Stocks making the biggest moves premarket: JPMorgan Chase, Newmont, Wells Fargo and more
Check out the companies making headlines before the bell: JPMorgan Chase — Shares rose more than 2% after the bank’s revenue for the first quarter topped Wall Street’s estimates. JPMorgan posted revenue for the period of $46.01 billion, above the $44.11 billion that analysts surveyed by LSEG were expecting. CEO Jamie Dimon also warned that the economy is facing “considerable turbulence.” Morgan Stanley — The bank advanced more than 3% following its better-than-expected first-quarter earnings results . Morgan Stanley reported earnings of $2.60 per share on revenue of $17.74 billion, while analysts were expecting $2.20 in earnings per share and $16.58 billion in revenue. BlackRock — The asset manager popped nearly 2% after posting first-quarter earnings of $11.30 per share, exceeding the $10.14 per share analysts polled by LSEG had expected. On the other hand, BlackRock’s $5.28 billion in revenue came in below the estimated $5.34 billion. Wells Fargo — Shares gained more than 1% after the bank’s first-quarter earnings saw a 16% increase compared to the prior-year period. Revenue, however, missed analysts’ expectations, with Wells Fargo posting $20.15 billion compared to the consensus estimate of $20.75 billion, per LSEG. Bank of New York Mellon — Shares moved 2% higher in light trading volume after the bank reported first-quarter financial results that topped expectations. Earnings came in at $1.58 per share, beating the $1.50 in earnings per share expected from analysts polled by FactSet. Revenue was $4.79 billion, versus the $4.76 billion consensus estimate. Newmont Corporation — The gold producer jumped 3% on the heels of a UBS upgrade to buy from neutral . UBS said the macro environment for gold is “incrementally more supportive” and that the company has strong cash returns. Nvidia — The chip giant climbed nearly 1%, reversing course from the almost 6% fall seen in the previous session. The stock is on pace to close out the week in positive territory, rising more than 14%, amid tariff volatility. — CNBC’s Alex Harring, Lisa Kailai Han and Michelle Fox Theobald contributed reporting.
