Shares of JPMorgan Chase & Co. (NYSE:JPM) dropped 1.66% to $39.18. Yesterday, the company posted a profit of $4.42 billion, or $1.01 a share, in the quarter, compared with $3.55 billion or 82 cents a share, in the year-earlier period.
Revenue dropped to $23.8 billion from $26.6 billion. On a managed basis, revenue totaled $24.3 billion in the latest quarter.
The New York financial firm was expected to earn 90 cents a share on revenue of $24.3 billion, according to a survey of analysts by FactSet Research.
National Bank of Greece (ADR) (NYSE:NBG) fell 1.89% to $2.59. The company successfully tapped markets with a 1.8 billion euro ($2.5 billion) combined rights issue which was covered 1.83 times.
The group offered 121.4 million new shares at 5.2 euros each on a one-for-five basis to raise 631 million euros. It raised another 1.184 billion euros via a rights offering of equity notes, convertible into common shares also at 5.2 euros each, at a ratio of three-for-eight.
Barclays PLC (ADR) (NYSE:BCS) lost 2.37% to $18.14. Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management.
Wells Fargo & Company (NYSE:WFC) went down 3.22% to $24.98. The company said late Tuesday that it has no plans to follow other mortgage lenders by declaring a moratorium on foreclosure, as the bank is satisfied with the soundness of its foreclosure affidavit process.
In the past one month of trading sessions, the stock went down more than 4%.
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