NEW YORK -- JPMorgan Chase ( JPM) is expected by Wall Street on Friday to post first-quarter earnings of $1.38 a share on revenue of $25.97 billion. The bank reported earnings of $1.31 a share a year earlier. JPMorgan, the biggest bank by assets, has beaten analysts' earnings expectations 11 times in the last 12 quarters. Earnings From 'Too Big to Fail' Banks Key RallyWells Fargo ( WFC), which is No. 4 in assets, is expected by analysts on Friday to report first-quarter profit of 88 cents a share. The bank earned 75 cents a share in the year-earlier quarter. Profits have risen the last three quarters at Wells Fargo, including a gain of 24% in the fourth quarter. The Long-Term Case for Wells Fargo and U.S. BancorpJ.C. Penney ( JCP) has hired bankers at Blackstone Group ( BX) for advice on how the struggling department-store chain can raise $1 billion in cash, The Wall Street Journal reported, citing people familiar with the matter. One option could be to sell a minority stake in Penney, and the company has reached out to and heard from possible investors including private-equity firms, the people told the newspaper. The latest news follows the retailer's move on Monday to oust CEO Ron Johnson after 17 months on the job. J.C. Penney: A National Disgrace , LinkedIn ( LNKD) agreed to pay about $90 million to acquire Pulse, which makes an e-reader platform used on mobile devices. The deal is expected to close in the second quarter. Pulse's e-reader applications are used by more than 30 million people worldwide. Yahoo! ( YHOO) is expected soon to hire a new chief of Americas division from AOL ( AOL), a person familiar with the matter told the Journal. Ned Brody, who was the top advertising-sales executive at AOL, has resigned from the post to pursue "other opportunities," AOL said Thursday in a regulatory filing. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.