JPMorgan Chase Raises Full-Year Expense Guidance to $107.5B Amid Q2 Trading Surge

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JPMorgan Chase raised its full-year expense guidance to approximately $107.5 billion in Q2 earnings, reflecting stronger-than-expected trading activity and higher compensation costs. CFO Jeremy Barnum characterized the cost increases as "benign," noting they mainly reflect the strong start to 2026. The guidance increase exceeded earlier indications from CEO Jamie Dimon.
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