(Reuters) – JP Morgan Chase noted its net interest forecasts on Tuesday (NII) for 2025, after having exceeded expectations in the second quarter, thanks to the solid performance of its investment and trading banking activities.

The bank now provides $ 95.5 billion (81.80 billion euros) in net interest income, the difference between what establishments earn on loans and what they pay for deposits, against a previous estimate of $ 94.5 billion.

“The economy of the United States has remained resilient during the quarter. The finalization of tax reform and potential deregulation are positive for economic prospects,” said group director Jamie Dimon in a press release.

However, he warned that significant risks remained, in particular with regard to customs duties, commercial uncertainty, deterioration of geopolitical conditions, high budget deficits and high prices of assets.

The activity of the markets jumped, investors entering opportunities and covering their risks in the face of the evolution of customs policies in the United States. This agitation boosted the turnover of trading at $ 8.9 billion, an increase of 15%.

The investment banking activity commissions increased by $ 2.5 billion to $ 2.5 billion, increased by the updating on the stock market and mergers and acquisitions.

JP Morgan’s benefit established $ 14.99 billion, or $ 5.24 per share, for the closed quarter on June 30, against $ 18.15 billion, or $ 6.12 per share, a year earlier.

The comparisons were distorted by an exceptional gain of around 8 billion dollars that the bank had recorded last year as part of a share exchange agreement with Visa.

Except for exceptional costs, JP Morgan gained $ 4.96 per share, compared to $ 4.48 per share expected by analysts, according to estimates compiled by LSEG.

(Report NiKet Nishant, Elena Smirnova, edited by Kate Entringer)

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