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Barchart
Oleksandr Pylypenko

S&P Futures Tick Lower as Investors Digest Big Bank Earnings

United Kingdom Citigroup Inflation John Williams Susan Collins United States Wells Fargo JPMorgan Chase

June S&P 500 E-Mini futures (ESM24) are down -0.71% this morning after the release of JPMorgan Chase, Wells Fargo, and Citigroup quarterly earnings reports:

  • JPMorgan Chase (JPM) first-quarter profits increased by 6%. However, the bank's forecast for net interest income for the entire year is below expectations. The stock is down -3.3% pre-market.
  • Wells Fargo's (WFC) stock is trading down -0.88% in the pre-market even though it reported better than expected earnings. 
  • Citigroup's (C) stock is trading up -0.77% in the pre-market after it reported better than expected earnings.
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