JPMorgan's Earnings Beat Estimates in Q2 as Investment Banking Revenue Surges

Key TakeawaysJPMorgan Chase reported second-quarter results that surpassed analysts' expectations.The banking giant reported revenue on a managed basis of $50.99 billion, above analysts' estimates as investment banking revenue surged on higher fees.The bank's profit rose 25$18.15 billion, beating projections, largely thanks to a $7.9 billion gain from an exchange of the company's Visa shares. JPMorgan Chase (JPM) reported second-quarter results that surpassed analysts' expe ...