JPMorgan Chase posted a record profit as stock-trading revenue surged

Equity Markets revenue jumped 86% to $6 billion, while investment banking fees climbed 30% to their highest level since 2021

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JPMorgan $JPM Chase reported second-quarter net income of $21.2 billion, or $7.70 per share, the highest quarterly profit in the bank's history, driven by a surge in stock-trading revenue and a $4.6 billion gain on its Visa $V Inc. stake.

Excluding those gains and $1.0 billion in gains on certain equity investments, net income was $16.9 billion, or $6.14 per share, with a return on tangible common equity of 23%, the company said. Total........

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