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JPMorgan Chase (JPM) released its earnings on Tuesday, with profits continuing to grow this quarter, but revenue from several core Wall Street businesses declined after a strong performance in the second quarter.

The largest U.S. bank disclosed that third-quarter net profit rose 6% year-over-year to $15.3 billion, or $5.57 per share, below analyst expectations of $5.90 per share. Net revenue rose 8% year-over-year, climbing from $46.4 billion in last year's third quarter to $50.2 billion. Affected by this quarter's bond market sell-off, the bank incurred $658 million in securities investment losses. Excluding that portion of losses, earnings per share stood at $5.75.

JPMorgan Chase CEO Jamie Dimon warned that although the U.S. economy has shown resilience driven by "robust corporate investment and sustained consumer spending," the "undercurrents of massive fiscal deficits, stubborn inflation, elevated asset prices, rising interest rates, and geopolitical tensions are still shifting." Dimon added: "The aforementioned risk factors may still be manageable, but we remain prepared for all kinds of potential outcomes."

During Tuesday's trading session, JPMorgan Chase shares edged up 1%.

JPMorgan Chase kicked off this round of bank earnings season. After a bumper harvest of banking results in the second quarter, analysts expect revenue growth across institutions to diverge, making this earnings season slightly more nuanced.

The bank's trading business revenue rose 15% year-over-year to $10.3 billion, slightly below market expectations; merger and acquisition advisory fee income rose 14%. However, revenue from both of these core Wall Street segments declined compared with the previous quarter.

Net interest income from the bank's core lending business rose 13% year-over-year to $27 billion. Excluding revenue from the markets business segment, JPMorgan Chase raised its full-year net interest income guidance by $1 billion to $97.5 billion; it also raised its forecast for that metric in 2027 to $107 billion.

JPMorgan Chase, along with peers Wells Fargo (WFC) and Citigroup (C), which also released earnings on Tuesday morning, collectively sent a clear positive signal: against the backdrop of persistently rising interest rates, U.S. consumers have so far maintained strong risk resilience.

JPMorgan Chase's average credit card loan size rose 7% year-over-year, and its credit card charge-off rate fell from 3.15% to 2.91%. Wells Fargo and Citigroup also reported growth in consumer spending and year-over-year improvement in personal credit charge-offs.