These 2 Stocks Are Lifting the Dow Jones Friday
The bullish mood on Wall Street continued on Friday, as the beginning of second-quarter earnings season is now officially under way. Half an hour into the trading day, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up triple digits, climbing about half a percent to add to gains from earlier in the week.
The two biggest percentage movers in the Dow Jones were JPMorgan Chase (NYSE: JPM) and UnitedHealth Group (NYSE: UNH), and both moved because of positive reactions to their respective quarterly financial reports. The two companies face very different conditions in their industries, but both have strong prospects to do well no matter what the near-term future brings. Here are the details you need to know from the earnings reports that JPMorgan and UnitedHealth gave their investors.
Shares of JPMorgan Chase were up more than 2% Friday morning. The Wall Street banking giant reported second-quarter financial results that reflected the benefits of its having taken over First Republic Bank during the period, as the winner of an auction from federal regulators.
Source Fool.com
JPMorgan Chase & Co. Stock
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
With a target price of 202 € there is a slightly positive potential of 3.23% for JPMorgan Chase & Co. compared to the current price of 195.68 €.
