JPMorgan beats estimates on strong trading, underwriting

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JPMorgan beats estimates on strong trading, underwriting
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JPMorgan Chase & Co posted a better-than-expected rise in quarterly profit on Tu...

) posted a better-than-expected rise in quarterly profit on Tuesday, as strong results at its trading and underwriting businesses offset weakness in consumer banking.

Net income at the United States' largest bank rose to $8.52 billion, or $2.57 per share, in the quarter ended Dec. 31, from $7.07 billion, or $1.98 per share, a year earlier. Net revenue rose 9% to $29.21 billion.

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