U.S. stock index futures were higher Friday as bank shares got a boost after the release of the Federal Reserve's stress test results while investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping.
Futures for the Dow Jones Industrials gained 73 points, or 0.3%, to 26,619.
Futures for the S&P 500 nicked up 6.25 points, or 0.2%, at 2,937.25.
NASDAQ futures added 5.5 points, or 0.1%, to 7,696
J.P. Morgan Chase, Morgan Stanley, Citigroup and Wells Fargo all rose more than 1.5% in the premarket. Goldman Sachs and Bank of America gained more than 2% each.
Their gains come after they passed the Fed's annual stress test and got approval to boost dividends and share repurchase programs. Goldman hiked its quarterly dividend by nearly 50% while J.P. Morgan raised its dividend by 10 cents.
Procter & Gamble also gave futures a jolt, rising 1.4% after an analyst at Goldman Sachs upgraded the stock to buy from neutral. The analyst said Procter “has been a clear benefactor of the recent acceleration in end-market growth, and we expect the market to continue to grow in the 3%-plus range in the future.”
But Wall Street's gains were kept in check as traders awaited the Trump-Xi trade meeting scheduled for Saturday.
Friday's session marks the end of a stellar month for stocks. The major indexes were all up more than 6% through Thursday's close. The Dow was on pace for its biggest June gain since 1938. The S&P 500 was set to post its best June performance since 1955.
On the data front, there will be personal income figures, consumer spending and a core personal consumption expenditures price index released at 8:30 a.m. ET.
Overseas, the Nikkei 225 backed on 0.2% Friday, while in Hong Kong, the Hang Seng index also fell off 0.3%
Oil prices gained 14 cents to $59.57 U.S. a barrel.
Gold prices brightened $4.90 to $1,416.90 U.S. an ounce.