US stocks have opened higher but bank shares are lower following Bank of America's quarterly earnings report, which came in close to expectations.
Five minutes into trade on Thursday, the Dow Jones Industrial Average was up 41.31 points, or 0.30 per cent, at 13,552.54.
The broad-based S&P 500 gained 5.51 points, or 0.37 per cent, to 1,478.14.
The tech-heavy Nasdaq Composite rose 14.43 points, or 0.46 per cent, to 3,131.97.
Bank of America shares were down 1.9 per cent after the company reported fourth-quarter earnings that were sharply lower than the year-ago period, heavily dented by write-offs related to settlements related to its mortgage business.
Citigroup fell 3.0 per cent on its earnings disappointment, also hit by mortgage business charges.
Boeing shares lost another 1.3 per cent after its 787 was grounded around the world for safety inspections.
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