Reuters - Video

Edition: US | UK | IN | CN | JP

Finance Videos

U.S. Week Ahead: JPM's Dimon could survive shareholder wrath

Friday, May 11, 2012 - 02:58

May 11 - Expect JPMorgan's CEO and Chairman Jamie Dimon to survive a call to split his position into two when he faces shareholders on Tuesday, according to Reuters' Antony Currie.

▲ Hide Transcript

View Transcript

Jamie -- -- that the music investors get to frank base that and can Wal-Mart wow with results. But the all out from JPMorgan. As a stock get smacked on the street the financial titans bought appearance before shareholders Tuesday. Diamond is set to address the shock trading loss of two billion dollar. But -- comments will be similar to what he's written in his annual letter it's still he has been known to stray from the script and not pull punches. -- breaking news columnist Antony Currie says diamonds going to have to tread carefully. Will say let's see won't happen with that show presents fit the role of chairman and CEO which. Dimon has but it's a lot of except in the US -- you we're not a defense that breaking news. And it's like you'll see -- more people uses in Washington and much of process. Although I do given past experience like -- on May well adjustment to keep it. It's FaceBook really worth a job dropping 96 billion dollars. We'll find out when the social networking giant price is Tuesday evening shares are sad and an initial range of twenty dollars to 35 dollars. And the launch would make it silicon valley's largest offering. But after a two week cross country road show some observers expect FaceBook will raise the price. Of its offering amid strong demand from retail investors. Expect to hear the sound of cash registers ringing when Wal-Mart reports Thursday before the open. The world's largest retailer should see higher earnings than a year ago. But overshadowing that will be the investigation into whether Wal-Mart ride to Mexican officials to increase the number of stores in the country. That was disclosed in April and Wal-Mart shares have been battered cents. And investors will want to know it Groupon has lost it's luster when it reports Monday after the close. The company and CEO Andrew Mason have been under mounting pressure over waning demand for its daily deals and accounting troubles. Groupon has lost half its market value this year. So expectations where profits are already pretty well. The rest of earnings will be dominated by retail on the radar Home Depot TJ act back JC Penney and target JC Penney is the stand out. Start mine says the department store has a high chance of missing by a cents. The company's sales have been hit by unpopular inventory losing ground to the likes of me -- Well two tenths of a percent sounds like a small number but that's here and got ahead. It's by how much -- retail sales are set to grow. I have -- says that would be the weakest showing in ten months to blame a loss of momentum from three's strong previous months. Also watch out for CPI housing starts industrial production figure it fed minutes and initial jobless claims. I'm -- mom this is operators.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Week Ahead: JPM's Dimon could survive shareholder wrath

Friday, May 11, 2012 - 02:58