JPMorgan (JPM) passed the Fed's stress test, announced a 5-cent increase in its quarterly dividend to 30 cents a share, and said its board authorized a new $15 billion buyback program. Shares were down 0.1% to $43.33 after popping in the previous session and in after-hours trading.
Chesapeake Energy (CHK) and partners M3 Midstream and EV Energy Partners (EVEP) plan to build a $900 million pipeline system in eastern Ohio that will process and transport natural gas from the Utica shale. The system is expected to be in operation by the second quarter of next year. Chesapeake shares were down 0.3% to $24.62.
BB&T (BBT) passed the stress test with a capital ratio of 6.4%. It raised its quarterly dividend 25% to 20 cents a share from 16 cents.
Guess (GES), the apparel company, is expected by analysts to post fourth-quarter earnings of $1.05 a share on revenue of $778.8 million.
Specialty retailer Pacific Sunwear (PSUN - Get Report) posted a fourth-quarter loss of 19 cents share on sales of $234.2 million. Analysts were expecting a loss of 22 cents a share on sales of $245.4 million.
PMC-Sierra (PMCS), the chip company with a storage, optical and mobile networks specialty, said its board has approved a new, $275 million share repurchase program. -- Written by Joseph Woelfel and Andrea Tse >To contact the writer of this article, click here: Joseph Woelfel Related links:
JPMorgan Shares Jump on Dividend, Buyback
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