NEW YORK, Oct. 14 (Xinhua) -- JPMorgan Chase's profits beat Wall Street expectations in the latest quarter due to strong investment banking business.

    The New York-based bank said on Wednesday that it earned 3.6 billion U.S. dollars during the third quarter, or 82 cents a share.

    Analysts anticipated the company to report a profit of 2.03 billion dollars for the quarter, or 52 cents a share.

    The firm's investment banking business was one particularly bright spot in the latest quarter as profit within the division climbed to 1.9 billion dollars. Much of that was driven by a strong performance in its fixed income division.

    Meanwhile, JPMorgan Chase's CEO Jamie Dimon cautioned that the company continues to face challenges, particularly within its consumer-related divisions such as its credit card business.