Earnings live: Wall Street bank stocks mixed despite profit haul

A series of big bank results kicked off the second quarter earnings season on Tuesday.

A series of big bank results kicked off the second quarter earnings season on Tuesday. JPMorgan (JPM), the country's largest bank, reported its biggest quarterly profit on record, driven by a nearly $6 billion windfall from stock trading. Bank of America (BAC), Goldman Sachs (GS), Wells Fargo (WFC), and Citigroup (C) also reported results.

The results showed a strong start to what’s expected to be a strong earnings season for the S&P 500 (^GSPC). According to FactSet data, analysts estimate the year-over-year S&P 500 earnings growth rate for the second quarter will be 23.3% — above the five-year average of 16.4% and the 10-year average of 10.3%.If that holds, it will mark the second consecutive earnings growth rate above 20% for the index and the seventh straight quarter of double-digit growth. Also reporting earnings this week are ASML Holding N.V. (ASML), Johnson & Johnson (JNJ), Morgan Stanley (MS), BlackRock (BLK), United Airlines Holdings (UAL), Taiwan Semiconductor Manufacturing Company (TSM), UnitedHealth Group (UNH), GE Aerospace (GE), and Netflix (NFLX).