Earnings Report

Citigroup reported 1Q profit of $1.10 per share on an adjusted basis, topping the estimate for $1.03. Revenue came in at $17.6 billion The estimate was for $17.47 billion.

As the earnings season goes into full swing, many have anticipated lackluster first quarter results, which could unhinge the recent market recovery off the February lows.

The banks continue to struggle under pressure from the energy industry as oil prices have plunged since the summer of 2014 and the glut of global supply has helped push companies to default on their loans.

Wall Street inched higher in muted trading on Thursday, propped up by financial stocks, as investors turn their focus on corporate earnings season.

Unilever announced first-quarter earnings results on Wednesday that showed steady global growth despite weak (and declining) demand in many key markets.

The big number from Netflix 's fourth-quarter report in January was 75 million, or the total subscriber base that the streaming-video giant reached just a few hours after midnight on Dec. 31.

Delta Air Lines suffered a minor setback in Q1 as passenger revenue per available seat mile (PRASM) slumped 4.6%, after it had gotten PRASM nearly back to the flat line in Q4.

Wells Fargo reported a 7 percent fall in quarterly profit as it set aside more than $1 billion to cover bad loans, saying its energy portfolio remained under "significant stress."

Bank of America, the No. 2 U.S. bank by assets, reported an 18 percent slide in quarterly profit on Thursday as its trading business was hit by concerns about a global economic slowdown and uncertainty about U.S. interest rates.

Delta Air Lines on Thursday reported a first-quarter profit above analysts' expectations and forecast a smaller decline in passenger unit revenue for the spring, promising to change its fall flight capacity if necessary to improve the measure.

BlackRock, the world's largest asset manager, said on Thursday its profit fell about 20 percent during a first quarter that featured a dramatic reversal for markets.

JPMorgan Chase CEO Jamie Dimon took the opportunity in the bank's first-quarter earnings release to emphasize that his team is positioning JPMorgan Chase"to withstand any environment and to maintain scale and profitability through the cycle." Image source: JPMorgan Chase.

JPMorgan's 1Q beat the street...Will Bank of America and Wells Fargo follow suit? These ETFs can help you bet around the sector.

Image source: Instagram.

Image source: Alcoa Alcoa (NYSE: AA) reported earnings of zero cents a share in the first quarter of 2016.

JPMorgan Chase, the biggest U.S. bank by assets, reported a 6.7 percent drop in quarterly profit as costs to cover possible sour loans to troubled shale oil companies rose and revenue from trading and investment banking declined.

Twitter just put its first-quarter earnings release on the calendar.

A Big Mac, fries and a Coke seems to be what investors are craving these days along with a bag of Doritos and a smoke.

It is only April, but some on Wall Street are already predicting a rotten 2016 for U.S. banks.

Cisco says it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a restructuring.