Stocks to Watch: JPMorgan, Goldman Sachs, Boeing
NEW YORK -- JPMorgan Chase(JPM) is expected by analysts Wednesday to post fourth-quarter profit of $1.16 a share on revenue of $24.42 billion.
The bank received its first regulatory action earlier this week in connection to the multi-billion dollar trading loss it suffered last year.
The Federal Reserve and the Office of the Comptroller of the Currency on Monday issued enforcement actions ordering the bank to remedy the breakdown in risk management that led to the "London Whale" trades -- outsized bets in credit derivatives by a London-based group of traders that caused the bank more than $6 billion in losses.
Goldman Sachs(GS) is expected by Wall Street Wednesday to report fourth-quarter earnings of $3.78 a share on revenue of $7.91 billion.
The report is likely to show Goldman Sachs at the head of the Wall Street pack when it comes to underwriting and trading revenue, but it still has room to prove to investors it stands apart from peers such as Morgan Stanley(MS) .
Japan's two biggest airlines grounded all their Boeing(BA) 787 aircraft for safety checks Wednesday after one was forced to make an emergency landing in the latest blow for the new jet.
Facebook(FB) hosted its big press event on Tuesday and unveiled what it calls Graph Search.
CEO Mark Zuckerberg said Graph Search is a new way to search the billion people and more than 240 billion photos on Facebook, as well as the social network's more than a trillion connections.
General Motors(GM) said Tuesday it expects only a modest increase in pretax profit this year as it rolls out multiple new cars and trucks worldwide.
The automaker also said it thinks global auto sales will grow modestly this year, driven by the U.S. and China, while European car sales will decline..