New Delhi, July 14 -- NEW YORK - Every line of business at JPMorgan Chase hit a new record in the second quarter. The chief executive opened the earnings call by acknowledging it while warning investors not to get comfortable.

JPMorgan Chase (JPM) reported net income of $21.2 billion for the second quarter, a 41 percent rise from the same period a year ago and the largest quarterly profit ever recorded by a US bank. The headline figure includes a $4.6 billion after-tax gain from the sale of Visa shares and an additional $1 billion from other equity investments - together accounting for roughly $1.56 per diluted share of the $7.70 reported EPS. Stripped of those one-time items, the bank generated $16.9 billion in net income, still a 13 pe...