Abbott Laboratories (NYSE:ABT)
Abbott Laboratories (NYSE:ABT) is scheduled to release its Q2 2013 earnings results before the market open on Wednesday, July 17. Analysts expect the company to report revenue of $5.52 billion, and the average EPS estimate is for $0.44. Abbott reported $0.42 EPS for the first quarter, beating the consensus estimate of $0.41 by $0.01. Revenue for the period came in at $5.38 billion, compared to expectations for $5.42 billion. The company recently declared a quarterly dividend of $0.14 per share, payable on August 15, to stockholders of record July 15. The stock has a 1-year high of $38.77 and a 1-year low of $29.9761.
American Express Company (NYSE:AXP)
American Express Company (NYSE:AXP) is expected to report improved quarterly earnings and revenue after the stock markets close on Wednesday. Analysts, on average, have projected the credit-card company to post second quarter adjusted earnings of $1.22 per share on revenue of $8.31 billion. In the same period last year, American Express earned $1.15 per share, on revenue of $8 billion. Investors will also tune into the earnings call to get a more detailed account of the restructuring that is taking place in the company. American Express announced plans to eliminate 5,400 jobs this year, mostly in its travel business unit.
Hedge Funds: Small Firms Profit As Big Names Close In 2020
At the beginning of July, Lansdowne Partners, one of Europe's oldest and best-known hedge fund managers, announced that it was closing its flagship hedge fund after a run of poor performance. The closure is the latest in a string of high-profile hedge funds that have decided to shut up shop in recent years. Billionaire investor Read More
Bank of America Corp (NYSE:BAC)
Bank of America Corp (NYSE:BAC) is expected to report FY 2013 second-quarter EPS of 25 cents on revenue of $22.82 billion, compared with a profit of 19 cents a share on revenue of $21.97 billion in the same period last year. For the fiscal year, analysts are projecting earnings of 90 cents per share, with revenue expected to come in at $91 billion. The company has a market capapitalization of $144.02 billion, and its stock is 15% year-to-date.
eBay Inc (NASDAQ:EBAY)
For FY 2013 second-quarter, the company is expected to report EPS of 64 cents on revenue of $3.89 billion, compared with a profit of 56 cents a share on revenue of $3.40 billion in the same period last year. eBay has topped the consensus estimate in all of the last four quarters. The stock currently trading at around $55.80 a share, and has gained 9.4% so far this year.
The Bank of New York Mellon Corporation (NYSE:BK)
The Bank of New York Mellon Corporation (NYSE:BK) will announce its Q2 2013 quarterly earnings results before the market open on Wednesday, July 17. The company reported first quarter EPS of $0.50 on revenue of $3.61 billion, compared to the consensus estimate of $0.47 on revenue of $3.61 billion. Citigroup raised the stock to “buy” from “neutral” with a $34 price target, earlier in the week. The company has a market cap of about $35.620 billion, and its stock has a 52 week high of $30.85 and a 52 week low of $20.13.
Greenhill & Co., Inc. (NYSE:GHL)
Greenhill & Co., Inc. (NYSE:GHL) will post its Q2 2013 earnings results after the close of trading on Wednesday, July 17. Greenhill & Co. reported $0.45 earnings per share for the first quarter, missing the average analysts’ estimate of $0.67. The company clocked revenue of $79.50 million for the period, compared to the consensus estimate of $102.10 million. On average, analysts expect Greenhill & Co. to report current fiscal year EPS of $1.83 and $2.34 EPS for the next fiscal year. The company has a market capitalization of $1.345 billion, and its stock recorded a one year high of $61.99 and a low of $34.63.