JPMorgan Chase's Thursday morning earnings might mean good news for other banks, according to one analyst.
JPMorgan reported higher-than-expected earnings of $1.55 per share, beating estimates of $1.43 per share.
"Their trading results exceeded expectations, particularly driven by post-Brexit activity. That's potentially a positive upside for some of the bigger banks," Jason Goldberg, senior analyst at Barclays, told CNBC's "Power Lunch".
Although JPMorgan was able to surpass expectations, some experts say there wasn't much to beat.
"It was a solid quarter, but remember, all of these earning they're beating on lower expectations," said Fred Cannon, director of research and chief equity strategist at Keefe, Bruyette & Woods. "Post- what-happened-with-Brexit in the bond market with these low yields, expectations came down and JP Morgan did nicely beat it on the revenue side."