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JPMorgan, Sherwin-Williams Fall; Wells Fargo, ODP Rise

JPMorgan, Sherwin-Williams Fall; Wells Fargo, ODP Rise

Stocks that traded heavily or had substantial price changes Friday:

NEW YORK: Stocks that traded heavily or had substantial price changes Friday:

Sherwin-Williams Co., down $8.93 to $308.46.

The paint maker reported disappointing fourth-quarter earnings as raw materials shortages and supply chain problems crimped operations.

Boston Beer Co., down $39.65 to $449.33.

The maker of Sam Adams beer warned it will miss its 2021 earnings target as it faces inventory shortages and higher supply chain costs.

Las Vegas Sands Corp., up $5.33 to $42.99.

Gaming legislation changes in Macau are reportedly beneficial to the casino operator.

ODP Corp., up $1.29 to $42.54.

The parent of Office Depot is delaying a split-up of its businesses to review a new buyout offer.

JPMorgan Chase & Co., down $10.34 to $157.89.

Investors were disappointed by the bank’s latest financial results, which showed profits fell as its trading business slumped.

Wells Fargo & Co., up $2.06 to $58.06.

The bank reported encouraging fourth-quarter financial results.

Occidental Petroleum Corp., up $1.36 to $35.51.

U.S. crude oil prices rose and helped lift energy stocks.

Freeport McMoRan Inc., down 25 cents to $44.08.

Slumping copper prices weighed down the mining company.

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first published:January 15, 2022, 02:51 IST