US stocks reached new highs at the close, but are set to start lower, according to futures. The big banks are a sector in focus in pre-market.
Behemoth JP Morgan (NYSE:JPM) is a stock in play in pre-market and shares fell 0.75% as traders focused on a big drop in trading revenue.
JPMorgan's profit rises, bond trading slumps https://t.co/VgP2GOz9Gx pic.twitter.com/wXRZPLVtB8
— Reuters Top News (@Reuters) 12 October 2017
Against the consensus, earnings per share (EPS) were US$1.76 against US$1.65 on revenues of US $26.2bn compared to consensus of US$25.23bn.
Fixed income trading revenue fell 27% to US$3.16bn, which was worse than the US$3.25bn, which had been projected by Wall Street.
Citigroup Inc (NYSE:C) shares lost 0.59% after hours at US$ 74.50 as Wall Street expects the firm to post EPS of US$1.29 in the latest quarter.
From banks to pizzas and analysts expect Dominos Pizza Inc (NYSE:DPZ) to report earnings in the three months of US$1.22 per share on revenue of $623.20mln before the opening bell. Domino's shares nudge 1.55% lower after the bell to stand at US$206.