Company News for Jan 18, 2022
JPMorgan Chase & Co.’s JPM shares plunged 6.2% after its CFO said that the company likely to miss profit target in the next two years due to higher expenses and moderating revenues.
Wells Fargo & Co.’s WFC shares surged 3.7% after the company reported fourth-quarter 2021 adjusted earnings per share of $1.38, surpassing the Zacks Consensus Estimate of $1.09.
Shares of Washington Federal Inc. WAFD gained 1.9% after posting first-quarter fiscal 2022 adjusted earnings per share of $0.71, outpacing the Zacks Consensus Estimate of $0.69.
Shares of The Sherwin-Williams Co. SHW slid 2.8 % after it cut full-year forecast as supply chain issues would likely persist through the current quarter.
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