Here come JP Morgan earnings...

JP Morgan, the largest US bank, is set to report earnings for the first quarter of 2015 on Tuesday morning.

Analysts polled by Thomson Reuters estimate we'll see a print of $1.38 in earnings per share (EPS) on $24.4 billion in revenue for the bank.

That would be up slightly from $1.28 in EPS on $23.86 billion at the same time last year.

As for what people will be watching for, in the fourth quarter of last year JPM paid $990 million worth of legal costs, and it took a big toll on the banks bottom line. Expect everyone to be looking to see improvements there, especially since JPM CEO Jamie Dimon said he said he expected legal costs to level out going into 2016.

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