Stocks to Watch: JPMorgan, Wells Fargo, AMD
NEW YORK -- JPMorgan Chase (JPM), still feeling the fallout from the "London Whale" trading loss, is expected by analysts Friday to report a third-quarter profit of $1.24 a share in the September-ended period on revenue of $24.53 billion.
5 Things to Watch for in JPMorgan Chase Earnings
Wells Fargo (WFC), facing a lawsuit for its mortgage practices related to the financial crisis, is seen by analysts Friday posting quarterly earnings of 87 cents a share on revenue of $21.47 billion.
Advanced Micro Devices (AMD) forecast Thursday third-quarter revenue of $1.27 billion, a 10% sequential decline. Previously, AMD had predicted a sequential decrease of 1%, plus or minus 3%. Analysts were looking for sales of $1.38 billion. AMD Slides on Weak Revenue
Shares of Sprint (S) rose 14.3% to $5.76 on Thursday after the telecommunications company confirmed it was in talks for a possible "substantial" investment. from Japanese firm Softbank. Reuters, citing sources with direct knowledge of the matter, reported Friday that Softbank is in talks with three major Japanese banks to borrow $23 billion (1.8 trillion yen) to finance a bid for Sprint. Sprint Confirms Talks on Softbank Investment
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
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