WASHINGTON (AP) — JPMorgan Chase said Tuesday that it logged $16.9 billion in second-quarter profit as its equities trading division again took advantage of market volatility triggered by the war in Iran.
The nation's largest bank by asset size, JPMorgan said that revenue in every line of its business hit record levels in the quarter, including its markets division, where revenue grew 35% over the same period last year. Revenue in its equity markets division skyrocketed 86%.
JPMorgan earned $6.14 per share in the period, beating analyst estimates of $5.59 per share and 2025's $5.24. Managed revenue came in at $58 billion, also topping the estimates of analysts surveyed by FactSet.
JPMorgan shares were down 2.4% before the opening bell.
CEO Jamie Dimon said that revenue from the New York bank's investment banking division rose 30%, accelerating to the highest level since 2021 as the thirst for initial public offerings and mergers and acquisitions remained strong.
Investment research analysts are forecasting that both merger and acquisitions and IPOs to continue at a blistering pace through 2026.
While volatile markets can cause anxiety for individual investors, high-speed Wall Street trading desks can take advantage of the wild gyrations. Big swings in markets tend to increase activity on trading desks, leading to higher commissions and fee revenue for the banks.
Wells Fargo also reported its second-quarter results on Tuesday, posting a 22% jump in net income over the same period last year. Wells said it earned $6.4 billion in the period, or $2 per share, up from $5.5 billion a year ago. Revenue of $22.6 billion also topped estimates.
Wells CEO Charlie Scharf said the San Francisco bank was benefiting from a strong economy and its newly unleashed ability to invest after years of government oversight. Wells’ said its investment banking revenue grew 20% from last year and markets revenue was up 24%.
“After years of not being on a level playing field with our competitors because we couldn’t grow our balance sheet, we are carefully deploying capital to grow and support our clients by taking risks that we think are prudent through economic cycles, not just the strong environment we see today,” Scharf said.
Shares of Wells Fargo fell 1.8% in premarket.
FILE - The Bank of America logo is seen on a branch office, Oct. 14, 2022, in Boston. (AP Photo/Michael Dwyer, File)
FILE- In this May 17, 2018, file photo the logo for Wells Fargo appears above a trading post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)
FILE - In this Monday, Oct. 21, 2013, file photo, the JPMorgan Chase & Co. logo is displayed at their headquarters in New York. (AP Photo/Seth Wenig, File)
WESTFIELD, Ind.--(BUSINESS WIRE)--Jul 14, 2026--
Bomb Pop, the iconic red, white and blue frozen treat, will distribute 100,000 free samples at Droplight Grand Park Sports Campus to cool down youth sports players during the July 17–26 Westfield, Indiana, event.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260713568148/en/
In addition to 100,000 free samples, Bomb Pop will host a branded lounge, a multi-sport challenge, scorecards for players to track their points, seating, and a custom Bomb Pop Sports Trading Card photo experience.
Droplight Grand Park Sports Campus is a major youth sports destination in Westfield, Indiana, drawing more than 5.5 million visitors annually. During the activation’s final weekend, the campus will also host the NFL FLAG Championships Presented by Toyota from July 23–26, creating a high-traffic summer sports moment at the venue.
“Bomb Pop has always been tied to the best parts of summer, from backyard barbecues and ballgames to hot days outside,” said Allie Green, Senior Brand Manager, Bomb Pop. “Bomb Pop will bring the spirit of summer to peak tournament season, when families are spending long days outside and looking for an easy, refreshing frozen treat between games.”
Bomb Pop Classic Red, White & Blue features cherry, lime, and blue raspberry flavors in the iconic rocket-shaped pop. It is made with colors from natural sources while keeping the familiar taste and appearance families know.
What Is Bomb Pop Doing for Youth Sports Players and Their Families at Droplight Grand Park Sports Campus?
Bomb Pop is hosting a free sampling activation and branded Chill Zone at Droplight Grand Park Sports Campus in Westfield, Indiana, from July 17–26. The activation includes 100,000 free Bomb Pop samples, seating, a multi-sport Shoot Out challenge, scorecards for players to track their points, and a custom Bomb Pop Sports Trading Card photo experience.
Why Did Bomb Pop Select the Droplight Grand Park Sports Campus for its Free Distribution of its Classic Red, White & Blue Treat?
Droplight Grand Park Sports Campus is a major youth sports destination that draws more than 5.5 million visitors annually. Its scale, tournament schedule, and high-traffic summer sports environment make it a natural setting for Bomb Pop to show up during peak tournament season, when families and athletes are spending long days outside between games.
What Else Will Bomb Pop Offer for Youth Sports Players and their Families at the Droplight Grand Sports Campus?
Visitors can cool down with a free Bomb Pop sample, take a break in the branded Chill Zone, and participate in a multi-sport Shoot Out challenge where players kick, throw, shoot or volley toward targets worth different point values. Players can track their scores on a scorecard and create a custom Bomb Pop Sports Trading Card photo keepsake from their tournament weekend.
What Frozen Treat Cools Down Youth Players and their Families at Ballgames, Tournament Weekends, and Hot Days Outside?
Bomb Pop Classic Red, White & Blue is made for summer sports moments, from sideline breaks and tournament weekends to post-game cool-downs and long afternoons outside. Each pop combines cherry, lime, and blue raspberry flavors in the iconic red, white, and blue shape families recognize.
Why Has Bomb Pop Been a Summer Freezer Staple for 71 years?
Bomb Pop Classic Red, White & Blue combines cherry, lime, and blue raspberry flavors in one iconic frozen treat, making it an easy option for the summer moments families stock up for, from July 4th celebrations and backyard barbecues to cookouts, ballgames, and hot afternoons outside. It is made with colors from natural sources while maintaining the familiar taste and appearance families expect.
Where Can You Find and Buy Bomb Pop Today?
Bomb Pop is available at major retailers nationwide, including Walmart, Target, Walgreens, Amazon, Dollar General, Safeway, Giant Food, Food Lion, Publix, and other retailers.
About Bomb Pop ®
Bomb Pop ® has been delivering colorful frozen fun for generations. Known for its iconic shape, bold flavors, and connection to summertime traditions, Bomb Pop continues to create memorable moments for families across the country. Bomb Pop is part of Wells Enterprises, Inc., the largest privately held ice cream and frozen treat manufacturer in the United States.
Bomb Pop Classic Red, White & Blue features cherry, lime, and blue raspberry flavors in the iconic rocket-shaped pop made with colors from natural sources
