12:12 PM EDT, 04/12/2024 (MT Newswires) -- Wall Street's major indexes were all down on Friday as the big banks kicked off earnings season.

In company news, JPMorgan Chase ( JPM ) reported better-than-expected first-quarter earnings and revenue on Friday, but its net interest income outlook disappointed investors. Earnings per share came in at $4.44, up from $4.10 a year ago and above the consensus on Capital IQ of $4.14. The bank recorded revenue of $41.93 billion, beating Wall Street's estimate of $41.69 billion and a year-over-year increase of 9%. JPMorgan ( JPM ) continued to forecast net interest income of $90 billion, unchanged from January. Shares of the company were down 5.2% near midday.

Citigroup ( C ) reported Q1 EPS of $1.58, down from $2.19 a year ago but above the consensus estimate of $1.17. Its revenue of $21.1 billion also topped the consensus estimate of $20.4 billion, though it too was down from the year prior's $21.45 billion. The bank continues to forecast full-year revenue of $80 billion to $81 billion, compared to the Street's estimate of $80.15 billion. Citigroup ( C ) shares were down 2.8% around noon.

Wells Fargo ( WFC ) reported Q1 earnings per share of $1.20, down from $1.23 the year prior but above the Capital IQ-polled consensus of $1.05. Revenue edged up 1% to $20.86 billion, topping the Street's forecast of $20.15 billion. Shares of the bank were down 0.1% in midday trading.

BlackRock ( BLK ) reported Q1 adjusted earnings of $9.81 per diluted share, up from $7.93 a year ago and above the Capital IQ-polled consensus of $9.37. Revenue for the quarter was $4.73 billion, up from $4.24 billion the year prior and above the Capital IQ-polled consensus estimate of $4.71 billion. BlackRock ( BLK ) shares were down 1.6% near noon.

US Steel (X) and Nippon Steel are debating whether to push back the time frame to close their $14.1 billion deal to the second half of 2024, Bloomberg reported, citing people familiar with the conversations. Shares of US Steel were down 1.5% around midday.

Exxon Mobil ( XOM ) and Hess (HES) said Friday they are moving forward with investments in the offshore Whiptail development project in Guyana after receiving government and regulatory approvals. The $12.7 billion Whiptail project will include up to 10 drill centers with 48 production and injection wells, the companies said. Exxon stock was up 0.5% while Hess shares were down 0.7% near noon.

StubHub is looking to go public by late summer, The Information reported, citing people close to the company.

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