JP Morgan (JPM) will report earnings
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Recapping Last Week, Previewing Next Week
JPMorgan (JPM) Will Report Earnings
Banks formally kick off earnings season tomorrow morning when JPM, PNC, and WFC all report.
The exception to the bright green market today was the financial sector (-0.5%).
J.P. Morgan is set to report Q1 earnings tomorrow before the market opens with a conference call to follow at 8:30am ET.
The biggest driver of today's weakness, though, is the underperformance of the heavily-weighted financial sector (-2.3%). It has fallen victim broad-based profit-taking activity.
The market will be paying close attention to several reports from the banking industry on Friday morning. The two "most important" being Bank of America and JP Morgan.