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

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Financial services giant JPMorgan Chase & Co. (JPM: Quote) 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: Quote) 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: Quote) 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)

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
British manufacturing growth eased further in August to its lowest level in 14 months as output and demand increased at slower rates, survey results from Markit Economics showed Monday. The Markit/CIPS Purchasing Managers' Index dropped to 52.5 from a revised 54.8 in July. Economists had expected the score to fall to 55.1 from July's original figure of 55.4. Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame. India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday. Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months.
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