US banks live: JPMorgan profits soar 41% on blockbuster trading revenues - Financial Times
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- JPMorgan posted a 41% profit surge driven by blockbuster trading revenues, according to the Financial Times.
- JPMorgan notched a record $6 billion in stock-trading revenue (Bloomberg) and record revenue across every business line (WSJ), marking the highest quarterly profit in US banking history (Yahoo).
Why it matters: JPMorgan's record across every business line — anchored by a $6 billion stock-trading haul — shows Wall Street trading desks cashed in heavily on recent market volatility, with the largest US bank delivering its most diversified revenue beat simultaneously.
