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JPMorgan Chase, Wells Fargo, and Citi reported second-quarter earnings that were better than Wall Street estimates.
Dreamstime
Stock futures traded higher Friday after the
S&P 500
crossed 4,500 and some of the largest U.S. banks reported second-quarter earnings.
These stocks were poised to make moves Friday:
JPMorgan Chase
(ticker: JPM) rose 3% after the banking giant posted second-quarter earnings and revenue that beat Wall Street’s forecasts. It saw a surge in profit in the period thanks to higher interest rates and its acquisition of
First Republic Bank
in May.
