JPMorgan posted record net income of $21.2B (+41% YoY) in Q2 2026, the largest quarterly profit in US banking history, on managed revenue of $58.0B (+27%). But a big slice was one-off: a $4.6B gain on Visa shares added $1.27 to EPS, so adjusted EPS was $6.14 vs $7.70 GAAP, on a 23% ROTCE. Pillars scored: Valuation 62 (P/E ~15x is fair, but ~3x tangible book at an all-time-high price is full), Financial Health 85 (fortress: 14.1% CET1, 23% ROTCE, credit contained), and Growth 78 (record, but Markets +86% and IB fees +30% are the most cyclical lines). Aggregate 75 / 100 sits right on the Low-Mod threshold: a genuinely strong bank, priced richly on earnings that lean on the least durable revenue.