Bears Stearns Gets A Boost
Chiron declines on lowered earnings guidance; JPMorgan settles Enron suit; plus more of Wednesday's stocks in the news
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Bear Stearns (BSC ) posted $2.56, vs. $2.49 second-quarter earnings per share on 9% higher net revenue. The company says its fixed income business remains a dominant player in the marketplace while its equity franchise continues to capture market share.
Chiron Corp. (CHIR ) shares were lower Wednesday after the company lowered its 2005 earnings per share from continuing operations guidance to $1.20 to $1.45 due to delays in the start-up of procedures for ramping up production of the Fluvirin vaccine.