On Friday, Shares of JPMorgan Chase & Co. (NYSE:JPM), gained 2.09% to $61.48.
J.P. Morgan Asset Management recently released a new piece of research, “The Millennials - Now streaming: the millennial journey from saving to retirement.” The white paper from authors Michael Cembalest, Chairman of Market and Investment Strategy, and Katherine Roy, Chief Retirement Strategist, comprehensively examines how millennials will manage their finances and maintain their financial independence throughout their working years and through retirement.
The research is presented in the format of a fictitious script proposal for a web-based show, “The Millennials,” which follows a cast of millennials with different income levels. Sometimes everything goes according to plan and sometimes negative shocks occur, which affect their ability to save, counting turbulent markets, widowhood, health problems, job loss, lack of access to a 401(k) and/or employer match, retirement policy changes and other unforeseen life events. Key findings comprise:
- Today’s millennials are highly educated, but face headwinds in terms of student debt, global competition for the best jobs, below-trend wage growth and rising pressure on the federal government to curtail the entitlements they presently and will eventually receive.
- Millennials are often inclined to hold more cash than prior generations, are less likely to marry or own a home, and will increasingly finance their own retirements due to declining availability of defined benefit pension plans. Given rising life expectancies, their retirements may be longer than their working years.
- More than three-quarters of adults in their 50s experience job layoffs, widowhood, divorce, new health problems or the onset of frailty among parents or in-laws, all of which disrupt their ability to save.
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase’s activities are organized into four business segments.
Shares of NRG Energy Inc (NYSE:NRG), declined -2.65% to $15.07, during its last trading session.
NRG Energy, declared the next phase of the 2015 Capital Allocation Plan with authorization to repurchase $251 million of its common stock, comprised of $51 million remaining from the formerly declared share repurchase program and an additional $200 million. The authorization will be implemented through a 10b5-1 trading plan right away.
The purchase of common stock will be made using cash on hand and may be made from time to time as market conditions warrant and subject to regulatory considerations. This action does not foreclose the possibility of further or different capital allocation actions in the future.
NRG Energy, Inc. (NRG) is a power company that produces, sells and delivers energy, and energy products and services in power markets in the United States. NRG’s business segments are NRG Business, NRG Home, NRG Renew, NRG Yield and corporate activities. NRG Business consists of NRG’s wholesale operations, including plant operations, commercial operations, engineering, procurement and construction (EPC), energy services and other related functions. NRG Home includes the Company’s NRG Home Retail and NRG Home Solar businesses.
Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY), inclined 0.78% to $59.79, during its last trading session.
Bed Bath & Beyond, stated financial results for the second quarter of fiscal 2015 ended August 29, 2015.
Fiscal 2015 Second Quarter and Six Months Results
For the second quarter of fiscal 2015, the Company stated net earnings of $1.21 per diluted share ($201.7 million) contrast with $1.17 per diluted share ($224.0 million) for the second quarter of fiscal 2014. Net sales for the second quarter of fiscal 2015 were about $2.995 billion, an improvement of about 1.7% from net sales of about $2.945 billion stated in the second quarter of fiscal 2014. Net sales on a constant currency basis raised by about 2.2% for the second quarter of fiscal 2015. Comparable sales in the second quarter of fiscal 2015 raised by about 0.7%, contrast with an improvement of about 3.4% in last year’s fiscal second quarter. Comparable sales on a constant currency basis raised by about 1.1% for the second quarter of fiscal 2015.
For the fiscal six months ended August 29, 2015, the Company stated net earnings of $2.13 per diluted share ($360.1 million) contrast with $2.09 per diluted share ($411.0 million) in the corresponding period a year ago. Net sales for the fiscal six months of 2015 were about $5.734 billion, an improvement of about 2.4% from net sales of about $5.602 billion in the corresponding period a year ago. Net sales on a constant currency basis raised by about 2.7% for the fiscal six months. Comparable sales for the fiscal six months of 2015 raised by about 1.4%, contrast with an improvement of about 2.0% in last year’s fiscal six months. Comparable sales on a constant currency basis raised by about 1.8% for the fiscal six months of 2015.
Linen Holdings is excluded from the comparable sales calculations and will continue to be excluded on an ongoing basis because it represents non-retail activity.
Bed Bath & Beyond Inc. is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market). The Company operates in two segments: North American Retail and Institutional Sales.
Finally, Danaher Corporation (NYSE:DHR), ended its last trade with 0.39% gain, and closed at $85.35.
Danaher Corporation declared recently that it will webcast its quarterly earnings conference call for the third quarter 2015 on Thursday, October 22, 2015 starting at 8:00 a.m. ET and lasting about 1 hour.
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. It operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. The Test & Measurement segment offers test, measurement and monitoring products.
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