On Tuesday, Shares of JPMorgan Chase & Co. (NYSE:JPM), lost -0.14% to $65.36.
As part of its commitment to protecting customers’ financial security, Chase plans to convert more than 70% of its credit and debit cards to chip technology by the end of 2015. Through these migrations, more than 80% of total Chase cardholder spending will be on chip-enabled cards. The bank is also upgrading its ATMs to accept chip cards.
Chase led the U.S. market in chip adoption when it was the first U.S. credit card issuer to issue chip-enabled cards on its J.P. Morgan Palladium and J.P. Morgan Select products in 2011. Recently, Chase has more than 22 million chip-enabled cards in market.
Chase will continue to roll out chip technology for its consumer and business customers – counting chip credit, debit and Chase Liquid® cards, in addition to offering terminals that allow businesses to accept chip cards plus mobile wallets, contactless and the traditional swipe at the point-of-sale.
JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Shares of Medtronic plc (NYSE:MDT), declined -1.08% to $75.20, during its last trading session.
Medtronic, reiterated that on Tuesday, May 19, 2015, it will declare preliminary financial results for the fourth quarter and fiscal year 2015, which ended April 24, 2015. A news release will be issued on May 19, 2015, at about 7:30 a.m. Central Daylight Time and will be accessible at http://newsroom.medtronic.com. The news release will comprise preliminary revenue results for the company`s fourth quarter and fiscal year 2015, in addition to an predictable range of the company`s fourth quarter adjusted cash earnings per share.
Medtronic plc, a healthcare solutions company, provides medical technologies, services, and solutions worldwide. It operates through three segments: Cardiac and Vascular Group, Restorative Therapies Group, and Diabetes Group.
At the end of Tuesday’s trade, Shares of Magnum Hunter Resources Corp. (NYSE:MHR), lost -0.53% to $1.89.
Magnum Hunter Resources, on Monday stated a loss of $105.9 million in its first quarter, according to AP.
On a per-share basis, the Houston-based company said it had a loss of 57 cents. Losses, adjusted for asset impairment costs and non-recurring costs, came to 38 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share, AP reports.
Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States. The company operates through the U.S. Upstream, Midstream, and Oilfield Services segments.
Finally, Baidu, Inc. (NASDAQ:BIDU), ended its last trade with -0.45% loss, and closed at $189.97.
On April 29, Baidu, declared its unaudited financial results for the first quarter ended March 31, 2015.
“Mobile’s tremendous momentum continued this quarter, with mobile contributing 50% of total revenue,” said Robin Li, chairman and CEO of Baidu. “Baidu is redefining the search box by building an ecosystem to connect people with services and drive closed loop transactions. Baidu’s platform is comprehensive and robust, and we plan to fully exploit the huge growth potential ahead — in mobile marketing, online to offline, and key select verticals such as healthcare, education and financial services — by leveraging our solid mobile foundation, exceptional technology advantage, and proven operational experience.”
“We continue to execute on our investment plan to capture the vast growth opportunities ahead and fulfill our vision,” said Jennifer Li, chief financial officer of Baidu. “We are very happy with the strong traction we have gained thus far and will continue to set our sights high for greater future progress.”
Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.
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