The biggest banks in the US have beaten expectations as they continue to grow their profits.

Both Goldman Sachs and JP Morgan Chase have beaten share estimates as consumer banking gives the banking industry a push. Despite earnings being strong, both equity trading and investment banking fell short of expectations. Equities trading fell 12% year-over-year according to Forbes. JP Morgan Chase reduced its forecast for net interest income by $500 million, which is nothing but a scratch for the massive bank, but it does serve as a signal for how tough a time banks are having with interest rates under pressure. Despite this, consumer banking and strong credit card earnings were enough to bring in a large rise in profits. The bank has gone through a 16% rise for profits during the second quarter.

The American financial sphere often looks to the influential JP Morgan Chase and its CEO Jamie Dimon for economic views and signals. Dimon has spread his optimism through the bank’s press release, stating “We continue to see positive momentum with the U.S. consumer, healthy confidence levels, solid job creation and rising wages.”

Wells Fargo also beat expectations with higher than expected revenue growth. Like most other banks including JP Morgan Chase, Wells Fargo’s net interest income also fell short of expectations.