Futures subdued as focus shifts to results from big U.S. banks

Published by
Reuters

(Reuters) – U.S. stock index futures were muted on Friday ahead of results from big U.S. banks that will kick off the quarterly earnings season and provide more clues on the strength of corporate America. JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc and Wells Fargo & Co are forecast to report lower fourth-quarter profits before the opening bell, as they stockpile funds to prepare for an economic slowdown. With the Federal Reserve’s aggressive tightening campaign to combat inflation, higher borrowing costs have prompted consumers and businesses to curb their spending, impacting bank…

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