Source: Sharecast
Net revenues increased 10% year-on-year to $49.84bn in the three months to 31 March, ahead of the $49.13bn consensus forecast.
The consumer and community banking division reported a net turnover of $19.57bn, up 7% year-on-year, with 13% growth in the card services and auto arm making up for more tepid growth in retail banking, wealth management and mortgages.
In the commercial and investment bank, however, net revenues jumped 19% to $23.38bn, with bright spots being the 38% surge in investment banking revenues to $3.1bn and the 20% jump in markets revenues to an all-time high of $11.6bn due to strong client activity.
First-quarter earnings rose 13% to $16.49bn, with earnings per share up 17% at $5.94, some 50 cents ahead of analysts' forecasts.
Chief executive Jamie Dimon said the US economy remained "resilient" during the quarter with consumer spending and business conditions both solid.
However, he added: "At the same time, there is an increasingly complex set of risks – such as geopolitical tensions and wars, energy price volatility, trade uncertainty, large global fiscal deficits and elevated asset prices.
"While we cannot predict how these risks and uncertainties will ultimately play out, they are significant and they reinforce why we prepare the firm for a wide range of environments.”
The stock was down 0.2% at $312.93 by 1509 BST, shortly after the opening bell on Wall Street.