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Wall Street flat as industrials offset slide in bank stocks

Reuters 

By Amy Caren Daniel(Reuters) - U.S. stock indexes were little changed on Friday as a slide in financials on the three big Wall Street banks reporting mixed results was offset by gains in industrials as the U.S.-China trade rhetoric eased overnight.Wells Fargo's shares slid 3.7 percent and led losses on the benchmark S&P 500 after the bank reported a bigger-than-expected drop in quarterly profit as lending slowed and costs rose.Citigroup fell 3 percent after its quarterly profit topped estimates, but revenue fell short due to lower debt underwriting.JPMorgan reversed premarket gains after a ...

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First Published: Fri, July 13 2018. 20:02 IST
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