JPMorgan Chase & Co, the biggest US bank by assets, has today reported a 5.2% increase in quarterly profit as expenses declined.
The bank said its net income rose to $6.29 billion from $5.98 billion a year earlier.
On a per share basis, the bank earned $1.54 compared with $1.46 the same time last year.
Analysts on average had expected earnings of $1.44 per share, according to Thomson Reuters I/B/E/S.
Revenue from fixed-income trading fell 21% to $2.93 billion.
JPMorgan is the first of the US banks with large capital markets and investment banking operations to report second-quarter results.
Overall, the banks are expected to show flat to lower revenue from fixed-income trading from a year earlier, which was a relatively strong period.
Investor worries spanned the globe last quarter, ranging from the Greek debt crisis to concerns that the US Federal Reserve would not be able to raise interest rates this year.
"We've made good progress this quarter, including meeting regulatory requirements, reducing non-operating deposits, and adding to our capital," the bank's chief executive Jamie Dimon said.
"We are also on target to deliver on our expense commitments," he added.
