Financial services giant JPMorgan Chase & Co. (JPM) is expected to report results for the second quarter. The company is expected to earn $0.76 per share on revenues of $21.93 billion. In the year-ago quarter, JPMorgan reported earnings of $1.27 per share on revenues of $27.41 billion. The shares closed Thursday at $34.04. (The stock declined about 22% in Q2; MA(50)- $35.44; MA(100)- $39.16; 52-wk H/L $46.49/$27.85)
Peer Wells Fargo & Co. (WFC) is due to post second-quarter results. The financial services firm is expected to report earnings of $0.81 per share versus $0.70 per share last year, on revenues of $21.36 billion. Shares of WFC closed Thursday's trade at $32.85. (The stock dropped around 1% in Q2; MA(50)- $32.28; MA(100)- $32.58; 52-wk H/L $34.59/$22.58)
PDL BioPharma, Inc. (PDLI) is scheduled to report second-quarter results. Earnings and revenue for the quarter are expected to be $0.46 per share and $118.54 million respectively. In the prior year, the company earned $0.39 per share on revenues of $122.13 million. The company's shares closed Thursday's session at $6.79. (The stock gained nearly 7% in Q2; MA(50)- $6.47; MA(100)- $6.38; 52-wk H/L $6.87/$5.15)
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.