From The Economic Times · · 1m 10s
JPMorgan Chase Gold Trading Revenues Hit $5 Billion
JPMorgan Chase earned $700 million from gold and silver trading in 2026, pushing US banks toward record $5 billion annual revenue.
In brief
JPMorgan Chase earned $700 million from gold and silver trading in 2026, pushing US banks toward record $5 billion annual revenue. JPMorgan Chase and other US banks generated $5 billion in precious metals trading revenue in 2026, driven by surging investor demand and price volatility. Originally reported by The…
Precious Metals Trading Revenue
JPMorgan Chase earned $700 million from gold and silver trading in the first half of 2026.
“Most people i've spoken to here had a very good year, a record year”
Record Annual Revenue Target
US banks worldwide are expected to generate $5 billion from precious metals trading this year.
2020 Performance Benchmark
JPMorgan Chase earned slightly more than $1 billion from precious metals trading in 2020.
Deutsche Bank's Half-Year Earnings
Deutsche Bank earned more than $200 million from precious metals trading in the first half of 2026.
Market Volatility Drivers
Surging investor demand and sharp price swings created lucrative trading opportunities for banks.
London Bullion Market Activity
Citigroup joined JPMorgan, UBS, HSBC and ICBC Standard Bank as new participants in London's gold market.
Price Trends and Risks
Spot gold and silver remain at more than twice their levels from early 2024 despite recent market pullback.
The big picture
JPMorgan Chase and other US banks generated $5 billion in precious metals trading revenue in 2026, driven by surging investor demand and price volatility.
