Tuesday, October 16, 2012

Stocks to watch Friday: Wells Fargo, Google

CHICAGO (MarketWatch) � Among the stocks that could see active trade in Friday�s session are J.P. Morgan, Wells Fargo and Google.

Click to Play Markets rally on rate comments

The Dow Jones Industrial Average posts its largest one-day percentage gain in nearly a month after the New York Fed's president reiterates that interest rates will likely remain low. Photo: AP

J.P. Morgan JPM �is slated to report first-quarter earnings before the opening bell. The company is expected to earn $11.6 a share on revenue of $24.4 billion, according to the average estimate of analysts polled by FactSet Research.

Wells Fargo WFC �will post a profit of 73 cents a share on revenue of $20.4 billion if Wall Street�s best estimates are on the mark.

Late Thursday, shares of Google GOOG �gained in after-hours following the company�s report of hefty profit and revenue increases that handily surpassed Wall Street�s expectations for the first quarter.

Dow Chemical DOW � was also on the rise after it said it will raise its second-quarter dividend by 28% to 32 cents a share. The dividend will be paid on July 30 to shareholders of record as of June 29.

No comments :

Post a Comment