JPMorgan Q2 outcomes: Bank’s profit beats estimates at $14.2 billion; revenue strong but CEO Jamie Dimon warns of global risks

JPMorgan Chase reported a second-quarter web profit of $14.2 billion on Tuesday, down from $18.3 billion a yr in the past, but forward of Wall Street expectations. The financial institution posted adjusted earnings of $4.96 per share, surpassing analysts’ forecast of $4.48, though decrease than the $6.12 per share it earned in Q2 2024.Total managed revenue stood at $45.7 billion, beating the Street’s estimate of just below $44 billion but trailing final yr’s $51 billion haul. The markets division was a standout, with revenue leaping 15% to $8.9 billion, AP reported.CEO Jamie Dimon praised the financial institution’s efficiency but warned of persistent macroeconomic threats. “The finalisation of tax reform and potential deregulation are positive for the economic outlook, however, significant risks persist – including from tariffs and trade uncertainty, worsening geopolitical conditions, high fiscal deficits and elevated asset prices,” Dimon mentioned in a press release.He added that whereas the US financial system remained resilient within the second quarter, JPMorgan is making ready for a broad vary of outcomes amid an unsure global atmosphere.Net curiosity revenue rose 2% to $23.3 billion. Although banks like JPMorgan have benefitted from elevated rates of interest in current quarters, expectations of one or two fee cuts by the Federal Reserve this yr may influence profitability going ahead.Dimon, one of probably the most influential voices within the global banking sector, is understood for weighing in on broader coverage and financial points. His remarks are intently tracked in each Washington and Wall Street.Shares of JPMorgan fluctuated in pre-market commerce following the earnings launch, whereas broader US markets remained largely flat.