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JPMorgan Chase posted results for the second-quarter that beat analyst expectations.

JPMorgan Chase & Co.'s second-quarter profit marked the megabank's sixth in a row of stronger-than-expected results, as the bank benefitted from a reduced provision for credit losses, brisk markets revenue and a “resilient” U.S. economy.

JPMorgan Chase reports earnings before the market open on Tuesday. Analysts expect earnings per share of $4.48 and revenue of $44.16 billion, according to LSEG.

PSA-J and JPM-J preferreds, issued simultaneously with similar yields, show a pricing misalignment favoring PSA-J for better credit quality and upside potential. Public Storage is less leveraged than JPMorgan, with both offering strong dividend coverage and 'Single-A' IDR, making PSA-J the safer pick. A pair trade—long PSA-J, short JPM-J—locks in a $1.70 spread with manageable shorting costs, capitalizing on mean reversion in pricing.

JPMorgan is well positioned to outperform, driven by robust net interest income, deregulation, capital flows, and a rebound in capital markets activity. The delay of Basel III Endgame and strong Fed Stress Test results provide JPM with significant capital flexibility for dividends, buybacks, and growth initiatives. I estimate a $335 price target for JPM, reflecting a 17% upside based on forward EPS and a P/E multiple expansion to 16x/17x.

JPMorgan Chase faces headwinds from declining net interest income due to lower rates and increased external borrowing, making common shares less attractive now. Loan and deposit growth remain modest, with a notable jump in external financing tied to investment banking, posing a near-term earnings risk. Despite industry-wide credit concerns, JPMorgan's strong allowance for credit losses and low nonperforming asset ratio provides stability and downside protection.

JPMorgan Chase reportedly reorganized its private bank and named a global head of the bank, which is a new role. [contact-form-7] David Frame, who previously served as the U.S. head of the private bank, has been appointed to the new role, the Wall Street Journal (WSJ) reported Thursday (July 3).

JPMorgan Chase (JPM -0.57%) is a massive financial institution with more assets than any other U.S. bank and an $804 billion market cap. To be perfectly clear, it is a remarkable business with fantastic leadership.

Credit-card giant Capital One Financial now owns its own network, just as American Express does. What will it do with it?

The Investment Committee give you their top stocks to watch for the second half.