Including a $406 million after-tax benefit from a legal settlement, the bank reported second quarter earnings of $1.82 a share.
In the second quarter of 2016, the bank reported earnings of $1.55 per share on revenue of $25.2 billion.
"We continued to post very solid results against a stable-to improving global economic backdrop," JPMorgan CEO Jamie Dimon said in a release. "The U.S. consumer remains healthy, evidenced in our strong underlying performance in Consumer & Community Banking."
Average loans in consumer and community banking rose 3 percent from last year, while core loans climbed 9 percent. For the rest of the year, JPMorgan said it expects average core loan growth to rise 8 percent.
However, overall market trading revenue declined 14 percent year on year. Fixed income trading fell 19 percent "due to reduced flows driven by sustained low volatility and tighter credit spreads, against a strong prior year," the bank said.
Revenue from stock trading fell 1 percent year on year.
The earnings benefit from legal costs relates to a settlement with federal regulators over the bank's acquisition of Washington Mutual.
The bank also forecast adjusted expenses of about $58 billion for the year, unchanged from prior estimates.
Return on equity rose to 12 percent, up from 11 percent the prior quarter and 10 percent a year ago.