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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