NEW YORK (TheStreet) -- Shares of JPMorgan Chase & Co. (JPM) - Get Report were higher by 0.82% to $62.58 in pre-market trading Tuesday, following the release of the bank's better-than-forecast first quarter earnings results earlier this morning.

The biggest U.S. bank reported its first increase in trading revenues since the financial crisis.

For the first-quarter, earnings rose 12% year to year to $1.45 per share, topping the consensus estimate of $1.40 per share.

Revenue for the period came in at $24.8 billion, also surpassing the $24.5 billion analysts were expecting.

CEO Jamie Dimon added, "We have an outstanding franchise which is getting safer and stronger, and is gaining market share over time. We continue to build the company for the long-term, we are investing in controls, infrastructure, systems, technology, new products and bankers."

New York City-based JPMorgan Chase is a financial service firm and banking institution that provides investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management and private equity.

Separately, TheStreet Ratings team rates JPMORGAN CHASE & CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate JPMORGAN CHASE & CO (JPM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, notable return on equity and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

You can view the full analysis from the report here: JPM Ratings Report

JPM data by YCharts

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