JPMorgan Chase reported a second-quarter net profit of $14.2 billion on Tuesday, down from $18.3 billion a year ago, but ahead of Wall Street expectations. The bank posted adjusted earnings of $4.96 per share, surpassing analysts’ forecast of $4.48, although lower than the $6.12 per share it earned in Q2 2024.Total managed revenue stood at $45.7 billion, beating the Street’s estimate of just under $44 billion but trailing last year’s $51 billion haul. The markets division was a standout, with revenue jumping 15% to $8.9 billion, AP reported.CEO Jamie Dimon praised the bank’s performance but warned of persistent macroeconomic threats. “The finalisation of tax reform and potential deregulation are positive for the economic outlook, however, significant risks persist – including from tariffs and trade uncertainty, worsening geopolitical conditions, high fiscal deficits and elevated asset prices,” Dimon said in a statement.He added that while the US economy remained resilient in the second quarter, JPMorgan is preparing for a broad range of outcomes amid an uncertain global environment.Net interest income rose 2% to $23.3 billion. Although banks like JPMorgan have benefitted from elevated interest rates in recent quarters, expectations of one or two rate cuts by the Federal Reserve this year could impact profitability going forward.Dimon, one of the most influential voices in the global banking sector, is known for weighing in on broader policy and economic issues. His remarks are closely tracked in both Washington and Wall Street.Shares of JPMorgan fluctuated in pre-market trade following the earnings release, while broader US markets remained largely flat.