JPMorgan Chase's second-quarter profit hit a record high, with stock trading revenue surging 86% year-over-year

Odaily Odaily News: JPMorgan Chase released its latest financial results, with the company's second-quarter net profit reaching the highest quarterly record in history. The financial report shows that second-quarter stock trading revenue reached $60.3 billion, a substantial year-over-year increase of 86%, significantly exceeding market analysts' highest expectations. Combined with a $4.6 billion gain from the long-term holding of Visa shares, this collectively drove a strong overall performance. Boosted by its stock trading business, JPMorgan Chase's total trading revenue for the quarter rose to $12.1 billion, surpassing the first quarter of this year and setting a new all-time high.