US futures steady as big banks kick off earnings season: Stock market news today

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Eyes are on how hard Wall Street's biggest lenders are being hit by higher-for-longer interest rates.

Stock futures were mixed on Friday as big US banks kicked off earnings season with upbeat profits, but the developing conflict in the Middle East kept investors on watch.Stock futures steady as big bank earnings roll in

US stocks were broadly unchanged before the bell on Friday, paring earlier losses after JPMorgan and other Wall Street lenders posted healthy third-quarter results.The major US stock gauges were trending lower on Friday, as BlackRock's results led out the stream of Wall Street bank earnings expected to land.

-Wells Fargo on Friday beat analysts' estimates for third-quarter profit as it benefited from customers paying more interest and raised its annual forecast for future income from interest payments. The lender now expects 2023 net interest income - the difference between what the bank earns on loans and pays out on deposits - to be about 16% higher than a year earlier. The swiftest tightening of U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street drifts as inflation reports offer few clues on interest ratesNEW YORK (AP) — U.S. stocks are drifting, and yields are climbing following mixed economic reports that offered no slam-dunk clues about where interest rates are heading.
Source: SooToday - 🏆 8. / 85 Read more »

Birkenstock stumbles in its stock market debut as Wall Street trades in its wingtips for sandalsNEW YORK (AP) — Birkenstock shares are stumbling in their debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
Source: SooToday - 🏆 8. / 85 Read more »

Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandalsNEW YORK (AP) — Birkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
Source: SooToday - 🏆 8. / 85 Read more »