Revenues of JP Morgan Chase rise in Q2

NEW YORK (AA) - Revenues at JP Morgan Chase rose 2.9 percent in the second quarter, the bank announced Thursday.

The multinational investment firm's revenues rose to $25.2 billion from $24.5 billion in the same quarter a year ago.

Net income was slightly down, falling to $6.2 billion during the April-June period, from $6.3 billion the previous year, marking a 1.6 percent decline.

Meanwhile, diluted earnings per share at the U.S.'s largest bank increased slightly to $1.55 from $1.54.

"Outside of energy, both wholesale and consumer credit quality remained very good," Jamie Dimon, Chairman and CEO, said in a statement.

He said between the second quarters of 2015 and 2016, consumer deposits were up 10 percent, credit card sales volume rose 8 percent and the core loan, which includes mortgage and commercial real estate, increased by 16 percent.

After the release of the results for second quarter, JP Morgan Chase's share value rose 1.8 percent to $64.30 per share as markets opened Thursday, after closing at $63.26 in the previous session.