Premarket Moves in JPMorgan, Bank of America, IBM and Apple After Earnings
U.S. stock futures turn mixed as bank earnings beat Wall Street estimates See how JPMorgan, Apple and IBM are moving before the opening bell
U.S. stock futures were mixed as several major companies reported quarterly results before the opening bell on Tuesday.
JPMorgan Chase shares edged lower after the bank reported secondquarter earnings that beat Wall Street expectations on both profit and revenue. Bank of America also topped estimates, while Wells Fargo was slightly lower despite betterthanexpected results. Goldman Sachs rose after posting strongerthanexpected earnings and revenue, while Citigroup slipped even after reporting its best quarterly revenue in a decade.
In technology, Apple fell about 1% after KeyBanc downgraded the stock and said higher prices could weigh on consumer demand. IBM dropped sharply after releasing weakerthanexpected preliminary secondquarter earnings. Ericsson also declined after missing revenue expectations.