dow jones tickerBy Jared Cummans, The Motley Fool

Analysts are calling for the bellwether to report EPS of $1.16 with revenues just over the $25 billion dollar mark. JPMorgan Chase (JPM) has exceeded their last four earnings reports by over 10%, which is good news to investors, but positive marks may be overcast by a bad outlook. Analysts are predicting the year over year sales growth for the quarter to be almost -10%, with the 2011 fiscal year expected to see sales shrink by roughly 3%. With a shaky forecast for the future, the company's share price may take a hit either way, depending on the outlook they give, and what they are doing to combat their shrinking revenues [see also All-ETF Portfolio for Cheapskate Investors: How Low Can We Go?].

With this major earnings report on tap, today's ETF to watch will be the iShares Dow Jones U.S. Financial Services Index Fund (IYG) . This ETF tracks the Dow Jones U.S. Financial Services Index, which measures the performance of the financial services industry segment of the U.S. equity market including real estate and general finance. JPMorgan Chase ranks as the top holding (12.4%) followed by the remaining "big four": Wells Fargo (WFC) (10.9%), Bank of America (BAC) (9.3%), and Citigroup (C) (8.8%). IYG has had a strong 2011, returning just over 2.6% with a dividend yield of approximately 0.5%. With JP Morgan accounting for a significant portion of this fund, its earnings report will have a major role in IYT's performance today.

Disclosure: No positions at time of writing.

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