JPMorgan's (JPM) Q2 Earnings Top Estimates on Solid IB, Trading

High interest rates, the resurgence of the investment banking (IB) business and solid markets revenues drove JPMorgan’s (JPM) second-quarter 2024 adjusted earnings to $4.40 per share. The bottom line handily surpassed the Zacks Consensus Estimate of $4.19.The results excluded a $2.04 per share net gain related to Visa shares, an 18 cents per share donation of Visa shares to pre-fund contributions to the company’s Foundation and 14 cents per share net investment securities losses. After including these one-t ...