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Wajeeh Khan

JPM Stock Alert: What to Know About JPMorgan's Historic Q2 Profit

JPM JPMorgan Shares V

JPMorgan (JPM) shares inched higher on Tuesday as investors cheered the largest U.S. bank’s solid Q2 earnings, featuring a 27% year-over-year increase to $58 billion. More importantly, the investment firm posted record net income of $21.16 billion, which translates to $7.7 on a per-share basis, crushing Street estimates set at $5.55 per share.

At the time of writing, JPMorgan stock is up about 20% versus its year-to-date low.

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