America’s biggest banks kicked off earnings season with strong results.
NEW YORK — The largest U.S. banks kicked off second-quarter earnings season with strong financial results, posting double-digit profit growth during the first half of 2026 despite ongoing geopolitical uncertainty and persistent inflation concerns.
JPMorgan Chase, the nation’s largest bank, reported $37.6 billion in net income for the first six months of the year, a 27% increase from the same period in 2025. Revenue rose 17% to $107.2 billion.
CEO Jamie Dimon praised the bank’s strong performance while cautioning that geopolitical tensions and inflation remain significant risks for the global economy.
Bank of America posted a 21.5% increase in first-half profit, earning $17.7 billion, while revenue climbed 11% to $61.8 billion. Second-quarter earnings rose 26.6% year over year, supported by broad-based growth across its business segments.
Wells Fargo reported a 12% increase in first-half net income to $11.7 billion, with revenue rising 7.6%. CEO Charlie Scharf said the U.S. economy remains resilient but cautioned that favorable conditions may not last indefinitely.
Investment banking giant Goldman Sachs posted one of the strongest performances, with first-half earnings surging 45% to $12.3 billion. Second-quarter profit jumped 78%, reflecting strength across its global operations.
Meanwhile, Citigroup reported a 49% increase in first-half profit to $11.6 billion. CEO Jane Fraser described the results as the bank’s strongest quarterly revenue performance in a decade.
The earnings reports mark the start of a closely watched reporting season, with Morgan Stanley and BlackRock scheduled to release results on Wednesday.
