JPMorgan’s second-quarter profit dropped to $15 billion, beating expectations. CEO Dimon highlighted the bank’s strong performance in the markets division. The U.S. economy remained resilient, despite risks like trade uncertainty and geopolitical conflicts. JPMorgan’s net interest income rose, but expectations weren’t fully met due to potential Federal Reserve rate cuts.

U.S. inflation rose in June, potentially affecting the Federal Reserve’s reluctance to cut interest rates. Big U.S. banks may benefit from reduced regulation under the Trump administration. Major banks passed the Federal Reserve’s annual “stress tests,” with lower capital requirements leading to increased dividends and stock buybacks.

JPMorgan reported holding $1.5 trillion in cash and marketable securities. Total managed revenue hit $45.7 billion, exceeding expectations. Wells Fargo and Citigroup both surpassed Wall Street’s profit and revenue projections. Wells Fargo’s outlook led to a 3.6% premarket share drop, while Citigroup returned $3 billion in capital to shareholders.

Read more at Yahoo Finance: JPMorgan posts strong second quarter numbers, though Dimon warns of tariff, geopolitical risk