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 Net income attributable to the bank's common shareholders rose to
$5.78 billion, or $1.54 per share in the second quarter ended June
30 from $5.57 billion, or $1.46 per share, a year earlier.
Analysts on average had expected earnings of $1.44 per share,
according to Thomson Reuters I/B/E/S.
JPMorgan's shares were up 1.3 percent to $69 in premarket trading on
Tuesday.
Total revenue fell 3.5 percent to $23.81 billion, while revenue from
fixed-income trading fell 21 percent to $2.93 billion.
Adjusted for the sale of a physical commodities business and other
adjustments, fixed-income trading would have fallen 10 percent.
JPMorgan is the first of the U.S. banks with large capital markets
and investment banking operations to report second-quarter results.
Many are expected to report underwhelming bond trading results due
to a downturn in bond trading markets in June.
Investor worries spanned the globe last quarter, ranging from the
Greek debt crisis to concerns that the U.S. Federal Reserve would
not be able to raise interest rates this year.
JPMorgan's non-interest expenses declined 6 percent to $14.50
billion in the quarter, helped by business simplification and lower
legal and mortgage banking expenses.
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"We've made good progress this quarter, including meeting regulatory
requirements, reducing non-operating deposits, and adding to our
capital," Chief Executive Jamie Dimon said in a statement. "We are
also on target to deliver on our expense commitments."
(Reporting by Sweta Singh and Richa Naidu in Bengaluru, David Henry
in New York; Editing by Ted Kerr)
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