JPMorgan Chase Surges to Record Profit with Attractive Preferred Shares

JPMorgan Chase reported strong second-quarter results, with a net profit of $21.2 billion and earnings per share of $7.71.

The bank's growth in non-interest revenue drove these impressive numbers.

In addition to its solid financial performance, JPMorgan's preferred shares offer an attractive yield of 6.39%.

Jim Cramer, a well-known financial analyst, recently praised big banks like JPMorgan for their stability and expressed caution towards fintech stocks, which have struggled with price declines despite strong earnings.