JPMorgan Chase reported higher-than-expected earnings and revenue, driven by strong equity trading performance. The bank’s profit rose in the first quarter, boosted in part by its acquisition of First Republic.

JPMorgan Chase on Friday reported better-than-expected fiscal first-quarter results as big banks kicked off the new earnings season.

JPMorgan’s net income rose 9% to $14.6 billion in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but the bank warned of global economic uncertainties ahead due to President Donald Trump’s ongoing trade war and other geopolitical calamities.