Jan 15 (Reuters) - JPMorgan Chase & Co reported a higher fourth-quarter profit on Friday, as strength in trading and investment banking offset the drag of low borrowing rates on interest income at the largest U.S. bank’s lending business. Net income rose to $12.1 billion, or $3.79 per share, in the quarter ended Dec. 31, from $8.5 billion, or $2.57 per share, a year earlier. Analysts on average had expected earnings of $2.62 per share, according to Refinitiv. (Reporting by Anirban Sen in Bengaluru and David Henry in New York; Editing by Saumyadeb Chakrabarty)