JPMorgan Chase‘s fourth-quarter earnings beat expectations as the biggest U.S. bank benefited from busy capital markets, though it faced higher expenses and slower trading activity.

The banking powerhouse posted profits of $10.4 billion in the final three months of 2021 on $30.3 billion in revenue. That took earnings per share to $3.33. Wall Street was expecting profits of $9.1 billion, or $3.01 a share, on revenue of $29.8 billion, based on analysts surveyed by FactSet.

“JPMorganChase…