11:48 AM EDT, 04/11/2025 (MT Newswires) -- US stock indexes were mixed in late-morning trading Friday after China raised tariffs on US imports to 125% and the latest consumer sentiment data came in below expectations.

In company news, JPMorgan Chase ( JPM ) reported Q1 earnings Friday of $5.07 per diluted share, up from $4.44 a year earlier and above FactSet's analyst consensus estimate of $4.63. First-quarter net revenue was $45.31 billion, up from $41.93 billion in the year-ago period and above the FactSet consensus estimate of $43.99 billion. JPMorgan ( JPM ) shares were up 2.4% around midday.

Wells Fargo ( WFC ) reported Q1 earnings Friday of $1.39 per diluted share, up from $1.20 a year earlier and above the FactSet consensus of $1.23. Total Q1 revenue was $20.15 billion, down from $20.86 billion a year ago and below the FactSet consensus estimate of $20.72 billion. Wells Fargo ( WFC ) shares were down 3.6%.

Morgan Stanley ( MS ) reported Q1 earnings Friday of $2.60 per diluted share, up from $2.02 a year earlier and above the FactSet consensus estimate of $2.18. First-quarter net revenue was $17.74 billion, up from $15.14 billion a year earlier and above the FactSet consensus of $16.54 billion. Morgan Stanley ( MS ) shares were down 0.7%.

BlackRock ( BLK ) reported Q1 adjusted earnings Friday of $11.30 per diluted share, up from $9.81 a year earlier and above the FactSet consensus estimate of $10.08. Total Q1 revenue was $5.28 billion, up from $4.73 billion a year ago but below the FactSet consensus of $5.29 billion. Chief Executive Larry Fink said during the company's earnings call that the tariff announcements by President Donald Trump "went beyond anything I could have imagined in my 49 years in finance." BlackRock ( BLK ) shares were up 0.7%.

Price: 232.63, Change: +5.52, Percent Change: +2.43