Stock futures flat after JPMorgan results; Goldman Sachs, Wells Fargo eyed

REUTERS: U.S. stock futures were trading flat on Tuesday as investors parsed through the earnings report from JPMorgan Chase and awaited results from Wall Street banks such as Goldman Sachs and Wells Fargo.

Citigroup Inc kicked off the earnings season on Monday, with a mixed quarterly report. It posted a better-than-expected profit but a decline in its net interest margin raised concerns that it could signal lower profits across the industry as interest rates have dropped.Trade war remains a key focus for investors this earnings season as well as they look to determine how deeply it would hurt the profits and forecasts of companies.Profit at S&P 500 companies is likely to dip 0.

Dow Industrials member Johnson & Johnson rose 0.5per cent after reporting a 41.8per cent rise in second-quarter profit, helped by its pharmaceuticals business.

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