LIVE: JPMorgan announces earnings
Wall Street analysts were expecting earnings of $1.38 per share for JPMorgan, according to Bloomberg. A year ago the bank posted earnings of $1.36 a share.
The bank is expected to generate between $23.26 billion and $24.61 billion in revenues, according to Bloomberg, making for an average target of $24.04 billion.
The Tuesday afternoon report for JPMorgan comes after back-to-back earnings beats. The universal bank is hosting a conference call shortly to discuss its performance with analysts and reporters.
This is a big week for Wall Street banks. More earnings are on the way; including Wells Fargo and Bank of America on Wednesday October 14; and Citigroup and Goldman Sachs Thursday October 15. Morgan Stanley will reveal results next week.
More on this news as it develops...