Futures for the Dow Jones Industrials jumped 146 points, or 0.5%, early Friday to 30,750.
Futures for the S&P 500 hiked 12.75 points, or 0.3%, to 3,806.
Futures for the NASDAQ Composite jumped 20 points, or 0.2%, to 11,817.50.
Wells Fargo shares slipped more than 1% in the pre-market on the back of earnings results. The bank said quarterly profits declined 48% as it set aside funds for bad loans. Citigroup is also slated to report later in the morning.
A day earlier, investors combed through troubling reports from JPMorgan Chase and Morgan Stanley, which kicked off major bank earnings, and also weighed the likelihood of larger interest rate hikes from the Federal Reserve and looming recession concerns.
Shares of JPMorgan Chase dropped about 3.5% after the bank said it built up reserves for bad loans, and suspended share buybacks.
Meanwhile, Morgan Stanley’s shares declined 0.4% after the bank reported weaker-than-expected investment banking revenue.
Elsewhere in corporate news, Pinterest shares surged 14% following a Wall Street Journal report that said activist investor Elliott Management took a stake of more than 9% in the social media company.
On the economic front, the latest report on June retail sales, as well as import and export prices, are due out Friday at 8:30 a.m. ET. Preliminary July data for consumer sentiment is out at 10 a.m. ET.
In Japan, the Nikkei 225 picked up 0.5% Friday. In Hong Kong, the Hang Seng slumped 2.2%
Oil prices $1.45 to $97.23 U.S. a barrel.
Gold prices dipped $1.90 to $1,703.90 U.S. an ounce.