JP Morgan (JPM) warned late Friday that its market revenue will deepen 20% in the second quarter. The investment firm also addressed another problem on Friday: its exposure to Russia. The bank said it has reduced its total investment exposure to the country to $4.7 billion as of March 31, down 13% from $5.4 billion on Dec. 31. Shares of JP Morgan are down 81 cents, or 1.46%, at $54.77 in pre-market trading Monday.
Pharmaceutical giant Pfeizer (PFE) will release its quarterly report. The company is forecast to report 1Q’14 earnings of 55 cents a share and revenues of $12.09 billion, according to analyst estimates. Shares of Pfeizer closed at $30.75 on Friday and are down about 5% in the past month.
American International Group, Inc. (AIG) is forecast to post 1Q’14 earnings of $1.07 a share and revenues of $9.35 billion. AIG closed down 59 cents, or -1.11%, to end at $52.35 per share Friday.
Fuel-Tech, Inc. (FTEK) is projected to report first-quarter earnings of 2 cents a share and revenues of $22.75 million. Fuel-Tech shares have performed well over the last year, rising more than 66%. The ticker closed at $6.58 on Friday.
Anadarko Petroleum Corp. (APC) is expected to report first-quarter earnings of $1.16 a share and revenues of $3.87 billion. The t12 revenue at APC is $14.87 billion. Anadarko’s EPS for the same period is $1.58. The company’s stock closed at $99.57 on Friday.
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