Earnings Report

Big profit reports from several banks on Friday reminded markets that already healthy earnings for U.S. companies are climbing even higher, and the S&P 500 rose to put itself on track to close out its best week in a month and a half.

Wells Fargo's profit jumped 6 percent during the first quarter, but that may be revised following an offer by federal regulators to settle a host of investigations into the consumer banking giant at a cost of $1 billion.

Wells Fargo is acknowledging that Federal regulators have offered to resolve a host of investigations into the consumer banking giant for $1 billion.

Citigroup says its first-quarter profit rose 13 percent from a year earlier, as the bank benefited from the new tax law and higher interest rates.

Wells Fargo surpassed 1Q expectations but $1 billion fine may result in earnings revisions.

Citigroup (C), the fourth largest U.S. bank by assets, on Friday released its first-quarter results and they were better than Wall Street expected.

The nation's biggest bank booked record earnings.

The air carrier reported a record number of accounts were opened in the first quarter of 2018.

U.S. stocks are climbing Thursday morning as technology companies, banks and industrial companies rally.

JPMorgan Chase, Wells Fargo and Citigroup will give look at impact of tax reform.

The latest on developments in financial markets (all times local): 9:35 a.m.

Rite Aid Corp. on Thursday reported fiscal fourth-quarter net income of $767.1 million, after reporting a loss in the same period a year earlier.

Delta Air Lines Inc. on Thursday reported a first-quarter net income of $547 million.

Global markets have been under pressure since February and investors have moved between asset classes, adding to volatility amid fears of an overheating economy and a potential trade war.

The No. 2 U.S. airline by passenger traffic's earnings per share remained flat at 77 cents.

A wave of stock market volatility has become the norm this year.

Quirks in the new U.S. tax code are sowing doubts over how much big banks can boost dividends and stock buybacks this year, threatening to take the shine off what are likely to be strong quarterly profits.

Less competition has led to higher profits for Atlantic City's casinos in 2017 — but will it last with two more casinos soon to join the mix?