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Woofun AI reports that JPMorgan Chase achieved its highest-ever quarterly profit, driven by strong performance in its trading division. Stock trading revenue for the second quarter climbed 86% year-over-year to $6.03 billion, surpassing analyst forecasts and pushing total trading revenue to $12.1 billion. This figure exceeds the previous record set in the first quarter of the year.
Additionally, a $46 billion gain from long-term Visa Inc. holdings contributed significantly to the bank's record-breaking financial results.