Stocks headed for a lower start despite Bank of America's beat

U.S. stock futures declined Monday morning despite Bank of America topping estimates. It seems that with a busy earnings week ahead, some prefer to take profit. Investors will focus on the many corporate results due this morning, some deals and more economic data.

There have been some discussions recently that the economy's distress may be easing. And no better way to show an encouraging sign from the struggling banking sector with Bank of America (BAC) reporting significantly better-than-expected earnings for the first quarter. Similarly, not only did PepsiCo (PEP) report better-than-expected quarterly earnings, the soft-drink maker also offered about $6 billion to buy the shares it does not already own in its two largest bottlers.