Japan Q2 real GDP preliminary annualized QoQ 1.1% vs expected 2.0%; Q1 revised up to 1.9% from 1.8%.

Wells Fargo says JP Morgan is likely to become the first bank with a market value above $1 trillion, and it maintained an overweight rating while raising its price target to $390 from $375, implying more than 7% upside to last Friday’s close. Analyst Mike Mayo wrote in a Thursday client note that JP Morgan’s “top-tier investment capabilities” could not only help it pass $1 trillion but could see it reach $2 trillion in about 7–8 years. Mayo cited share gains across major businesses, operational optimization, steadier profitability versus global peers, and the CEO-defined “robust balance sheet” as supporting factors.

TASNIM NEWS reported Iranian parliament speaker Ghalibaf said Iran has won the war militarily and politically, adding this does not mean Iran destroyed the US military; rather, he said the US and Israel attacked with nine publicly stated objectives and failed to achieve any of them at any level.