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Market Update

Johnson Controls, KeyCorp Jump; AmEx Drops


Author: Mukesh Buch
ticker.com
Last Update: 12:24 PM ET January 22 2015

12:20 PM New York Alaska Air Group net surged 90%. American Express net climbed 11%. Johnson Controls profit climbed 8%. KeyCorp net soared 11%. Travelers Co jumped 5%. Verizon Communications net swung to a loss on 7% revenues jump.

Tollbooth Index jumped 1.2% or 122.79 to 10,012.60.

Earnings Review

Alaska Air Group, Inc (ALK) jumped 2.3% or $1.50 to $66.49 after the airline company said total revenues in the fourth-quarter ending in December climbed 8% to $1.31 billion from a year ago period.

Net income in the quarter surged 90% to $148 million or $1.11 a diluted share compared to $78 million or 56 cents from the same quarter last year.

American Express Company (AXP) declined 3.7% or $3.21 to $84.46 after the consumer lender reported total revenues in the first-quarter ending in December jumped 7% to $9.11 billion from a year ago period.

Net income in the quarter climbed 11% to $1.4 billion or $1.39 a diluted share compared to $1.3 billion or $1.21 from the same quarter last year.

Deluxe Corporation (DLX) soared 5.7% or $3.42 to $63.88 after the printing service provider stated total revenues in the fourth-quarter ending in December climbed 7.3% to $448.5 million from a year ago period.

Net income in the quarter soared 26.9% to $58 million or $1.16 a diluted share compared to $45.7 million or 90 cents from the same quarter last year.

GATX Corporation (GMT) advanced 2.9% or $1.59 to $55.78 after the sea and road transportation company said total revenues in the fourth-quarter ending in December soared 12.6% to $401.4 million from a year ago period.

Net income in the quarter jumped 9.7% to $58.5 million or $1.30 a diluted share compared to $53.3 million or $1.14 from the same quarter last year.

Johnson Controls Inc (JCI) climbed 4.2% or $1.92 to $47.77 after the diversified technology company reported total revenues in the first-quarter ending in December edged up 0.9% to $10.7 billion from a year ago period.

Net income in the quarter climbed 8.1% to $507 million or 76 cents a diluted share compared to $469 million or 69 cents from the same quarter last year.

KeyCorp (KEY) surged 6.2% or 77 cents to $13.10 after the financial service provider said net interest income in the fourth-quarter ending in December fell 0.4% to $646 million from a year ago period.

Net income in the quarter soared 10.7% to $248 million or 28 cents a diluted share compared to $224 million or 25 cents from the same quarter last year.

Travelers Companies Inc (TRV) gained 1.5% or $1.63 to $106.64 after the insurance company stated said total revenues in the fourth-quarter ending in December rose 0.6% to $6.78 billion from a year ago period.

Net income in the quarter jumped 5.3% to $1.04 billion or $3.11 a diluted share compared to $988 million or $2.70 from the same quarter last year.

Verizon Communications Inc (VZ) dropped 2.5% or $1.22 to $47.04 after the wireless communications service provider reported revenues in the fourth-quarter ending in December jumped 6.8% to $33.19 billion from a year ago period.

Net in the quarter swung to a loss of $2.15 billion or 54 cents a diluted share compared to profit of $7.92 billion or $1.76 from the same quarter last year.

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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