JPMorgan reported its highest quarterly profit ever, with Q2 equities revenues rising 86% year-over-year to $6.03B. The strong profitability and sharp increase in equities activity point to continued momentum in capital markets results. RBC’s Gerard Cassidy analyzed the quarter’s outperformance on Bloomberg, reinforcing a constructive read-through for large-cap banks.
JPMorgan reported its highest quarterly profit ever, with Q2 equities revenues rising 86% year-over-year to $6.03B. The strong profitability and sharp increase in equities activity point to continued momentum in capital markets results. RBC’s Gerard Cassidy analyzed the quarter’s outperformance on Bloomberg, reinforcing a constructive read-through for large-cap banks.
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