JPMorgan Chase ( JPM) said one of its co-chief operating officers is leaving the company, marking the latest high-profile departure since the bank's massive trading loss last year. Frank Bisignano will become CEO of payment processor First Data on Monday. Matt Zames, who was co-chief operating officer with Bisignano, will become the sole operating chief of JPMorgan Chase, effective immediately. Bisignano is the ninth high-level JPMorgan executive to leave the bank in the last 18 months.
Eaton ( ETN), the diversified industrial manufacturer, is expected by Wall Street on Monday to post first-quarter earnings of 79 cents a share on revenue of $5.43 billion.
Analysts predict insurance company Loews ( L) will report earnings of 84 cents a share. 4 Stocks Rising on Unusual Volume
Newmont Mining ( NEM) is expected to post a profit of 76 cents a share on first-quarter revenue of $2.25 billion.
Hertz ( HTZ), the rental car company, is expected by analysts to post first-quarter earnings of 17 cents a share on revenue of $2.39 billion. 5 Stocks Poised for Big Breakouts
-- 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.