The start of the corporate season heightened the levels of positivism around the investors, as three of the four biggest banks in USA posted better than expected data on their Q1 reports.
Citigroup showed rise in it's earnings per share with 9 cents, as analysts expected EPS of $1.24 and the result from the bank was $1.35 per share.
JPMorgan was the second of the three with positive results. The expected data was $1.52, and the actual result was $1.35 per share.
Wells Fargo's earnings per share were with 3 cents better, as the analysts expected $0.97 earnings per share, and the actual data was $1.00
Wells Fargo & Co, which has been mired in litigations stemming from a sales scandal, reported a 0.6 percent fall in quarterly profit on Thursday, hit by weaker mortgage banking fees and higher costs.
Junior Trader Alexander Kumanov
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