Stocks making the biggest moves premarket: Goldman Sachs, BlackRock, Rigetti Computing, Meta & more
Check out the companies making headlines in premarket trading. JPMorgan Chase — The banking giant reported fourth-quarter results that beat analyst expectations thanks to strong performances from its fixed income and investment banking businesses. The company earned $4.81 per share on revenue of $43.74 billion. Analysts polled by LSEG expected a profit of $4.11 per share on revenue of $41.73 billion. Shares were up more than 1%. Quantum computing stocks — The group rose after Microsoft announced its new Quantum Ready program for businesses, saying: “We are at the advent of the reliable quantum computing era.” Rigetti Computing jumped 8%, and D-Wave Quantum rallied more than 17.5%. IonQ gained 4.8%. Wells Fargo — The bank reported fourth-quarter earnings that beat the Street’s expectations, sending shares higher by 3.2%. The company earned an adjusted $1.42 per share, beating an LSEG forecast of $1.35 per share. Wells also said it expects net interest income to increase 1%-3% in 2025 from the year-earlier period. Goldman Sachs — Shares climbed 2.1% after the bank blew past fourth-quarter expectations , benefitting from rebound in Wall Street deals and stronger-than-expected trading revenue. Goldman posted earnings of $11.95 a share on revenue of $13.87 billion for the period, while analysts polled by LSEG expected $8.22 a share on revenue of $12.39 billion. Digital Realty Trust — Shares of the real estate stock were 1.7% higher in thin premarket trading after an upgrade to buy from hold at Deutsche Bank . The investment firm said Digital Realty should benefit from continued demand for data centers when some of its below market rate leases expire in the years ahead. BlackRock — Shares were up more than 3.7% after the world’s largest asset manager reported fourth-quarter results that beat expectations. The company earned $11.93 per share on revenue of $5.68 billion. Analysts expected a profit of $11.19 per share on revenue of $5.68 billion. Citigroup — The bank gained more than 3% after reporting fourth-quarter results that beat analyst expectations. Citigroup earned $1.34 per share on revenue of $19.58 billion. Analysts expected a profit of $1.22 per share on revenue of $19.49 billion, per LSEG. — CNBC’s Fred Imbert, Jesse Pound, Sean Conlon and Michelle Fox contributed reporting.
