2023-04-14 08:50:26 ET
Stock market investors have been waiting for the beginning of earnings season for weeks, and in many people's eyes, today was the day that it finally came. That's because three large banks -- JPMorgan Chase (NYSE: JPM) , Wells Fargo (NYSE: WFC) , and Citigroup (NYSE: C) -- reported their latest financial results, giving their shareholders a chance to see how their businesses held up during a turbulent period that included the failure of several midsize banking institutions.
Stock market futures had been lower prior to the earnings reports, but they perked up after the latest reports from the bank stocks . Here's a quick look at what these three companies said and what it could mean for stock investors as earnings season progresses.
Shares of JPMorgan Chase performed the best Friday morning, rising almost 6% in premarket trading. The Wall Street bank's first-quarter results gave investors just about everything they had wanted to see.
For further details see:
Big Bank Stocks Are Giving the Market a Boost