Stocks to Watch: JPMorgan, Wells Fargo, J.C. Penney
NEW YORK -- JPMorgan Chase
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.
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.
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.
The deal is expected to close in the second quarter.
Pulse's e-reader applications are used by more than 30 million people worldwide.
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
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