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Early Movers: JPM, GS, WEN & More

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Published: Wednesday, 16 Jan 2013 | 7:47 AM ET
Peter Schacknow By:

Senior Producer, CNBC

Check out which companies are making headlines before the bell on Wednesday:

JPMorgan Chase - The bank earned $1.48 per share for the fourth quarter, excluding the debit value adjustment, above estimates of $1.16. Separately, CEO Jamie Dimon's salary was flat in 2012, with his bonus cut 53.5 percent during a year marked by the so-called "London Whale" trading loss.

Goldman Sachs - Goldman earned $5.60 per share for the fourth quarter, well above estimates of $3.78. Revenue was also well above Street consensus.

Wendy's - The restaurant chain earned eight cents per share for the fourth quarter, doubling analysts' estimates. Revenue, however, was below expectations as sales at North American locations dipped slightly.


Dell - More details are emerging on potential buyout talks between the computer maker and private equity firms. CNBC's David Faber reports that Silver Lake Partners is the driving force behind the talks, while a Canadian pension fund is a possible co-investor. The price range being discussed is between $13.50 and $14 per share.

Five Below - The company has raised its fourth-quarter guidance in response to upbeat holiday season results. However, the shares have come under pressure after the teen discount retailer also announced a seven million share secondary offering.

(Read More: Holiday Shoppers Spent Just 3% More, Missing NRF Forecast)

Apple - Apple's retail vice president, Jerry McDougal, has resigned, according to AllThingsD. Apple executive Jim Bean is taking up McDougal's duties.

Boeing - An ANA 787 Dreamliner made an emergency landing due to a battery malfunction warning in the cockpit. Rival airline Japan Airlines has suspended all 787 flights temporarily as it assesses the situation, and the Federal Aviation Administration says it's monitoring the situation involving those jets.

(Read More: Japan: The Test Case for Boeing's Dreamliner Woes?)

Hewlett-Packard - HP and Lenovo are likely to see their first-quarter notebook computer shipments underperform the market, according to DigiTimes. It said HP's shipments are likely to fall 20 percent, worse than the industry average of a 10 percent drop.

U.S. Bancorp - The bank earned $0.72 per share for the fourth quarter, three cents shy of estimates, with revenue also coming up short.

(Read More: See CNBC's Market Insider Blog)

—By CNBC's Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com


 Print
These are the stocks posting the largest moves before the bell.
  Price   Change %Change
JPM ---
GS ---
WEN ---
DELL ---
AAPL ---
BAC ---
HPQ ---
992 ---
USB ---

   
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  • Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

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