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LIVE: JPMorgan announces earnings miss

Jonathan Marino
Jamie Dimon pointing
Jamie Dimon pointing

(Mark Lennihan/AP)
JPMorgan CEO Jamie Dimon

JPMorgan's third quarter earnings are out and the bank missed with earnings of $1.32 a share.

Wall Street analysts expected 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 was 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.

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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...

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