JPMorgan rises after record second-quarter profit
JPM•Shares rise after record quarterly profit
U.S. banking giant JPMorgan's JPM.N shares were up 2% at $341.1 after posting a record second-quarter profit.
JPM reported profit of $21.2 billion, or $7.70 per share, in the three months ended June 30, compared with $14.99 billion, or $5.24 per share, in the year-ago period.
Expenses outlook and investment banking fees
The bank raised its forecast for 2026 expenses to $107.5 billion.
Investment banking fees surged about 30% in the second quarter from a year earlier.
Including the session's move, the stock was up nearly 6% year to date.
