US stocks edge lower as investors sift through the first wave of big bank earnings

• US stocks slipped on Friday as investors digest a wave of large-cap bank earnings.
• JPMorgan, Wells Fargo, and Citigroup all posted better-than-feared earnings results.
• Retail sales in March came in weaker than expected, signaling consumers are pulling back on big ticket purchases.

US stocks edged lower on Friday as investors sifted through the first wave of first-quarter earnings results from the largest US banks. 

JPMorgan, Wells Fargo, and Citigroup all posted better-than-expected profit results as the banks benefited from a surge in interest rates. The banks also offered a solid outlook on future net interest income and JPMorgan CEO said he the economy remains resilient.