Major U.S. Banks Report Strong Q2 Earnings, Undermining Recession Fears
Five major U.S. banks reported strong second-quarter earnings in July 2026, with JPMorgan Chase setting a new record for quarterly profit at $7.70 EPS and collectively surpassing Wall Street expectations. These results challenge bearish economic forecasts by showing stable consumer credit and robust dealmaking activity.
Tickers: $BAC $C $GS $JPM $WFC
Topics: bank earnings financial sector performance recession fears