JPMorgan Chase is set to report second-quarter earnings — here’s what the Street expects

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JPMorgan Chase is scheduled to report second-quarter results before the opening bell Friday, kicking off the banking industry's earnings season.

JPMorgan has been a port in the storm for bank investors this year. Earnings reports from the biggest U.S. bank by assets are closely watched for read-throughs for other lenders.

Here's what Wall Street expects, according to analysts' estimates:

JPMorgan has been a standout recently on several fronts. Whether it's about deposits, funding costs or net interest income — all hot-button topics since the regional banking crisis began in March — the bank has outperformed smaller peers.

That's helped shares of the bank climb 11% so far this year, compared with the 16% decline of the KBW Bank Index. When JPMorgan last reported results in April, its shares had their biggest earnings-day increase in two decades.

This time around, JPMorgan will have the benefit of owning First Republic after its U.S.-brokered takeover in early May.

The acquisition, which added roughly $203 billion in loans and securities and $92 billion in deposits, may help cushion JPMorgan against some of the headwinds faced by the industry. Banks are losing low-cost deposits as customers find higher-yielding places to park their cash, causing the industry's funding costs to rise.

That's pressuring the industry's profit margins. Last month, several regional banks disclosed lower-than-expected interest revenue, and analysts expect more banks to do the same in coming weeks. On top of that, banks are expected to disclose a slowdown in loan growth and rising costs related to commercial real estate debt, all of which squeeze banks' bottom lines.

Lenders have begun setting aside more loan-loss provisions on