April 11 (Reuters) - JPMorgan Chase's ( JPM )

first-quarter profit rose 9% as it earned more from dealmaking

and trading.

Earnings were $14.6 billion, or $5.07 a share, for the three

months ended March 31, the biggest U.S. bank said on Friday.

That compares with $13.4 billion, or $4.44 a share, a year

earlier.

Investment banking fees rose 12% to $2.2 billion. Trading

revenue climbed 21%, higher than the earlier expectations of a

low double-digits percentage gain.

Business was largely buoyed by optimism in the first quarter

that U.S. President Donald Trump would enact pro-growth

policies, ease regulations and lower taxes.

However, the uncertainty surrounding the trade policy has

upended those hopes and fueled market turbulence. Trump last

week unveiled steep reciprocal tariffs on dozens of countries,

only to pause many of them on Wednesday.

(Reporting by Niket Nishant in Bengaluru and Nupur Anand in New

York, editing by Lananh Nguyen and Sriraj Kalluvila)