JPMorgan Chase Quarterly Profit Hits Record High, Stock Trading Revenue Reaches $6 Billion
BlockBeats News, July 14th, JPMorgan Chase announced its highest-ever quarterly profit, with stock trading revenue far exceeding analyst expectations. In addition, the $46 billion gain from its long-term holding of Visa Inc. shares contributed to this record-breaking performance.
According to a statement released by JPMorgan Chase on Tuesday, stock trading revenue in the second quarter grew by 86% year-over-year, reaching $6.03 billion. This not only surpassed the highest expectations among analysts but also drove total trading revenue to $12.1 billion, exceeding the historic high set in the first quarter of this year.
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