JPMorgan Chase on Tuesday delivered quarterly earnings that topped analysts' expectations, helped by lower expenses.
The banking giant posted second-quarter earnings of $1.54 per share, up from $1.46 a share in the year-earlier period.
Revenue fell to $24.5 billion from $25.35 billion a year ago.
Analysts expected to post earnings of $1.44 per share on revenue of $24.51 billion, according to a consensus estimate from Thomson Reuters.
JPMorgan shares rose in premarket trading following the announcement. (Get the latest quote here.)
Revenue from fixed-income trading fell 21 percent to $2.93 billion. Adjusted for the sale of a physical commodities businesses last year, it would have fallen 10 percent.
Drexel Hamilton analyst David Hilder said stripping out some nonrecurring items in the earnings-per-share number, the earnings look more in line with consensus and not quite as far above estimates as the headline suggests.
Still, he noted that equity trading revenues rose 27 percent year over year, investment banking fees jumped 4 percent and loan growth was "strong" with core loans up 12 percent.
"You're seeing that there are a lot of positive revenue drivers," he told CNBC's "Squawk Box."
Little is changing for banks quarter to quarter without an interest rate hike from the Federal Reserve, he said. "Once the Fed starts raising rates, there will be a benefit for the large banks, including JPMorgan."