Check out the companies that are trending in pre-market trading. JPMorgan — The bank fell 2.4% despite beating expectations in both areas and reporting lower-than-expected credit costs. But the bank said its net interest income, a key measure of income from lending activities, may fall slightly short of the levels expected by Wall Street analysts in 2024. CEO Jamie Dimon also warned of continued inflationary pressures weighing on the economy. Wells Fargo — Wells Fargo’s stock swung after its first-quarter earnings release, but has recently risen less than 1%. The bank beat Wall Street expectations on revenue and bottom line, but reported a decline in net interest income. Citigroup — Shares rose more than 2% as the bank posted $21.1 billion in revenue, according to LSEG (formerly Refinitiv). This beat analysts’ expectations for his $20.4 billion. BlackRock — This investment manager rose 2% after a better-than-expected quarterly report. BlackRock’s earnings per share (excluding items) were $9.81 and sales were $4.73 billion, compared to analysts’ estimates compiled by LSEG of earnings of $9.35 per share and sales of $4.68 billion. It was a million dollars. Globe Life — The insurance company surged about 9% in extended trading Friday, rebounding after falling more than 50% in the previous session. Thursday’s decline followed a report from short seller Fuzzy Panda Research, which said it had taken short positions in the stock, alleging multiple incidents of insurance fraud. PARAMOUNT — Shares fell about 1% after the media company proposed reducing the number of board members from his 11 to seven. This comes amid reports that Paramount is in merger talks with Skydance. Mobileye — Shares rose 2% after Wolf Research upgraded the self-driving vehicle technology company to a better performer than its peers and said much of the downside risk remains behind it after a sharp decline earlier in the year. . GitLab — Shares rose 2.5% on Raymond James after an upgrade to above-market performance. The company expects the software company to see continued growth and improved profitability in the coming years. Corteva — Shares fell 2.6% following JPMorgan’s downgrade from Overweight to Neutral. JPMorgan said the agrochemical company’s stock price was not attractive ahead of its first quarter results. SIENA — Shares fell 1.3% after Citi initiated coverage of the stock with a sell rating, saying the artificial intelligence opportunity for network systems companies is more remote than investors expected. The company’s $44 price target represents about 7% downside from Thursday’s closing price of $47.10. —CNBC’s He Tanaya Machel, Samantha Subin, Sarah Min and Michelle Fox contributed reporting.
JPM, BLK, GL etc.
