JPMorgan Expected to Beat Consensus on Friday and 2 More Heavily Traded Stocks to Follow
JPMorgan Chase & Co. (NYSE:JPM): Current price $55.14
JPMorgan is set to post its second-quarter earnings before the open on Friday, with a conference call scheduled for 8:30 a.m. Eastern Time. Analysts are expecting earnings per share of $1.44 on revenue of $24.84 billion, says First Call. The consensus is between $1.35 and $1.63, on revenue of $24.0billion to $25.77 billion. The big bank reported higher-than-anticipated first-quarter earnings, but lower-than-expected revenue. During the second quarter, the firm’s provision for credit losses fell to $549 million, down from $1.09 billion year-over-year in 2012. However, the firm’s net interest income slipped by 2 percent in the same period.
Rockwell Medical Inc. (NASDAQ:RMTI): Current price $4.35
On Thursday, Rockwell reported successful top-line results from the long-term CRUISE-1 Phase 3 efficacy study of SFP. The drug is the firm’s late-stage investigatory iron-delivery medicine for the treatment of iron deficiency in chronic kidney disease patients, who are receiving hemodialysis. In the Phase 3 efficacy study, SFP attained the primary endpoint, demonstrating a statistically significant mean change in hemoglobin from baseline to End-of-Treatment. Additionally, SFP met key secondary endpoints, among which are maintenance of hemoglobin, maintenance of reticulocyte hemoglobin, and increase in serum iron pre-to-post treatment without an increase in ferritin. This long-term evaluation is the first of two identical Phase 3 efficacy studies to supply clinical data required for Rockwell to file a new drug application with the FDA.
Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR): Current price $70.74
Green Mountain has announced the debut of its latest breakthrough product, the Keurig BOLT Carafe Brewing System. A pioneer of its kind, the commercial-grade Keurig BOLT system gives users the ability to brew a 64-ounce pot of coffee in about two minutes — bringing the speed, innovation, convenience, and quality for which Keurig single cup brewing systems are known for in high volume brewing.