JPMorgan Chase & CoJPM
▲ PositiveCapitalrelevance
Strong Q2 earnings with record revenue and markets revenue up 35%
Impact on stocks 1
Digital Finance & Tokenization
JPMorgan Chase & CoJPMorgan Chase shares rose about 0.3% to $352.51 Friday morning as bank stocks led Wall Street's rebound, leaving the stock near its 52-week high. Second-quarter net income reached $21.2 billion on $58 billion of managed revenue, with markets revenue up 35% to $12.1 billion and equity-markets revenue nearly doubling to $6 billion. Net interest income climbed 10% to $25.6 billion. The stock trades 12.39% above its GF Value estimate of $313.65, reflecting a premium for quality that could be vulnerable to weaker lending, rising credit losses, or falling rates.
JPMorgan Chase & CoStrong Q2 earnings with record revenue and markets revenue up 35%