JPMorgan Posts Highest Quarterly Profit Ever by a U.S. Bank
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- JPMorgan posted the highest quarterly profit ever recorded by a U.S. bank, driven by surging dealmaking and stock trading.
- Jamie Dimon, JPMorgan's CEO, called the current banking environment "close to as good as it gets," signaling strong confidence from the country's largest bank.
Why it matters: JPMorgan's record-setting quarter establishes a new high-water mark for U.S. banking profitability, and Dimon's bullish framing of the environment provides Wall Street's largest bank as a leading indicator of industry-wide health, though the source does not include specific dollar figures for the profit.
