10:45 AM New York – Commerce Bancshares fourth-quarter net fell 1.3% to $65.9 million. JPMorgan fourth-quarter net dropped 7% to $5.3 billion. Shaw Communications first-quarter net increased 4% to $245 million. Wells Fargo fourth-quarter net climbed 10% to $5.6 billion.
Commerce Bancshares, Inc
), the bank said net interest income in the fourth-quarter ending in December slumped 4% to $154.9 million.
Net income in the quarter fell 1.3% to $65.9 million or 71 cents per diluted share compared to $66.8 million or 69 cents.
JPMorgan Chase & Co
), the financial service provider reported net revenue in the fourth-quarter ending in December fell 2% to $23.2 billion.
Net income in the quarter dropped 7% to $5.28 billion or $1.30 per diluted share compared to $5.69 billion or $1.39.
), the video game retailer said total global sales for the nine-week holiday period ended January 4, climbed 9.3% to $3.15 billion and comparable store sales soared 10.2%. U.S. comparable sales jumped 7.1% and international comparable sales surged 17.4%.
GameStop expects same store sales for the fourth-quarter to be at the high end of the current guidance range and fourth quarter earnings per share in the range of $1.85 to $1.95 and full-year earnings per share between $2.96 and $3.06.
Shaw Communications Inc
), the diversified Canadian communications company said revenue in the first-quarter ending in November grew 3.3% to $1.36 billion.
Net income in the quarter increased 4.3% to $245 million or 51 cents per diluted share compared to $235 million or 49 cents.
The company said revenue in the cable division for the quarter jumped 4% to $844 million and satellite revenue rose 1.9% $218 million and media revenue increased 1.9% to $325 million in the same period last year.
Wells Fargo & Co
), the brokerage company reported revenue in the fourth-quarter ending in December declined 6% to $20.7 billion.
Net income in the quarter climbed 10.2% to $5.61 billion or $1 per diluted share compared to $5.09 billion or 98 cents.
The company added loan and deposit growth for the quarter jumped to $825.8 billion and core loan portfolio increased to $39.9 billion.
Total core checking and savings deposits increased to $50.7 billion.
Non-performing assets dropped to $4.9 billion and net charge-offs declined to $963 million from $1.1 billion in the same quarter a year ago.