Bank of America reported second quarter profits reached $3.2 billion, while Citigroup said profits reached $4.3 billion April through June, The New York Times reported.
Stocks were mixed with a four-day run upward stalling at the opening bell.
In early afternoon trading, the Dow Jones industrial average gained 2.64 points, 0.03 percent, to 8,714.46. The Standard & Poor's 500 fell 0.29 percent, 2.73 points, to 938.01. The Nasdaq index shed 4.43 points, 0.24 percent, to 1,880.60.
The benchmark 10-year Treasury note fell 15/32 to yield 3.632 percent.
The euro fell to $1.4129, compared to Thursday's $1.4142. Against the yen, the dollar rose to 94.05 yen, compared to Thursday's 93.78 yen.
In Japan, the Nikkei 225 rose 0.55 percent, 51.16 points, to 9,395.32.
In London, the FTSE 100 index rose 0.62 percent, 26.91 points, to 4,388.75.
Copyright 2009 by United Press International.
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