Here is another batch of stock briefings which may affect trading on Wall Street later today.
The following stocks should see some movement: J.P. Morgan Chase & Co (NYSE:JPM), Toyota Motor Corporation (NYSE:TM), BP plc (NYSE:BP).
Here is a more detailed look at the news that will affect each company when trading continues.
J.P. Morgan Chase & Co (NYSE:JPM)
A Zacks analyst report has defended JPMorgan Chase & Co. (NYSE:JPM) over mortgage modifications and HAMP.
JPMorgan Chase & Co.’s (NYSE:JPM) U.S. consumer and commercial banking arm Chase said on Wednesday that it has in fact offered more than 900,000 mortgage modifications since the beginning of 2009 in accordance with the Home Affordable Modification Program (HAMP), in efforts to reduce home foreclosure rates.
The company has met 140,000 homeowners in face-to-face counselling sessions in the hardest-hit areas of home foreclosure.
Toyota Motor Corporation (NYSE:TM)
Nissan seem to have poked fun at Toyota Motor Corporation (NYSE:TM) in a recent television marketing campaign. Toyota Motor Corporation (NYSE:TM) appears to be taking heat from rival Nissan’s new TV commercial advertising its brake-overriding “smart pedal” technology.
The ad appears to poke fun at Toyota, which has had serious issues with the brake systems in its cars, making extensive recalls necessary.
BP plc (NYSE:BP)
At a celebration of BP’s (NYSE:BP) centennial last October, CEO Tony Hayward boasted that the company “lives on the frontiers of the energy industry.”
So much has changed since then, with the Gulf of Mexico oil spill having put the company’s reputation in shambles.
Because of this, BP plc (NYSE:BP) recently failed to get a potentially lucrative drilling permit to drill for oil off the coast of Greenland, and may have to decline further opportunities in the future, until its wounds have healed from the pain of the Gulf of Mexico.
We could possibly see more movement when trading continues for J.P. Morgan Chase & Co (NYSE:JPM), Toyota Motor Corporation (NYSE:TM) and BP plc (NYSE:BP).
