Orlando, FL -- (SBWIRE) -- 09/03/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On JPMorgan Chase & Co. (NYSE:JPM), salesforce.com, inc. (NYSE:CRM).
JPMorgan Chase & Co. (NYSE:JPM) shares dropped 0.34% to $50.53. U.S. government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter on August 27. The company is arguing that it should pay less to settle the claims by the U.S. Federal Housing Finance Agency, according to the source, who was not authorized to speak for attribution.
Additionally, U.S. federal regulators are preparing to impose a fine of $80 million on JPMorgan Chase & Co relating to its dealings with retail customers during the recession, the New York Times reported, citing people familiar with the matter on August 28.
Are investors worried about the recent updates with JPM? Find out with a free trend analysis HERE
salesforce.com, inc. (NYSE:CRM) stock climbed 12.55% to $49.13. Raymond James hoisted their price objective on shares ofsalesforce.com inc. from $52.50 to $55.00 in a research note issued on August 30. The firm currently has an “outperform” rating on the stock.
Additionally, the company on August 29 announced results for its fiscal second quarter ended July 31, 2013. Total Q2 revenue was $957 million, an increase of 31% on a year-over-year basis, benefited in part by the acquisition of ExactTarget which closed in July 2013. Q2 diluted GAAP earnings per share was $0.12, and diluted non-GAAP earnings per share was $0.09.
Cash generated from operations for the fiscal second quarter was $183 million, an increase of 34% on a year-over-year basis.
Looking forward, the company expects third fiscal quarter revenue to be in the range of $1.050 billion to $1.055 billion, an increase of 33% to 34% year-over-year. GAAP net loss per share is expected to be in the range of ($0.19) to ($0.18), while diluted non-GAAP EPS is expected to be in the range of $0.08 to $0.09.
Is CRM going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
Join Our Mobile SMS Alerts By Texting Stocks To 555888
HotStockProfits.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
Disclosure: HotStockProfits.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit HotStockProfits.com website, for complete risks and disclosures.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)