NEW YORK (TheStreet) -- JP Morgan (JPM - Get Report) , the largest bank by assets in the U.S., reported 2016 second quarter earnings of $1.55 per share, beating analyst estimates of $1.43 per share, CNBC's Kayla Tausche reported on "Squawk Box" Thursday.
The bank reported higher that estimated revenue of $25.2 billion.
Shares of JP Morgan are rising by 2.28% to $64.60 this morning.
Investors are keeping an eye on the earnings of U.S. banks to see if the companies were impacted by the instability in the European Union and Britain following the Brexit.
JP Morgan will continue to serve its clients just as it did in during the financial crisis, as the situation in Europe clears up, JP Morgan CEO Jamie Dimon told CNBC.
The bank did see a small positive trading bump at the end of June, both during and after the Brexit vote, JP Morgan CFO Marianne Lake told CNBC.
The third quarter could still see what is a seasonal slowdown, which usually happens on Wall Street during the summer, Lake said.
The bank would prefer to keep its European headquarters in London, which is a very feasible financial center, but Lake says it is too early to predict what the outcome of the Brexit will be.
Separately, TheStreet Ratings team set this stock at a "buy" with a ratings score of A-. The company's strengths can be seen in multiple areas, such as its expanding profit margins and attractive valuation levels. TheStreet Ratings team feels its strengths outweigh the fact that the company shows weak operating cash flow.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: JPM