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* Bank of America's, shares were up 0.9 percent
at $15.62 after the No. 2 U.S. bank by assets, reported a
first-quarter profit of $2.98 billion, compared with a surprise
loss a year earlier. On Tuesday, JPMorgan Chase & Co reported
better-than-expected profit.
* Delta Air Lines and Charles Schwab will report results later
on Wednesday with video streaming company Netflix Inc reporting
after the close of markets.
* Concerns have been growing that this earnings season will be
weak due to lower oil prices, a strong U.S. dollar, and poor
weather in the eastern United States in recent months.
* Shares of Avon Products <AVP.N> were up 2.2 percent at $9.35
in premarket trading after the Wall Street Journal reported on
Tuesday that the direct seller of cosmetics was exploring a sale
of its North American business.
* Google Inc's shares were up 0.3 percent at $538 in premarket
trading after the U.S. search engine giant said it strongly
disagreed with the European Commission, which accused it of
distorting Internet searches in its favor and launched an
antitrust probe into its mobile operating system Android.
* Intel, which reported results after the bell on Tuesday, was
up 3.6 percent at $32.62 in premarket trading after the
chipmaker forecast revenue broadly in line with Wall Street's
expectations and signaled a hefty cut in capital expenditures
this year.
Futures snapshot at 7:32 a.m. (1132 GMT): * S&P 500 e-minis were
up 4.75 points, or 0.23 percent, with 82,284 contracts changing
hands. * Nasdaq 100 e-minis were up 10 points, or 0.23 percent,
in volume of 12,246 contracts. * Dow e-minis were up 45 points,
or 0.25 percent, with 15,024 contracts changing hands.
(Reporting by Tanya Agrawal; Editing by Chizu Nomiyama)
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