US stocks end mixed despite stellar bank earnings

Goldman Sachs, JPMorgan Chase and Wells Fargo all unveiled earnings for the first quarter that surpassed analysts’ forecasts, but Wall Street ended mixed on Wednesday.

Wall Street indexes closed mixed on Wednesday, with the Nasdaq Composite and S&P 500 falling despite another record intraday high for the latter and big banks’ stellar results on the first day of earnings season. Shares of Goldman Sachs Group Inc and Wells Fargo & Co rose on bumper first-quarter profits. Goldman capitalized on record levels of global dealmaking activity, and Wells reduced bad loan provisions and got a grip on costs tied to its sales practices scandal.