Results were especially buoyant in JPMorgan's markets division during a heady period for the US stock market.
JPMorgan Chase reported an increase in profits Tuesday, led by jumps in investment banking fees and trading revenues, along with exceptional items such as higher equity investments.
The bank, kicking off a heavy day of results from giant US lenders, reported second-quarter profits of $21,2 billion, up 41 percent from the year-ago level. Revenues rose 28 percent to $57,3bn.
Results were especially buoyant in JPMorgan's markets division during a heady period for the US stock market.
In the second quarter, the Nasdaq piled on 21,4 percent in the best three-month stretch in six years, the result of a booming performance for artificial intelligence-related stocks.
