JPMorgan Chase said Tuesday that it earned $16.9 billion in the second quarter as its equities trading division again took advantage of market volatility triggered by the war in Iran

Big banks are set to report booming Q2 revenue as the SpaceX IPO, Iran war volatility and a rebound in commercial lending fuel Wall Street's "sweet spot."

JPMorgan beat Q2 2025 estimates with $5.24 EPS and $45.68B in revenue, while Jamie Dimon confirmed a JPMD deposit coin stablecoin push.