JPMorgan Posts Strong Q2 Profit Amid Tariff, Geopolitical Risk Warnings

JPMorgan Chase reported strong second-quarter earnings with a profit of $14.2 billion, beating Wall Street expectations despite a decline from the previous year. CEO Jamie Dimon highlighted the bank's robust markets division and resilient U.S. economy but warned about significant risks including tariffs, geopolitical tensions, and fiscal deficits. Investment banking fees unexpectedly rose by 7%, suggesting a potential rebound in dealmaking as tariff fears ease. However, the bank's CFO noted that tariff policies have caused corporate clients to adopt a 'wait-and-see' approach, shifting focus to short-term supply chain adjustments rather than long-term strategic investments. JPMorgan's stock showed mixed technical signals ahead of earnings, with bullish trends countered by indicators suggesting a possible short-term pullback. Dimon also warned that tariffs are likely to increase inflation and anticipates the Federal Reserve will raise interest rates instead of lowering them.