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

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
First-time claims for U.S. unemployment benefits fell by much more than anticipated in the week ended September 13th, according to a report released by the Labor Department on Thursday, with claims pulling back near the fourteen-year low set in July. After ending the previous session mostly higher, stocks may see some further upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 44 points. Banks took up less-than-expected amount of funds at the European Central Bank's first targeted longer term refinancing operation, damping hopes of the success of the measure that was aimed to boost liquidity to help revive lending to small businesses and households.
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