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JPMorgan Wells Fargo Surge in Profits | San Antonio News
JPMorgan Chase crushed it with $19 billion in Q2 profit, fueled by trading gains as market volatility turned into gold for Wall Street’s desks—markets revenue up 35%, equity markets soaring 86%. CEO Jamie Dimon also cheered a 30% jump in investment banking revenue, hitting its peak since 2021, driven by booming IPOs and M&A activity expected to keep accelerating through 2026. Meanwhile, Wells Fargo posted a 22% net income surge to $6.4 billion, riding a strong economy and newfound freedom to deploy capital strategically after years of oversight, with investment banking and markets revenue…
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