You are here: Home » Reuters » News
Business Standard

Wall St. rises as financials lead before earnings


By Kimberly Chin(Reuters) - Wall Street rose modestly on Thursday afternoon, helped by gains in financials ahead of profit reports from several big U.S. banks Friday.The financial index was the highest performer among the 11 major S&P sectors, rising 0.48 percent.Quarterly earnings kick off on Friday with three of the biggest U.S. banks including JPMorgan Chase , Wells Fargo and Citigroup reporting results.Analysts estimate second-quarter earnings for S&P 500 companies rose 7.8 percent from a year ago. Companies had their best profit performance since 2011 in the first quarter, according ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, July 14 2017. 01:11 IST