The net interest, what the bank earns from the difference between deposit and lending rates, was 21.8 billion, which can be compared with the average forecast of 21.2 billion dollars.
The return on equity also ended up higher than expected at 20 percent, against the expected 16.3 percent.
On Wall Street, it’s the thumbs up. JP Morgan’s stock rises just over 2 percent in futures trading after the report.
At the same time, competitor Wells Fargo reports a net interest income of 13.2 billion dollars, against an expected 12.9 billion.