New York-headquartered JP Morgan Chase has released positive financial results for the second quarter of 2026, with profit, net revenue up on last years’ levels, and favourable results seen in asset and wealth management.

JP Morgan reported that second quarter profit reached $21.2 billion in 2026, up 41 per cent on the previous year, or 13 per cent excluding significant items. The significant items, each in the current quarter, consisted of a $4.6 billion net gain related to Visa shares in corporate as well as $1 billion of gains on certain equity investments.

Net revenue reached $58 billion, a rise of 27 per cent, or 15 per cent excluding significant items, the report shows. Net interest income was $25.6 billion, up 10 per cent. Noninterest revenue was $32.4 billion, an increase of 45 per cent, or 20 per cent excluding significant items. Net interest income excluding markets was $23.7 billion, a rise of 4 per cent, driven by higher deposit balances, higher revolving balances in card services and higher wholesale loan balances, largely offset by the impact of lower rates, the firm said. Markets revenue was $12.1 billion, up 35 per cent, mainly driven by higher equity markets revenue.

In asset and wealth management, net income was $2 billion, up 33 per cent on last years levels. Net revenue was $6.9 billion, a rise of 19 per cent, driven by growth in management fees on higher average market levels and strong net inflows, as well as investment valuation gains, higher loan balances and higher brokerage activity. Noninterest expense was $4.2 billion, an increase of 13 per cent, largely driven by higher compensation, primarily due to higher revenue-related compensation and continued growth in private banking advisor teams, as well as higher distribution fees. Assets under management were $5.1 trillion, up 18 per cent, and client assets were $7.7 trillion, a rise of 19 per cent, driven by higher market levels and continued net inflows, the report reveals.

“The firm reported very strong results in the quarter, generating net income of $16.9 billion. These results were the product of a particularly favourable environment with an elevated level of market activity, as well as rigorous execution, years of consistent investment and thoughtful capital deployment,” Jamie Dimon, chairman and CEO, said on the financial results. “Performance was strong across the firm, and revenue in each line of business hit a new record. In AWM, revenue increased 19 per cent, and flows remained robust with $50 billion of long-term AUM net inflows, helping to drive AUM to over $5 trillion.”

“The US economy has demonstrated notable resiliency this year, with stronger business investment and hiring,” Dimon continued. “This strength is being supported by several tailwinds, including AI-driven capital investment, fiscal stimulus and the benefits of more efficient regulation. However, several risks are shifting below the surface like tectonic plates, including geopolitical tensions and wars, sticky inflation, large global fiscal deficits and elevated asset prices.”

“We cannot predict how these forces will ultimately play out. They may remain manageable, but they could also cause meaningful disruptions when they shift or collide,” he said. “We carefully monitor these risks and prepare the firm for a wide range of scenarios to ensure that we can serve our customers and clients consistently in all environments.”