JPMorgan Chase reports record profit for the three months ended June 30, driven by gains from its dealmaking and stock trading activities. The US bank posts quarterly net income of US$21.2 billion, equivalent to US$7.70 per share, according to the reported results. This marks a substantial increase from the same quarter a year earlier, when JPMorgan earned US$14.99 billion, or US$5.24 per share. The two reports both attribute the higher profit to strong performance in markets-related activities, including trading and advisory or underwriting work associated with dealmaking. With the latest figures, JPMorgan’s quarterly earnings show a significant year-over-year rise. The coverage focuses on the size of the profit and the per-share comparison against the prior year, while describing the underlying drivers as improvements in deal-related business and gains from stock trading. The reports collectively present JPMorgan’s earnings as reaching a record level for the quarter, with results reflecting a broad uplift in profitability from business lines tied to markets activity.