JP Morgan posts strong 2nd quarter numbers; Dimon warns of tariff, geopolitical risk
JPMorgan's Q2 profit fell to $15 billion, but exceeded expectations, with revenue up 15% in the markets division. Earnings were $5.24 per share, down from last year. CEO Dimon cited a resilient US economy but cautioned about trade uncertainty and deficits. Net interest income rose, while total revenue hit $45.7 billion. Wells Fargo also beat profit estimates, however, its shares fell due to outlook.
