Shares of J.P. Morgan Chase & Co. /zigman2/quotes/205971034/composite JPM -0.59% fell in 1.1% in premarket trading Tuesday, after the banking giant reported second-quarter a profit that more than doubled and revenue that beat expectations, even as markets revenue fell 30%, while net interest income fell below forecasts. Net income rose to $11.95 billion, or $3.78 a share, from $4.69 billion, or $1.38 a share, in the year-ago period. The FactSet consensus for earnings per share was $3.20. The bank said $3.0 billion of credit reserve releases boosted EPS by 75 cents. Net revenue fell 7.2% to $31.40 billion but beat the FactSet consensus of $29.97 billion, while net interest income fell 8% to $12.9 billion to miss expectations of $13.0 billion. Consumer and community banking revenue grew 3.3% to $12.76 billion, beating the FactSet consensus of $12.42 billion, and corporate and investment bank revenue dropped 19.3% to $13.21 billion but beat expectations of $12.19 billion. Fixed income markets revenue dropped 44% to $4.1 billion, missing expectations of $4.16 billion, while equity markets revenue rose 13% to $2.7 billion to be expectations of $2.31 billion. "This quarter we once again benefited from a significant reserve release as the environment continues to improve, but as we have said before, we do not consider these core or recurring profits," said Chief Executive Jamie Dimon. The stock has run up 24.3% year to date through Monday, while SPDR Financial Select Sector ETF /zigman2/quotes/209660484/composite XLF -1.11% has rallied 25.8% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.34% has advanced 14.3%.