U.S. stock index futures indicated a higher open on Wednesday, amid more first quarter financial earnings and a swathe of economic data.
Bank of America (BAC) posted a first-quarter profit, swinging from a surprise loss a year earlier when it took a charge of $6 billion for litigation expenses. However, the bank saw a slight decline in its investment banking and equity and debt market businesses while JPMorgan Chase (JPM) reported investment banking fees and core trading revenues were both up about 20 percent year over year.
Among the several other financial firms posting results before the bell, US Bancorp reported earnings in-line with estimates on revenue that missed. PNC Financial beat on earnings but missed on revenue. Charles Schwab also reports.
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