🔹 Revenue: $21.67B (Est. $21.00B) 🟢;UP +8% YoY
🔹 EPS: $1.96 (Est. $1.60) 🟢;UP +29% YoY
🔹 NII: $15.18B (Est. $14.05B) 🟢;UP +12% YoY
Segment / Product Results
🔹 FICC Sales & Trading Rev: $4.27B (Est. $3.92B) 🟢
🔹 Equities Sales & Trading Rev: $1.61B (Est. $1.55B) 🟢
🔹 US Personal Banking Rev: $5.12B (Est. $5.26B) 🔴
🔹 Total Loans: $725.3B (Est. $706.82B) 🟢;UP +5% YoY
Guidance
🔹 Sees FY Adj. Revenue ~ $84.0B
CEO Commentary
🔸 “We reported another very good quarter and continue to demonstrate that our strong results are sustainable through different environments. With revenue up 8%, Services continues to show why this high-return business is our crown jewel.”
🔸 “Markets had its best second quarter performance since 2020 with a record second quarter for Equities. Banking revenues were up 18% and we continue to be at the center of some of the most significant transactions.”