logo
Share SHARE
FONT-SIZE Plus   Neg

Earnings Watch For April 13 (JPM, WFC, SJR)

Financial services giant JPMorgan Chase & Co. (JPM) is scheduled to report first-quarter results before the market opens today. The company is expected to post earnings of $1.18 per share, lower than the year-ago quarter's $1.28 per share. Also, the company is anticipated to generate revenues of $24.68 billion, a decline from $25.79 billion in the prior-year quarter. The company's shares closed Thursday's session at $44.84. (The stock surged around 39% in Q1; MA(50)- $41.49; MA(100)- $37.52; 52-wk H/L $46.49/$27.85)

Prior to opening of the market, Wells Fargo & Co. (WFC) is slated to report results for the first quarter. The financial services firm is expected to earn $0.73 per share compared to $0.67 per share last year, on revenues of $20.46 billion. The stock closed Thursday at $34.02. (The stock rose almost 24% in Q1; MA(50)- $32.11; MA(100)- $29.75; 52-wk H/L $34.59/$22.58)

Canadian media and communications company Shaw Communications, Inc. (SJR) is expected to post second-quarter results. The company is expected to report earnings of $0.37 per share, flat with last year, on revenues of $1.23 billion. The company's shares closed Thursday's regular trading at $20.89. (The stock up about 8% in Q2; MA(50)- $20.48; MA(100)- $20.14; 52-wk H/L $23.24/$18.82)

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chuck E. Cheese pizza and arcade chain's parent company is planning for an IPO, reported Reuters. The public offering would be probably in the second half of 2017. According to the report, the chain has initiated discussions with banks, however has not yet hired any underwriters. The offering would help the restaurant chain for a valuation of around $1 billion. The Federal Aviation Administration said that SkyPan International Inc. will pay a civil penalty of $200,000 for violating federal regulations by flying remote-controlled aircraft in congested airspace over New York and Chicago. This is the largest civil penalty issued by the FAA against a drone operator. Citigroup Inc. on Wednesday reported a 7 percent increase in profit for the fourth quarter from last year as lower revenues were more than offset by decreases in cost of credit as well as operating expenses. Adjusted earnings for the quarter beat analysts' expectations, while revenues missed their estimates.
comments powered by Disqus
Follow RTT