"The Corporate & Investment Bank saw strong performance in fees, maintaining a #1 position in global (investment banking) fees year to date, with particular strength in equity capital markets," Chief Executive Jamie Dimon said in a statement.
"In Markets, we saw increased activity and better performance overall, particularly in currencies and emerging markets," he said.
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The quarterly report was the bank's first since Dimon, 58, underwent radiation and chemotheraphy treatment for throat cancer. The illness has raised questions about who might succeed him if he has to step down.
The bank was hit last year by an after-tax expense of $7.2 billion to settle government allegations of wrongdoing related to mortgage instruments before the financial crisis. The latest results included a legal expense of $1 billion after tax.
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However,the bank said it expected total adjusted expenses for 2014 to be above the $58 billion, excluding legal costs, that it had forecast. Costs totaled $59 billion in 2013.
Revenue from fixed-income, currency and commodity trading rose 2.1 percent to $3.51 billion in the latest quarter compared with a year earlier,and was also slightly higher than in the preceding quarter.
Market activity picked up in September, largely due to the European Central Bank's efforts to stimulate growth and a batch of data suggesting the U.S. economy was strengthening.
The surprise exit of superstar Bill Gross from bond trading giant Pimco also spurred bond market activity in late-September.
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"Growth is modest. The headline numbers have come out slightly below expectations, but the model of stability is there, and that's ultimately what you want from a bank," said Simon Maughan, head of research at financial analysis firm OTAS Technologies in London.