What were the combined earnings of the banks in Q2?

Combined earnings exceeded $49 billion, up 39% year-over-year.

What drove the increase in bank earnings?

The increase was driven by higher net interest income and investment banking fees, supported by elevated interest rates and a stable economy.

Big Banks' Q2 2026 Earnings Surge 39% to $49 Billion

The five largest US banks—JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo—posted combined earnings of more than $49 billion in Q2 2026, a 39% increase year-over-year, according to The Wall Street Journal.

July 14, 2026

2 min read

Source: The Wall Street Journal

Key Numbers

combined earnings

49B

growth percentage

39%

According to a report by The Wall Street Journal, five of the largest US banks collectively earned more than $49 billion in the second quarter of 2026, a 39% jump compared to the same period last year.

Key Financial Results

Bank	Revenue	Net Income	YoY Growth
JPMorgan Chase	N/A	N/A	N/A
Goldman Sachs	N/A	N/A	N/A
Bank of America	N/A	N/A	N/A
Citigroup	N/A	N/A	N/A
Wells Fargo	N/A	N/A	N/A

Note: Individual bank figures have not been released yet; the total combined earnings reached $49 billion.

Highlights from the Report

The report attributed the strong performance to higher net interest income and increased investment banking fees, supported by elevated interest rates and a stable economy.

Forward Guidance

The banks did not provide specific guidance for the next quarter, but analysts expect the positive momentum to continue given the high interest rate environment.

Impact on Stocks

No immediate stock price reactions were reported, but the strong results are likely to boost investor confidence.

What This Means for Investors

The collective results underscore the strength of the US banking sector amid high interest rates, which could support dividend payouts and share buybacks. However, individual bank reports should be examined for a more precise assessment.

Frequently Asked Questions

The report covered five banks: JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.