Investors tend to use JPMorgan's results as an indicator for the rest of the industry, even though the $2.1 trillion-asset bank is more likely a "high water mark" for the large-cap banks, writes Stifel Nicolaus analyst Chris Mutascio. Overall, analysts are expecting JPMorgan to post substantial growth in profits compared to the second quarter of last year, when it showed its feathers by being the first of the money-center banks to pay back the $25 billion it owed in government bailout funds. Still the forecast is for sequential declines in both earnings and revenue from blowout first-quarter levels. During the April-June period, Chairman and CEO Jamie Dimon's vision of expanding outside the U.S. to grab more institutional and corporate customers became clearer. As part of a broader management shuffle that could signal further contenders as Dimon's eventual successor, the bank named Heidi Miller to head its international banking franchise in June. It also announced a joint venture in China last month as it looks to grab a bigger slice of the lucrative capital markets business there. Should JPMorgan beat Wall Street expectations for the second quarter -- something it has done at least the past five quarters -- it would stoke hopes that the other big banks will be able to beat Wall Street's expectations as well. The bulk of the big bank names, along with many regionals, are slated to report their results over the next two weeks or so, including Bank of America ( BAC) and Citigroup ( C) on Friday; Goldman Sachs ( GS) and Morgan Stanley ( MS) on July 20; and Wells Fargo ( WFC) on July 21.