JPMorgan Chase Set to Report Q2 Earnings – Here’s What to Expect

New York – JPMorgan Chase, the largest U.S. bank by assets, will release its second-quarter earnings results before market open on Tuesday, giving investors fresh insight into the state of the economy and financial markets.

According to analyst estimates from LSEG, Wall Street expects:

• Earnings per share: $4.48

• Revenue: $44.16 billion

• Net interest income: $23.6 billion (StreetAccount)

• Trading revenue: $5.2 billion in fixed income, $3.2 billion in equities (StreetAccount)

JPMorgan executives will host a conference call with investors at 8:30 a.m. ET.

The report comes as investors monitor how U.S. consumers and corporations are faring amid shifting economic conditions. While Wall Street operations have provided strong returns recently, consumer banking units have remained stable due to strong employment levels and low credit losses.

In the first quarter, JPMorgan’s trading divisions benefited from market volatility, largely driven by President Donald Trump’s sweeping tariff announcements in April. Despite an initial market slump, a sharp recovery followed, potentially boosting investment banking revenue late in Q2.

“Market swings created opportunities,” said Matt Stucky, chief portfolio manager at Northwestern Mutual. “There’s a chance investment banking performance improved by the end of the quarter.”

Wealth management performance may also reflect higher client asset levels, which rose along with equities. JPMorgan, Goldman Sachs, and Morgan Stanley are all expected to report strong contributions from these divisions.

Meanwhile, deregulation hopes and improved bank profitability pushed the S&P 500 Banks Index up 14.4% last quarter, outpacing broader financials and large-cap peers.

JPMorgan's results will also offer a preview of how other major banks performed. Citigroup and Wells Fargo are also reporting on Tuesday, while Goldman Sachs, Bank of America, and Morgan Stanley are scheduled for Wednesday.

CEO Jamie Dimon, speaking at a May conference in Paris, acknowledged ongoing risks tied to trade tensions and global uncertainty, though he noted that the U.S. economy remained resilient.

Investors will be watching not just the headline numbers but also management commentary on loan growth, consumer spending, and capital markets outlook for the rest of 2025.