JPMorgan Chase Q3 Profit Rises to $15.3 Billion but Misses Estimates on Trading Strength
Equity markets surged 49% and investment banking fees climbed 14%.
/ 17 items
#JPM↓
Schwab and Big Banks Slide as Vanguard’s Altruist Deal Raises AI Threat in Wealth Management
Vanguard’s reported $4B–$4.6B Altruist deal revived fears that AI will disrupt brokerage custody and idle client cash that funds broker profits.
Banks That Once Fought Stablecoins Are Now Planning to Issue Their Own
CRCL shares fall after the WSJ reports that banks once opposed to stablecoins—such as JPMorgan and Bank of America—are now exploring their own.
JPMorgan Reports Record $21.2B Earnings, But One-Time Gains Mask Rising Costs
JPMorgan delivered its highest-ever quarterly profit of $21.2 billion in Q2 2026. However, one-time Visa and equity gains, plus surging expenses, raised concerns.
JPMorgan, Bank of America, and Peers Eye Fiserv Debit Network in Bid to Reshape Payments
Several top U.S. banks are discussing the purchase of Fiserv’s debit card processing network. They hope to escape strict fee rules and make more from every debit swipe.
Record Trading Revenue Fuels JPMorgan’s Strong Q1 Earnings Beat Despite Market Volatility
JPMorgan profits rose on market volatility, trading surged, earnings beat forecasts, but CEO warned of global economic risks.