JP Morgan earnings beat add to positive vibes for US equities ahead of the open
JP Morgan Q3 earnings beat estimatesEPS beat estimates as it came in at $2.34 versus the expected $2.24 while revenue growth was $27.822 billion versus the expected $27.203 billion. And that will help add to the feel-good factor in US stocks ahead of the opening bell later in the day.
US equity futures are already trading higher holding close to 1% gains at the moment and JP Morgan could help kick start a series of positive news to underpin equities in the session ahead. Among the other lenders set to report today are Citigroup and Wells Fargo.
Shares of JP Morgan jumped by 1.5% in pre-market but is now settling to about 0.8% gains but it is also helping to underpin other bank stocks on the day too: