Stocks in the news: JPMorgan Chase, Intel, Abbott Labs


Some of the companies making headlines today:

Intel (INTC) reported late Tuesday earnings and revenue that topped Wall Street's estimates. While earnings declined 8 percent, it said gross margins were 57.6 percent and would grow to 62 percent this quarter. It also issued an upbeat outlook, repeating what it has been saying for months, that the PC market is rebounding. Shares jumped over 4 percent ahead of the bell.

JPMorgan Chase (JPM) said Wednesday morning third-quarter earnings climbed over 3 percent. Its reported 82 cents earnings per share is much more than the 49 cents EPS that was expected by Street analysts. However, somewhat sobering were its loan losses, which are still high and are expected to remain that way for the foreseeable future. Shares gained over 4 percent before the bell, taking other financials higher with it.