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U.S. stock index futures rose on Tuesday, after the S&P 500 suffered its worst three-day drop since November 2011, as investors digested earnings from a trio of large banks. Dow Jones industrial average e-mini futures were up 0.54 percent at 16,319, S&P 500 e-mini futures were up 0.76 percent at 1,879.75 and Nasdaq 100 e-mini futures were up 0.90 percent at 3,832.5.
** JPMORGAN CHASE & CO, Monday close $58.16, -1.81 pct premarket
The biggest U.S. bank boosted revenue from trading and investment banking, and moved past the huge legal claims that pushed it into a rare loss in the same quarter last year. The company recorded net income of $1.36 per share. Analysts on average had expected earnings of $1.38 per share.
** CITIGROUP INC, Monday close $49.9, +2.61 pct premarket
The bank said it would exit consumer banking in 11 markets, as the most international of the big U.S. banks looks to shrink its way to better profits. Citigroup also reported a 13 percent rise in adjusted third-quarter net profit, helped by better results from its portfolio of troubled assets left over from the financial crisis.
** WELLS FARGO & CO, Monday close $50.2, -1.55 pct premarket
The fourth-largest U.S. bank reported a 1.7 percent rise in third-quarter profit as its mortgage business stabilized. The San Francisco-based bank’s net income applicable to common shareholders rose to $5.41 billion, or $1.02 per share, in the quarter, in line with analysts’ expectations.
Interactive graphic on bank earnings: (here)
** DOMINO‘S PIZZA INC, Monday close $75.72, +2.68 pct premarket
The second-largest U.S. pizza chain by store count, reported a quarterly profit that topped Wall Street’s estimates, boosted by strong results overseas and its home market of the United States, where rival Pizza Hut is struggling.
** VERSAR INC, Monday close $3.6, +27.22 pct premarket
** ALPHA PRO TECH LTD Monday close $10.05, -20.60 pct premarket
** TEKMIRA PHARMACEUTICALS CORP Monday close $23.69, -2.87 pct premarket
** SHARPS COMPLIANCE CORP Monday close $5.55, -2.88 pct premarket
Shares of small medical equipment and biotech companies that either develop Ebola treatments or provide protective gear were volatile before the bell.
Take A Look-World on alert to curb Ebola outbreak
Interactive graphic on the Ebola outbreak: (here)
** JOHNSON & JOHNSON Monday close $99.12, +0.77 pct premarket
The diversified healthcare company reported better than expected quarterly earnings, boosted by surging sales of a new drug for hepatitis C that are expected to evaporate in coming months due to competition from a more potent and convenient combination treatment.
** SANOFI, Monday close $52.3, +0.54 pct premarket
The French drugmaker said on Tuesday an investigational vaccine designed by its Shantha Biotechnics unit to protect young children from severe diarrhoea had entered late-stage clinical trials in India.
** MARINE HARVEST, Monday close $12.55, +3.35 pct premarket
The world’s largest fish farmer posted higher-than-expected operating earnings for the third quarter, despite the impact of warmer waters and marine parasites that killed unusually high numbers of its fish. The Norwegian company is controlled by shipping tycoon and billionaire John Fredriksen.
** CHINA FINANCE ONLINE, Monday close $4.6, +2.61 pct premarket
The Chinese web-based financial services company said it updated its mobile app to support real-time securities trading and let users open accounts in China via mobile devices
** MAGNEGAS CORP, Monday close $1.13, +8.85 pct premarket
The alternative fuel maker signed a deal with Pioneer Recycling LLC to treat liquid medical waste and expired pharmaceutical products. “The recent Ebola outbreak underscores the need for new and more efficient ways to treat these waste streams,” said Pioneer CEO Carl Dilley.
** SKYWORKS SOLUTIONS INC, Monday close $45.32, +7.13 pct premarket
The analog chipmaker estimated quarterly profit and revenue above its forecast. Skyworks said it now expects a profit of $1.08 per share on revenue of $718 million for its fourth quarter ended September. The company earlier forecast of a profit of $1 per share and revenue of $680 million.
** SIGNET JEWELERS LTD, Monday close $107.89, -1.86 pct premarket
The largest U.S. specialty jeweler said Chief Executive Michael Barnes had resigned.
Compiled by Anya George Tharakan in Bangalore; Editing by Sriraj Kalluvila