JPMorgan investment bank's 1st quarter Earning is on top

JPMorgan Chase & Co reported a jump in first-quarter earnings on Wednesday, as revenue from its investment bank offset losses on consumer loans.

The New York-based bank reported a quarterly profit of $3.3 billion, or 74 cents a share, compared with $2.1 billion, or 40 cents a share, a year earlier. Analysts on average expected the bank to report a profit of 64 cents a share, according to Thomson Reuters I/B/E/S.

The JPMorgan investment bank posted revenue of $28.2 billion.

Shares of JPMorgan climbed almost 2 percent to $46.70 in premarket trading. Shares in the company have climbed 10 percent since the start of the year.