JPMorgan Chase profit hits $16.9 billion in the second quarter, boosted again by market volatility

JPMorgan Chase reported a $16.9 billion second-quarter profit, driven by a 35% revenue increase in its markets division and an 86% surge in equity markets revenue due to market volatility from the war in Iran. Wells Fargo also saw a 22% rise in net income to $6.4 billion, with investment banking revenue growing 20% and markets revenue up 24%.