Shares of J.P. Morgan Chase & Co. JPM, +0.83% rose 1.5% in premarket trading Tuesday, after the banking giant reported fourth-quarter earnings that beat expectations, helped by a “strong” consumer, stabilization in global economic growth and the resolution of some trade issues. Net income rose to $8.52 billion, or $2.57 a share, from $7.07 billion, or $1.98 a share, in the year-ago period. The FactSet consensus for earnings per share was $2.35. Total net revenue on a reported basis increased to $28.3 billion from $26.1 billion, above the FactSet consensus of $27.7 billion. Net interest income fell 2% to $14.3 billion, but beat the FactSet consensus of $14.10 billion. Consumer & community banking revenue grew 2.5% to $14.04 billion, above the FactSet consensus of $14.10 billion, while corporate and investment bank revenue rose 31% to $9.47 billion to beat expectations of $8.15 billion. Markets and security services revenue grew 55% to $6.14 billion. “The U.S. consumer continues to be in a strong position and we see the benefits of this across our consumer businesses,” said Chief Executive Jamie Dimon. “The U.S. consumer continues to be in a strong position and we see the benefits of this across our consumer businesses.” The stock has climbed 17.8% over the past three months through Monday, while the SPDR Financial Select Sector ETF XLF, +0.68% has advanced 11.6% and the Dow Jones Industrial Average DJIA, +0.29% has gained 7.9%.