JPMorgan Chase tops second-quarter revenue expectations on strong investment banking

JPMorgan Chase on Friday posted second-quarter profit and revenue that topped analysts’ expectations as investment banking fees surged 52% from a year earlier. Here’s what the company reported: Earnings: $4.26 per share adjusted vs. $4.19 estimate of analysts surveyed by LSEG. Revenue: $50.99 billion vs. $49.87 billion estimate. The bank said earnings jumped 25% from the year-earlier period to $18.15 billion, or $6.12 per share. Excluding items related to the bank’s stake in Visa, profit was $4.26 per share.