What do the reports say so far
JPMorgan
JPM earned $2.82 a share, beating the $2.50 estimate and it also handily beat on revenues but the company cut its net interest income forecast to $57.5B from $58.0B in the previous quarter. Jamie Dimon said the company expects up to 3 Fed rate cuts this year and the CFO said that net interest income outlook is dependent on that coming to fruition. Shares are down 1.45% in the premarket.
Aslo note the comment from Dimon: "We continue to see positive momentum with the US consumer - healthy confidence levels, solid job creation and rising wages - which are reflected in our Consumer & Community Banking results."
Goldman Sachs
Goldman Sachs crushed estimates by earning $5.81 per share compared to the $4.89 consensus. The dividend was boosted to $1.25 per quarter from 85-cents. Shares are up 1.4% in the premarket.
Johnson & Johnson
Johnson & Johnson earned $2.58 compared to $2.46 expected and the company also raised its full-year sales outlook. Shares are up 0.4% premarket
Domino's Pizza
DPZ earned $2.19 compared to $2.02 per share but sales and US same-store sales both missed and that has sent shares 7% lower.
Wells Fargo
WFC earned $1.30 compared to $1.16 expected with revenues also on the strong side but net interest income missed the lowest estimate. Shares are down 0.6%.
Overall, S&P 500 futures are still in positive territory, up only narrowly. Yesterday the index rose 0.53 points to 3014.
