops expectations
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JPMorgan profit rises to record, fueled by investment banking
July 12, 2024 6:51 AM EDTBy Niket Nishant and Nupur Anand
(Reuters) -JPMorgan Chase beat estimates for second-quarter profit on Friday as a resurgence in dealmaking and strong capital markets fueled record results.
More companies are seeking to raise funds through debt or equity offerings and striking takeover deals as they gain confidence in the U.S. economic outlook, helping to boost Wall Street banks' income.
Investment banking revenue grew 46% to $2.5 billion, compared with a low base a year earlier. The gains exceeded the company's earlier predictions.
The Wall Street operations even propelled overall profits to an all-time high. JPMorgan... More
JPMorgan (JPM) Tops Q2 EPS by 26c
July 12, 2024 6:51 AM EDTJPMorgan (NYSE: JPM) reported Q2 EPS of $4.40, $0.26 better than the analyst estimate of $4.14.
For earnings history and earnings-related data on JPMorgan (JPM) click here.
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