JPMorgan Posts Sixth Consecutive Profit Beat, Raises 2025 Interest Income Forecast

JPMorgan Chase reported second-quarter profits that surpassed analyst expectations, marking its sixth consecutive quarter of stronger-than-expected results, driven by reduced credit loss provisions, robust market revenues, and a resilient U.S. economy. The bank's overall profit was $14.99 billion, or $5.24 per share, down from the prior year but exceeding the anticipated $4.48 per share, with revenue dipping slightly to $44.9 billion but still beating estimates. CEO Jamie Dimon highlighted the economy's resilience, noting positive factors such as finalized tax reform and potential deregulation, while also cautioning about ongoing risks from tariffs, trade uncertainty, geopolitical tensions, high fiscal deficits, and elevated asset prices. JPMorgan raised its net interest income forecast for 2025 to $95.5 billion due to strong investment banking and trading performance, including a 15% rise in trading revenue and a 7% increase in investment banking fees. The bank also approved a $50 billion stock buyback program and increased its quarterly dividend. Despite these strong results, market concerns remain over future interest rate declines and consumer credit behavior.