JPM, WFC, C: Banks Report Earnings Beats

Markets opened mixed after retail sales and the start of bank earnings. Jeff Pierce discusses the bank earnings that were released today. JPMorgan Chase's (JPM) revenue came in at $38.30B versus an estimated $35.19B and 1Q assets under management came in at $3T. Provisions for credit losses came in at $2.3B, while 1Q adjusted EPS came in at $4.10 versus an estimated $3.41. Citigroup (C), Wells Fargo (WFC) and PNC Financial (PNC) all report earnings today with JPM, WFC, and C reporting earnings beats. UnitedHealth (UNH) also reported an earnings beat today. Tune in to find out more about the stock market today.