US STOCKS-Financial stocks lift Wall St as bank earnings beat

viernes 14 de octubre de 2016 11:25 GYT

* JPMorgan, Citi, Wells Fargo beat revenue estimates

* Financials top gainers among S&P sectors

* Microsoft rises after Cowen & Co lifts price target

* Indexes up: Dow 0.63 pct, S&P 0.42 pct, Nasdaq 0.54 pct (Adds details, comments, updates prices)

By Yashaswini Swamynathan

Oct 14 (Reuters) - Wall Street was on track for its best day of the month on Friday as financial stocks rose following better-than-expected results from three big banks.

The S&P 500's financial index surged 1.16 percent, its best showing in seven days, after JPMorgan, Citigroup and Wells Fargo reported quarterly revenue and profit that beat market expectations.

JPMorgan and Citi rose slightly, while the scandal-hit Wells reversed course to trade down 0.15 percent. Bank of America was the top influence on the S&P, while Goldman Sachs had a similar impact on the Dow.

The two banks are scheduled to report results along with Morgan Stanley next week.   Continuación...