Stocks in the News: JPMorgan, Intel, Bare Escentuals, CF Industries


The following is a round-up of news likely to affect stock prices today:

J.P. Morgan Chase (JPM) reported Friday that in the fourth quarter it earned $3.3 billion, or 74 cents a share, more than the 66 cents a share analysts had expected and a significant improvement over last year's quarter results of $702 million, or 6 cents a share. But its credit costs remained high and it set aside nearly $2 billion to cover consumer loan losses as unemployment remains high. Revenue in the fourth quarter was $23.16 billion, versus $17.23 billion a year ago and the $27 billion analysts estimated. The banking giant also didn't change its dividend payout, which remained at 5 cent a share in the quarter. Shares fell nearly 2% in reaction to the earnings report, but have steadies since and 8:58 a.m. were down 0.87%.

Originally published