Shares of J.P. Morgan Chase & Co. /zigman2/quotes/205971034/composite JPM +2.20% surged 3.7% in premarket trading Tuesday, after the banking giant reported a second-quarter profit that fell, but expectations. Net income fell to $4.69 billion, or $1.38 a share, from $9.65 billion, or $2.82 a share, in the year-ago period. The FactSet consensus for earnings per share was $1.15. Revenue rose 15% to $33.82 billion. Net interest income fell 4% to $13.85 billion, just shy of the FactSet consensus of $13.96 billion, while noninterest revenue grew 33% to $19.9 billion to beat expectations of $15.74 billion. Consumer banking revenue fell 26% to $5.1 billion, corporate and investment bank revenue grew 16% to $16.4 billion, commercial baking revenue rose 5% to $2.4 billion and asset and wealth management revenue rose 1% to $3.6 billion. Fixed income markets revenue nearly doubled (up 99%) to $7.3 billion, while equity markets revenue grew 38% to $2.4 billion. "Despite some recent positive macroeconomic data and significant, decisive government action, we still face much uncertainty regarding the future path of the economy," said Chief Executive Jaime Dimon. "However, we are prepared for all eventualities as our fortress balance sheet allows us to remain a port in the storm." The stock has dropped 30.0% year to date through Monday, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.17% has lost 8.6%.