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JPMorgan Chase Beats Estimates

New York money-center bank JPMorgan Chase & Co. (NYSE: JPM - $107.58) said second quarter earnings came in at $2.29 a share, up from $1.82 during the same period last year and seven cents better than consensus. Profit was reported at $8.32 billion, an 18% increase, the highest ever for the company. Total revenue was $27.75 billion, up from $25.73 billion in… Continue reading JPMorgan Chase Beats Estimates

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Delta Posts Record Revenues; Hikes Dividend

Atlanta’s Delta Air Lines (NYSE: DAL - $50.42) reported second-quarter earnings and revenue that were better-than-expected. Adjusted earnings were $1.77 per share, up from $1.64 a year earlier and the Street estimate of $1.72. Revenue for the period was reported at $11.78 billion, up almost 10% from last year and topping forecasts for $11.73 billion. Total unit revenues excluding refinery sales increased… Continue reading Delta Posts Record Revenues; Hikes Dividend

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Harris Wins NGA Contracts

 Technology and advanced communications provider Harris Corp. (NYSE: HRS - $145.67) has been awarded three IDIQ contracts with ceilings totaling $1.5 billion to provide the National Geospatial-Intelligence Agency (NGA) with geospatial data services for up to 10 years. Melbourne Florida’s Harris will create, manage and disseminate high-quality geospatial-intelligence information for use by the U.S. intelligence… Continue reading Harris Wins NGA Contracts

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Chase Hikes Dividend; Announces Share Buy Back

Following its favorable Comprehensive Capital Analysis and Review by the Federal Reserve, JPMorgan Chase (NYSE: JPM - $106.09) announced a 43% increase to its quarterly dividend from $0.56 per share to $0.80. On an annualized basis, JPM will pay stockholders $3.20 per share equal to a yield of 3%. In addition, the Fed allowed Chase… Continue reading Chase Hikes Dividend; Announces Share Buy Back