Stock futures rose slightly Friday as earnings season was ready to kick into high gear with reports from some of the largest U.S. banks.JPMorgan Chase is expected on Friday to report third-quarter earnings of $3.95, up from profit of $3.12 a share a year earlier. Much of the anticipated profit gains are expected to come from a 27% increase in net interest income to $22.3 billion, according to analysts.
Citigroup also is scheduled to release third-quarter numbers on Friday. Earnings are forecast at $1.23 a share, down from $1.63 a year earlier. The report from Citigroup is an opportunity for the bank to show that its yearslong turnaround efforts have been bearing fruit. Dollar General said its former chief executive, Todd Vasos, will be coming out of retirement to lead the discount retailer. He previously led the company from June 2015 through November 2022, when he handed over the reins to Jeff Owen, who has stepped down. Dollar General also narrowed its fiscal-year sales growth forecast to a range of 1.5% to 2.5%, compared with a previous range of 1.3% to 3.3%. The stock was up 7.9%.
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