NEW YORK (AP) — Stock futures are pointing to a rebound for the market after JPMorgan Chase & Co. reported earnings that beat expectations.
The banking giant said Wednesday its first-quarter net income jumped 67 percent to $5.56 billion, or $1.28 per share. Analysts expected just $1.15 in earnings per share.
Ahead of the opening bell, Dow Jones industrial average futures are up 77 points, or 0.6 percent, to 12,270. S&P 500 futures are up 9.40, or 0.7 percent, to 1,317.70. Nasdaq 100 futures are up 19.25, or 0.8 percent, to 2,312.25. Asian and European markets also rose.
The Dow on Tuesday fell to its biggest drop since March 16 after Japan raised the severity of its nuclear crisis and Alcoa Inc. reported disappointing revenue growth.
