* Stock futures point to sharply higher open
* Sentiment boosted by JPMorgan, Intel results
* For up-to-the-minute market news, click [STXNEWS/US]
(Updates with JPMorgan results)
By Edward Krudy
NEW YORK, Oct 14 (Reuters) - U.S. stock index futures
pointed to a rise of more than 1 percent at the open on
Wednesday after JPMorgan Chase & Co
JPMorgan, the first major U.S. bank to report quarterly earnings, said profit rose sharply as underwriting revenue at its investment bank offset deeper losses on credit cards and other consumer loans.
The bank's profit and a stronger outlook from chip maker
Intel Corp
"Obviously the (JPMorgan) results look much better than expected, on both the top line and the bottom line. It's an old leader in the industry, but it certainly delivered," said Peter Boockvar, equity strategist at Miller Tabak & Co in New York.
JPMorgan shares rose about 4 percent in premarket trade on the better-than-expected results. Intel shares rose 4.7 percent.
S&P 500 futures