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

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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.

 

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