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Market Update

Charles Schwab, J&J, Coca-Cola Rise; Comverse, Northern Trust Fall


Author: Mukesh Buch
ticker.com
Last Update: 12:23 PM ET April 15 2014

12:15 PM New York Charles Schwab net surged 58%. Comerica profit rose 4%. Johnson & Johnson net climbed 35% and sales jumped 4%. Coca-Cola net dropped 8% and revenue declined 4%. Northern Trust net soared 11%.

Charles Schwab Corp (SCHW) increased 1.6% or 41 cents to $25.71 after the brokerage company net revenue in the first-quarter ending in March soared 15% to $1.48 billion.

Net income in the quarter surged 58% to $326 million or 24 cents a diluted share compared to $206 million or 15 cents.

Comerica Inc (CMA) slipped 1.3% or 65 cents to $47.94 after the financial service provider reported net interest income in the first-quarter ending in March slid 1.4% to $410 million.

Net income in the quarter rose 3.8% to $137 million or 73 cents a diluted share compared to $132 million or 70 cents.

Comverse, Inc. (CNSI) plunged 18.5% or $6.28 to $27.70 after the billing software services provider said total revenue in the fourth-quarter ending in January dropped 9.3% to $166.5 million.

Net income in the quarter surged 46.3% to $15.8 million or 70 cents a diluted share compared to $10.8 million or 49 cents.

Johnson & Johnson (JNJ) gained 1.4% or $1.36 to $98.50 after the health care company reported sales in the first-quarter ending in March jumped 3.5% to $18.1 billion.

Net earnings in the quarter climbed 35.2% to $4.73 billion or $1.64 a diluted share compared to $3.50 billion or $1.22.

The company said worldwide consumer sales dropped 3.2% to $3.6 billion and domestic sales slumped 2.9%. International sales declined 3.4%.

The Coca-Cola Company (KO) climbed 3.8% or $1.49 to $40.23 after the beverages maker reported revenue in the first-quarter ending on March 28 fell 4% to $10.6 billion.

Net income in the quarter dropped 8% to $1.62 billion or 36 cents a diluted share compared to $1.75 million or 39 cents.

Northern Trust Corporation (NTRS) slumped 2.9% or $1.79 to $59.43 after the investment company said revenue in the first-quarter ending in March climbed 7% to $1.04 billion.

Net income in the quarter soared 11% to $181.4 million or 75 cents a diluted share compared to $164 million or 67 cents.

Washington Federal Inc (WAFD) fell 2.1% or 47 cents to $21.87 after the banking services provider stated net interest income in the first-quarter ending in March jumped 8% to $101 million.

Net income in the quarter soared 11% to $38.7 million or 38 cents a diluted share compared to $36 million or 34 cents.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc