J.P. Morgan Posts Record Q2 Profit as Net Interest Income Rises 10%
Updated
Updated · pluang.com · Jul 20
J.P. Morgan Posts Record Q2 Profit as Net Interest Income Rises 10%
2 articles · Updated · pluang.com · Jul 20
Summary
J.P. Morgan beat second-quarter revenue and earnings estimates with record results, driven by stronger-than-expected balance-sheet growth.
Net interest income rose 10% from a year earlier, supported by an average loan base of about $1.5 trillion and continued deposit growth.
Book value per share also increased, adding to signs that the bank expanded profitably rather than relying on one-off gains.
The results reinforce J.P. Morgan's position as a key gauge of U.S. banking health, with lending and deposit trends still powering large-bank earnings.