Financial stocks getting a big boost after J.P. Morgan Chase, Wells Fargo earnings beats

Financial stocks are on track for a broad rally Friday, as better-than-expected first-quarter earnings reports from sector heavyweights J.P. Morgan Chase & Co. JPM, +0.84% and Wells Fargo & Co. WFC, -0.10% providing a boost. The SPDR Financial Select Sector ETF XLF, +0.60% rallied 1.6% ahead of the open, with shares of J.P. Morgan surging 2.7% and Wells Fargo edging up 0.2%. Among banks scheduled to report results on Monday, shares of Citigroup Inc. C, +0.60% rallied 1.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Stocks making the biggest moves premarket: Boeing, Wells Fargo, Morgan Stanley, GE & moreSome of the names on the move ahead of the open.
Source: CNBC - 🏆 12. / 72 Read more »

JP Morgan Chase is set to report first-quarter earnings – here's what the Street expectsBank stocks under-performed the broader market in the first quarter after the Federal Reserve said in March that it was pausing rate hikes for the remainder of the year. 9 Wall Street Execs Who Cashed In on the Crisis. Meet the moguls who made out like bandits. (NO JAIL TIME) BIG FAT BONUSES.!! 2008.!! TAX CUTS TO THE RICH DON'T WORK!! WHEN YOU DON'T PUT THESE SOB'S IN JAIL YOU GET MORE OF THE SAME.!! katieporteroc
Source: CNBC - 🏆 12. / 72 Read more »