although revenues slipped by 2 percent year on year net income also declined even though the bank still posted solid profits of 2200000000 dollars for the 3 month period j.p. morgan chase said revenue in its retail bank division surged by 11 percent but investors were concerned about slower loan growth tighter lending margins and soft capital market results net income still exceeded 9200000000 well ahead of expectations. the bank's c.e.o. jamie dimon said positive momentum in the u.s. economy was helping the banking sector but he pointed to geo political uncertainties as a reason for the dips and the banks market driven business. the results are broadly in line with the robust growth the u.s. economy continues to enjoy at the end of july it would have grown for 121 consecutive months the longest hot streak since records began in 854.