Stocks – Wells Fargo, Johnson & Johnson, AT&T Slump in Pre-market, JP Morgan gains

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© Reuters. Stocks - Wells Fargo, Johnson & Johnson, AT&T Slump in Pre-market, JP Morgan gains© Reuters. Stocks – Wells Fargo, Johnson & Johnson, AT&T Slump in Pre-market, JP Morgan gains

• (WFC) stock slumped 3.16% by 8:18 AM ET (12:18 GMT) as it reported a diluted earnings per share of $0.98. Even excluding an income tax expense of $0.10 per share, its EPS missed the consensus forecast for $1.12.

• (JPM) stock advanced 0.11% after .

• (C) stock fell 0.98% as second quarter revenue fell 2% to $18.47 billion, below analyst estimates.

• (JNJ) stock sank 2.11% as a Missouri jury ordered the company to pay a record $4.69 billion to 22 women who alleged the company’s talc-based products contain asbestos and caused them to develop ovarian cancer. J&J said it would appeal the verdict which was the result of a “fundamentally unfair process”.

• (T) stock fell 1.55% after the U.S. Department of Justice appealed its takeover of Time Warner, renewing the government’s antitrust fight against the merger.

• (NFLX) stock lost 0.54% after over its portrayal of former Prime Minister Rajiv Gandhi.

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