LIVE: JPMorgan reports Q2 earnings

JPMorgan is expected to report second-quarter earnings at 6:45 ET Thursday.

Analysts are expecting adjusted earnings per share of $1.43 on revenue of $24.50 billion, according to Bloomberg.

Total trading revenue is expected to come in at $5.16 billion, according to a Bloomberg survey of analysts, while investment banking revenue is expected to be $1.49 billion.

In the same quarter last year, JPMorgan beat expectations, reporting earnings per share of $1.54 ($1.45 expected) on revenue of $24.3 billion.

In the first quarter, JPMorgan beat on the top and bottom lines, reporting earnings of $1.35 per share ($1.24 expected) on revenue of $24.08 billion ($23.80 expected).

"While challenging markets impacted the industry, we maintained our leadership positions and market share in the Corporate & Investment Bank and Asset Management, reflecting the strength of our platform," CEO Jamie Dimon said in a statement at the time.

The big story during the second quarter was the UK's decision in June to leave the European Union, which sent shockwaves through markets and could deter central banks from raising interest rates anytime soon.

In the short term, that could be good news for banks' trading revenues, but the long term impacts are less rosy. Bank profitability is largely based on the rate at which they make loans. Lower global interest rates, in turn, negatively affect bank bottom lines.

Citigroup and Wells Fargo are set to report Q2 earnings on Friday morning, followed by Bank of America Merrill Lynch on Monday, Goldman Sachs on Tuesday, and Morgan Stanley on Wednesday.