Company News for January 18, 2022

  • JPM shares of JPMorgan Chase & Co. plunged 6.2% after its chief financial officer said the company was at risk of missing its profit target over the next two years due to higher expenses and subdued revenues.
  • WFC shares of Wells Fargo & Co. jumped 3.7% after the company reported adjusted earnings per share of $1.38 in the fourth quarter of 2021, beating Zacks consensus estimate of $1.09 .
  • Shares of Washington Federal Inc. WAFD gained 1.9% after posting adjusted earnings per share of $0.71 in the first quarter of fiscal 2022, beating the Zacks consensus estimate of $0.69.
  • Shares of The Sherwin-Williams Co. SHW fell 2.8% after slashing full-year guidance as supply chain issues are likely to persist through the current quarter.

Just Released: Zacks Top 10 Stocks for 2022

In addition to the investment ideas discussed above, would you like to know our top 10 picks for all of 2022?

From its creation in 2012 to 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% vs. +348.7% for the S&P 500. Now our research director has combed through 4,000 companies covered by the Zacks Ranking and selected the top 10 tickers to buy and keep. Don’t miss your chance to enter…because the sooner you do, the more chances you have of winning.

See actions now >>

Click to get this free report

Wells Fargo & Company (WFC): Free Inventory Analysis Report

JPMorgan Chase & Co. (JPM): Free Stock Analysis Report

The SherwinWilliams Company (SHW): Free Stock Analysis Report

Washington Federal, Inc. (WAFD): Free Stock Analysis Report

To read this article on, click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson