Remarkable Stocks to Track: Seagate Technology (NASDAQ:STX), JPMorgan Chase (NYSE:JPM), Regions Financial (NYSE:RF)

On Friday, Shares of Seagate Technology PLC (NASDAQ:STX), lost -4.54% to $39.56. 13.95 million shares of the company were exchanged.

Seagate Technology plc (STX) declared selected preliminary financial information for its fiscal first quarter of 2016, which ended on October 2, 2015.

Seagate anticipates to report revenue of about $2.9 billion and non-GAAP gross margin of about 24% for the fiscal first quarter 2016. The Company anticipates to report unit shipments for the fiscal first quarter of about 47 million and maintaining about 40% market share.

These preliminary results compare to the Company’s formerly forecasted range for fiscal first quarter of revenue of $2.9 to $3.1 billion and non-GAAP gross margin of about 27%. The difference in the Company’s non-GAAP gross margin from its forecast was driven primarily by lower than predictable intra-quarter demand for the Company’s 4TB and 6TB nearline HDD products. Seagate declared its 8TB nearline HDD products in September and anticipates to enhance its market participation in this growth segment over the next several quarters.

Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. It provides hard disk drives, solid state hybrid drives, solid state drives, PCIe cards, and serial advanced technology architecture controllers that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, digital media systems, and surveillance systems.

Shares of JPMorgan Chase & Co. (NYSE:JPM), surged 0.87% to $62.43, during its last trading session.

The year-to-date (YTD) performance reflected a 2.46% above last year. During the past month the stock gains 0.37%, bringing three-month performance to -9.21% and six-month performance to 0.08%. The stock holds the market capitalization of $230.87 billion.

JPMorgan Chase & Co. (JPM) declared a quarterly dividend on the outstanding shares of each of the corporation’s preferred stock issues as follows:

The dividend payment date is Tuesday, December 1, 2015, to stockholders of record at the close of business on November 2, 2015.

JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.

Finally, Shares of Regions Financial Corp (NYSE:RF), ended its last trade with -0.16% loss, and closed at $9.02.

The Regions Financial Corporation (RF) Board of Directors declared the following cash dividends on its common shares, Series A preferred shares, and Series B preferred shares:

• A quarterly cash dividend of 6 cents per common share, payable January 4, 2016, to stockholders of record at the close of business on December 11, 2015.
• A quarterly cash dividend of $15.9375 per share (equivalent to about $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be paid on December 15, 2015, to stockholders of record at the close of business on December 1, 2015.
• A quarterly cash dividend of $15.9375 per share (equivalent to about $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series B. The dividend will be paid on December 15, 2015, to stockholders of record at the close of business on December 1, 2015.

Regions Financial Corporation, together with its auxiliaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, in addition to equipment lease financing services.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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