JPMorgan Chase today reported a 5.4% rise in quarterly profit, boosted by higher interest income and gains in the bank's advisory and debt underwriting business. 

The largest US bank by assets said net income rose to $9.18 billion, or $2.65 per share, in the first quarter to the end of March, from $8.71 billion, or $2.37 per share, a year earlier. 

Analysts had estimated earnings of $2.35 per share, according to IBES data from Refinitiv. 

Wells Fargo, the fourth biggest US bank by assets, is expected to report quarterly results later in the day.