BUZZ-U.S. Stocks on the Move- Bank stocks, Versar, Johnson & Johnson

Tue Oct 14, 2014 9:26am EDT
 
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U.S. stock index futures rose on Tuesday, after the S&P 500 suffered its worst three-day drop since November 2011, as investors digested earnings from a trio of large banks. Dow Jones industrial average e-mini futures were up 0.54 percent at 16,319, S&P 500 e-mini futures were up 0.76 percent at 1,879.75 and Nasdaq 100 e-mini futures were up 0.90 percent at 3,832.5.

** JPMORGAN CHASE & CO, Monday close $58.16, -1.81 pct premarket

The biggest U.S. bank boosted revenue from trading and investment banking, and moved past the huge legal claims that pushed it into a rare loss in the same quarter last year. The company recorded net income of $1.36 per share. Analysts on average had expected earnings of $1.38 per share.

** CITIGROUP INC, Monday close $49.9, +2.61 pct premarket

The bank said it would exit consumer banking in 11 markets, as the most international of the big U.S. banks looks to shrink its way to better profits. Citigroup also reported a 13 percent rise in adjusted third-quarter net profit, helped by better results from its portfolio of troubled assets left over from the financial crisis.

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