JPMorgan Chase reported second-quarter adjusted earnings of $4.26 per share, surpassing the expected $4.19.

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 Revenue grew 20% YoY to $50.99B, driven by a 52% surge in investment banking fees, which greatly bolstered the bank's performance.

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Equities trading revenue rose 21% to $3B, driven by strong derivatives results, exceeding estimates by $230M.

Fixed income trading increased 5% to $4.8B, meeting analyst expectations.

The bank's $3.05B provision for credit losses exceeded the $2.78B estimate, signaling caution about future defaults.

CEO Jamie Dimon cited risks from inflation and geopolitics, while CFO Jeremy Barnum expressed confidence in a resilient consumer base despite lower-income weakness.