JPMorgan to Start Disclosing Its Liquidity and 2 More Heavily Traded Stocks to Follow
JPMorgan Chase & Co. (NYSE:JPM): Current price $54.00
On Monday, the Wall Street giant said that its asset-management arm will start disclosing to investors the amount of liquid assets held in its United States money-market-mutual funds daily on its website. JPMorgan says that the change will be effective on Tuesday, when investors will be allowed to view each fund’s percentage of assets which are liquid on a daily and weekly basis, a change the firm is making so as to increase transparency in its funds.
Terex Corporati0n (NYSE:TEX): Current price $29.26
As the torrid rate of domestic construction slows somewhat and global markets remain anemic, Terex shares are trading down about 8 percent in the late afternoon in extremely heavy volume. Terex makes capital equipment for infrastructure, construction, mining and other industries, and has guided its second quarter earnings per share of 50 to 60 cents, well under the consensus of 18 analysts polled by Thomson Reuters at 82 cents. In the same quarter of 2012, Terex posted a 72-cent earnings per share. Beyond that, for the full year, Terex cut its profit outlook to a range of $1.90 to $2.10 a share from its prior guidance of $2.40 to $2.70.
Petroleo Brasileiro – Petrobras (NYSE:PBR): Current price $15.65
Banco BTG Pactual of Brazil will pay $1.53 billion for a 50-percent interest in the African oil and gas exploration and production assets of the state-run Petrobras, according to a Friday statement, which added that BTG Pactual acquired the stake in Petrobras Oil & Gas BV, which owns offices and operations in Angola, Benin, Gabon and Namibia, and Petrobras operations in Nigeria and Tanzania.