$1.82 per share, vs $1.58 EPS expected

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Jamie Dimon, chief executive officer of JPMorgan Chase & Co.

JPMorgan Chase is scheduled to report second-quarter earnings Friday morning.

Analysts polled by Reuters expected JPMorgan Chase to report second quarter earnings per share of $1.58 on revenue of $24.96 billion.

In the second quarter of last year, the bank reported earnings of $1.55 per share on revenue of $25.2 billion.

Wall Street is watching whether trading revenues have held up amid low market volatility. In the first quarter, the bank reported a 17 percent year-on-year increase in revenue from fixed income trading.

Loan growth and any comments from CEO Jamie Dimon during the earnings conference call could shed light on the state of economic growth.

JPMorgan said in late June it authorized share buybacks of up to $19.4 billion between July 1 and June 30 next year, its largest since the financial crisis.

Along with 33 other banks, JPMorgan passed the second round of the Federal Reserve’s annual stress tests in late June when the central bank did not object to any of their capital return plans. Only Capital One Financial was given conditional approval of its plan. All 34 banks also passed the Dodd-Frank Act Stress Tests for the third time by topping the Fed’s requirements for being able to handle a severe recession.

The encouraging reports sent financial stocks higher to sixth-best place in the S&P 500 for the year so far, up more than 7 percent.

Separately, Dimon said on June 8 in a memo that Matt Zames was leaving his position as chef operating officer after 13 years at firm.

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