Wells Fargo, Gannett, AMR, Schwab among big movers

Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Wells Fargo & Co., up $6.72 at $27.23

The nation's fifth-largest bank reported milder than expected drop in second-quarter profit and boosted its quarterly dividend by 10 percent.

Gannett Co., down 78 cents at $16.57

Quarterly operating earnings plunged 18 percent from a year ago as advertising revenue continues to weaken, the USA Today publisher said.

AMR Corp., up $1.41 at $5.82

The American Airlines parent reported a smaller-than-expected second-quarter loss, while a drop in crude oil prices also boosted shares.

Alpha Natural Resources Inc., up $10.01 at $104.93

Cleveland-Cliffs Inc. will pay $10 billion in cash and stock for the coal miner, better positioning it to serve growing steel industry demand.

PPL Corp., down $1.14 at $49

The energy and utility company said it may book a third-quarter impairment charge related to invalid emissions allowances worth about $100 million.

Marshall & Ilsley Corp., up $2.01 at $13.60

The regional bank topped Wall Street expectations with quarterly results, though it recorded a hefty provision for expected losses on bad loans.

NASDAQ

Charles Schwab Corp., up $2.74 at $21.96

Higher fee revenue and strong trading activity, fueled by volatility, helped the nation's largest discount brokerage book profit growth amid a tough market.

Intel Corp., up 20 cents at $20.91

The world's largest computer chip maker posted a jump in profit as a domestic slowdown is being offset with a wide product lineup and broad international reach.

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