JPMorgan’s Surprise Dealmaking Gain Shows Tariff Fear Easing

JPMorgan Chase & Co.’s investment bankers eked out a surprise gain in the second quarter, signaling what may be the start of a dealmaking rebound after widespread hesitation tied to US tariff policies.

Investment-banking fees climbed 7%, the bank said in a statement Tuesday, while analysts were expecting a 14% decline. The firm’s stock traders notched their best second quarter ever, and fixed-income trading trounced expectations.