JPMorgan Chase & Co. (NYSE:JPM): As investors turn to stocks of big, dividend paying companies, especially those perceived as less vulnerable to a slowing economy or European turmoil, defense has become the new offense, according to the Wall Street Journal. However, this popularity has propelled these “defensive” stocks to their most expensive in years, which brings up questions regarding whether or not they have run too far. J.P. Morgan Chase & Co. places blame upon the senior management for Lehman Brothers Holdings Inc. for the investment bank’s downfall.
Sprint Nextel Corporation (NYSE:S) intends to reveal its latest earnings on Thursday, July 26, 2012.
Citigroup Inc. (NYSE:C) reveals its newest card offer targeting frequent travelers, who are some of the most lucrative borrowers in the industry, as competition for wealthy credit-card customers becomes fiercer daily. Beginning today, Citi will offer a Hilton-branded credit card which could earn customers many more points than the previous Hilton card, but it also carries an annual fee of $95.
Micron Technology, Inc. (NASDAQ:MU) fell 3.1 percent to $5.65, and 20,897,600 shares have been traded.
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