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Business · 14 July 2026

JPMorgan posts record profit but shares fall on expense forecast

JPMorgan posts record profit but shares fall on expense forecast

Unsplash / Jefferson Anquilan

JPMorgan Chase reported record profits in the second quarter, driven by significant gains from dealmaking and stock trading. However, the bank's shares fell after it raised its expense forecast for 2026. Markets revenue and investment banking fees contributed to the strong financial performance.

Reported by Reuters · How we write briefs

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