JPMorgan Chase racks up biggest profit ever for a US bank
JPMorgan Chase posted the biggest profit ever for a US bank, as Wall Street giants across the board posted blowout earnings on a resurgence in corporate dealmaking and resilient consumer spending.
The nation’s largest bank, run by Dimon for the past two decades, set the pace by logging a staggering $21.2 billion in total profit, or $7.70 a share, as it logged a one-time gain from selling Visa stock.
But even when stripping out that windfall, JPMorgan earned $16.9 billion, or $6.14 a share — easily clearing the $5.70 a share predicted by Wall Street analysts tracked by the London Stock Exchange Group (LSEG).
The firm raked in $3.3 billion in investment banking fees, up by 30% from the same three months of 2025.
Nevertheless, CEO Jamie Dimon sought to temper the enthusiasm with a cautious macroeconomic forecast.
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