JPMorgan Chase reported a 12% jump in profits Tuesday as the Wall Street giant raked in billions from a wave of deals and trades driven by Donald Trump’s tariffs and loosened regulations.

The US’s biggest bank’s third-quarter revenue rose 9% to $47.12 billion, fueling earnings per share of $5.07 — blowing past analysts forecasts tallied by the London Stock Exchange Group, which predicted revenues of $45.4 billion and earnings per share of $4.48.

The bank’s 69-year-old CEO Jamie Dimon pointed to the firm’s investment banking unit, which took in $2.6 billion in fees, up 16% from the same period last year, in a sign that executives are feeling more optimistic about dealmaking nearly one year after Trump’s election win.

CEO Dimon pointed to the strong performance of the firm’s investment b

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