Bank of America separately reported its latest earnings on Tuesday, and in keeping with theme it beat analyst forecasts. Although its profit in the third quarter fell more than 10 percent from the same period last year, the decline was not as steep as expected, bolstered by a jump in trading revenue and investment-banking fees.

In recent days, U.S. markets have shown notable strength, driven by a mix of solid earnings reports and positive economic data.

Bank of America, Goldman Sachs and Citigroup will be the next big banks to report results on Tuesday. They follow JPMorgan and Wells Fargo, whose earnings last week were well received by Wall Street.