Earnings Report

Shares advanced in Asia on Tuesday, led by a rally in Chinese shares.

U.S. stock indexes wavered in Monday morning trading, weighed down by losses for bank stocks.

The latest on developments in financial markets (all times local): 9:40 a.m.

Investors continued to monitor U.S.-China trade talks as the Treasury secretary said Washington and Beijing were moving closer to a deal.

Banking conglomerate Citigroup said its first quarter profits rose by a relatively quiet 2% from a year earlier, as higher interest income helped offset a decline in trading revenue.

Goldman Sachs said its first quarter earnings fell by 21% from a year earlier, hurt by a slowdown in trading.

Trading revenue fell 18 percent to $3.61 billion in the period.

Citigroup, like its large rivals, is aiming to bounce back from a tough fourth quarter.

The big investment bank’s trading revenue dropped 18 percent to $3.61 billion compared with the year-ago quarter.

U.S. stocks moved broadly higher in early trading Friday on Wall Street, putting the market on track for gains at the end of a shaky week.

Stocks that moved substantially or traded heavily on Friday: Anadarko Petroleum Corp., up $14.98 to $61.78 Chevron will buy the rival oil company for $33 billion as it seeks more growth from deep-water exploration in the gulf and in the Permian Basin.

Stocks at 6 month high after better-than-expected results from J.P. Morgan, energy sector merger

SAN FRANCISCO — Wells Fargo is reporting first-quarter profit of $5.86 billion, up from $5.14 billion a year ago.

The troubled lender is conducting a high-profile search for its next CEO.

JPMorgan Chase is reporting that its first-quarter profits rose 5% from a year earlier, helped largely by higher interest rates, which have allowed banks like JPMorgan to charge more for loans.

The largest bank in the U.S. said in its release that profit rose by 5 percent to $9.18 billion, or $2.65 per share.