LIVE: JPMorgan announces earnings

JPMorgan will soon announce its third quarter earnings.

Wall Street analysts were expecting earnings of $US1.38 per share for JPMorgan, according to Bloomberg. A year ago the bank posted earnings of $US1.36 a share.

The bank is expected to generate between $US23.26 billion and $US24.61 billion in revenues, according to Bloomberg, making for an average target of $US24.04 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…

NOW WATCH: How one simple mistake cost ‘Real Housewives’ superstar Bethenny Frankel millions

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.