JPMorgan Chase Surpasses Estimates With $14.9 Billion Quarterly Profit

JPMorgan Chase delivered a robust quarterly performance, earning $5.24 per share against estimates of $4.48, with revenue reaching $45.68 billion—surpassing the $44.06 billion forecast. Fixed income trading revenue soared 14% to $5.7 billion, nearly $500 million above expectations, while investment banking fees ROSE 7% to $2.5 billion. CEO Jamie Dimon struck a cautious tone, warning of lingering economic risks from tariffs, geopolitical tensions, and fiscal deficits despite acknowledging the resilience of the U.S. economy.

The bank's trading divisions thrived amid market volatility, fueled by trade policy shifts under President Donald Trump. Currency, rates, and commodities trading drove fixed income revenue, while equities trading climbed 15% to $3.2 billion, meeting analyst projections. These gains offset softer performance in other segments, though year-over-year revenue fell 10% due to the absence of prior gains from the bank's Visa stake.