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JPMorgan and Bank Shares Gain Premarket as Investors Await Third-Quarter Earnings Kickoff

Shares of JPMorgan Chase, Wells Fargo, Goldman Sachs, and Citigroup climbed between 0.4% and 1.4% in premarket trading on Tuesday as investors prepared for the kickoff of third-quarter corporate earnings. The reports are expected to provide insights into consumer health, loan demand, credit provisions, and net interest income. U.S. stock index futures were mixed, with Dow E-minis gaining 319 points, or 0.61%, S&P 500 E-minis up 0.03%, and Nasdaq 100 E-minis dropping 0.51% amid semiconductor weakness. Overall S&P 500 third-quarter earnings are projected to rise 30.6% year-over-year.

Category

US 500

Sentiment

Neutral

Event

Earnings guidance

Reading time

1 min