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*
JPMorgan, Citigroup <C.N> and Wells Fargo are scheduled to
report quarterly earnings on Thursday and could give a glimpse
into the U.S. banking industry after a strong finish in the
fourth quarter.
* Investors are keenly watching the quarterly results to justify
lofty market valuations following a post-election rally, sparked
off by bets that President Donald Trump would introduce
pro-growth policies.
* Earnings of S&P 500 companies are estimated to have risen 10.1
percent in the first three months of the year, the most since
the fourth-quarter of 2014. The index is currently trading at
17.4 times forward earnings estimates, above its long-term
average of 15, according to Thomson Reuters I/B/E/S.
* Federal Reserve Chair Janet Yellen is scheduled to speak in
Michigan after markets close. Investors will be looking to clues
on the central bank's plans to trim its $4.5 trillion balance
sheet after recent comments from Fed officials.
* Wall Street closed slightly lower on Friday after a
disappointing jobs report hit already weakened sentiment
following a U.S. missile strike on Syria.
* Early premarket movers included generic drugmaker Akorn <AKRX.O>,
up 12 percent at $33.30 after confirming that it was in talks to
be bought by German healthcare group Fresenius.
* Swift Transportation <SWFT.N> rose 11 percent to $22.20 after
announcing a merger with Knight Transportation <KNX.N>.
Futures snapshot at 7:04 a.m. ET:
* Dow e-minis <1YMc1> were up 1 point, or 0 percent, with 16,961
contracts changing hands.
* S&P 500 e-minis <ESc1> were up 0.75 points, or 0.03 percent,
with 107,808 contracts traded.
* Nasdaq 100 e-minis <NQc1> were up 0.5 points, or 0.01 percent,
on volume of 17,005 contracts.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
Sriraj Kalluvila)
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