US STOCKS-Wall St set to open higher as JPMorgan, Goldman kick off bank earnings

* Goldman Sachs up as profit jumps on record dealmaking
* JPMorgan falls despite profit surging nearly five-fold
* Coinbase will list on Nasdaq on Wednesday
* Futures up: Dow 0.04%, S&P 0.08%, Nasdaq 0.28%

(Adds comments, bullets, details; Updates prices throughout)
By Shivani Kumaresan
April 14 (Reuters) - U.S. stock indexes were set to rise at
the open on Wednesday after upbeat earnings reports from Goldman
Sachs and JPMorgan boosted investor expectations of a strong
rebound for corporate America amid swift COVID-19 vaccinations.
Goldman Sachs Group Inc GS.N rose 1.5% as it reported a
massive jump in first-quarter profit, capitalizing on record
levels of global dealmaking activity. JPMorgan Chase & Co's JPM.N shares dipped 0.6% even as the
largest U.S. bank's earnings jumped almost 400% in the first
quarter, as it released more than $5 billion in reserves it had
set aside to cover coronavirus-driven loan defaults.
"It certainly is a solid quarter (for banks) ... often the
stocks run up into news and then at least initial reaction is
some profit taking and we were seeing that this morning in
JPMorgan," said Rick Meckler, partner at Cherry Lane Investments
in New Vernon, New Jersey.
"I think investors who have invested in the banking sector
will feel good about the results and which are likely keep them
invested in the sector."
The S&P 500 financials sector .SPSY was one of the best
performers in the first quarter, rising 15%, even as the Federal
Reserve pledged to keep interest rates low in the near future.
Fed Chair Jerome Powell is expected to participate in a
virtual Economic Club of Washington interview later in the day.
First-quarter earnings for S&P 500 companies are estimated
to have risen 25% in the quarter, according to Refinitiv IBES
data. That would be the biggest quarterly gain since 2018, when
tax cuts under former President Donald Trump had powered profit
growth.
Earnings at S&P 500 firms had dropped 12.8% in the first
quarter of 2020 and 30.6% in the second, according to IBES data
from Refinitiv.
At 8:32 a.m. ET, Dow e-minis 1YMcv1 were up 15 points, or
0.04%, S&P 500 e-minis EScv1 were up 3.25 points, or 0.08%,
and Nasdaq 100 e-minis NQcv1 were up 39.5 points, or 0.28%.
The S&P 500 closed at record highs in the previous session
as a jump in high-flying technology stocks helped offset the
impact of stronger-than-expected inflation data and a pause in
the use of Johnson & Johnson's JNJ.N COVID-19 vaccine.
Technology stocks including Apple Inc AAPL.O , Alphabet Inc
GOOGL.O , Microsoft Corp MSFT.O and Tesla Inc TSLA.O edged
higher.
Cryptocurrency and blockchain-related firms including Riot
Blockchain RIOT.O and Marathon Digital Holdings MARA.O rose
4.5% and 1.5% ahead of Coinbase Global Inc's COIN.O listing on
the Nasdaq, a day after bitcoin hit a record high of over
$63,000.