NEW YORK (AP) — JPMorgan Chase & Co. said Tuesday that its second-quarter profit rose 4 percent from a year earlier, as the bank continued to trim expenses and notched a solid performance at its investment banking division.

The largest U.S. bank by assets earned $5.78 billion after payments to preferred shareholders, up from a profit of $5.57 billion a year earlier. On a per share basis, the bank earned $1.54 per share, compared with $1.46 per share a year earlier.

JPMorgan’s investment bank posted net income of $2.34 billion in the quarter, up 10 percent from a year earlier. While revenue was down in both its trading and investment banking advisory business, the bank was able to trim expenses to make up for the revenue declines.

The bank saw solid growth in its consumer banking division as well, with net income of $2.53 billion, up 1 percent, helped by lower expenses. The bank saw higher sales and loan growth in its auto and credit card division, which helped the bottom line as well.

The overall earnings results beat analysts’ expectations. The average estimate of financial analysts surveyed by FactSet was $1.43 per share. That estimate typically excludes one-time items.

Net revenue at the bank totaled $23.81 billion, compared with $24.68 billion in the same period a year earlier.

Shares of JPMorgan rose 1 percent in pre-market trading.