finance
JPMorgan Reports $16.9 Billion Second-Quarter Net Income
JPMorgan posted $16.9 billion in second-quarter net income and raised its full-year revenue outlook. The bank also increased its net interest income guidance to $105.5 billion and approved a higher quarterly dividend.
Jul 15, 3:22 PM·1m read3 sources
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JPMorgan reported $16.9 billion in net income for the second quarter and raised its full-year revenue outlook. The bank increased its full-year net interest income guidance to approximately $105.5 billion. Officials said the higher target reflects strong market momentum but noted that planned expenses outside of interest costs will also rise.
The board approved an increase in the quarterly dividend to $1.65 per share beginning in the third quarter.
The Seeking Alpha Quant rating remains at a neutral HOLD, citing concerns over elevated investment expenses.
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