Midday Report: Deutsche Presses Play on Netflix; Financials Boost Wall Street

U.S. stocks were mostly higher on Friday as big banks benefited from a boost in trading revenue over the fourth quarter. Bank of America (BAC) - Get Report and JPMorgan (JPM) - Get Report climbed on a better-than-expected quarter. Consumer sentiment weakened in January, according to the latest reading from the University of Michigan. A metric on current conditions climbed, while a measure of expectations slid from December. GameStop (GME) - Get Report tumbled after reporting a disappointing holiday season. Sales slid more than 16% over the nine weeks ending December, while same-store sales fell nearly 19%. Netflix (NFLX) - Get Report climbed after Deutsche Bank upgraded its rating to hold from sell. The firm said it anticipates higher international subscriber numbers when the streaming service reports next week.