Shares of J.P. Morgan Chase & Co. rose 1.1% in premarket trading Tuesday, after the banking giant beat profit and revenue expectation as strength in consumer banking and investment banking helped offset a "more challenging" interest rate environment. Net income rose to $9.08 billion, or $2.68 a share, from $8.38 billion, or $2.34 a share, in the year-ago period. The FactSet consensus for earnings per share was $2.45. Revenue increased to $30.06 billion from $27.82 billion to top the FactSet consensus of $28.47 billion, as net interest income rose 2% to $14.4 billion to beat expectations of $14.1 billion. Within business segments, consumer and community banking and corporate and investment bank units beat revenue expectations, while revenue from commercial banking and asset and wealth management came up shy.
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