Goldman Sachs, Boeing and Ford Rise Premarket; Bank of America Falls
2022.07.18 15:38
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Monday, July 18th. Please refresh for updates.
-
Bank of America (NYSE:BAC) stock fell 0.6% after the lender reported a drop in second-quarter profit, hit by a slump in investment banking revenue as underwriting activity stood at a fraction of last year’s record levels.
-
Goldman Sachs (NYSE:GS) stock rose 3.8% after the influential investment bank beat quarterly earnings expectations handily on the back of strong bond trading results.
-
JPMorgan (NYSE:JPM) stock rose 0.8% after Reuters reported that the U.S. lender has hired Kelvin Goh from rival Citigroup to be its head of financial institutions group for Asia-Pacific.
-
Amazon (NASDAQ:AMZN) stock rose 1.4% after the online retail giant said it will match UK grocery market leader Tesco’s prices on hundreds of products, seeking an edge amid a deteriorating cost of living crisis.
-
Alphabet (NASDAQ:GOOGL) stock rose 1.7% after the owner of search engine Google completed a 20-for-1 stock split.
-
Boeing (NYSE:BA) stock rose 4.1% after Delta Air Lines (NYSE:DAL), up 2.2%, announced plans to buy 100 737 Max 10 planes, its first major order for new aircraft from the U.S. manufacturer in more than a decade.
-
Ford (NYSE:F) stock rose 1.9% after the auto giant unveiled the F-150 Raptor R, a new version of its high-performance, off-road pickup in an attempt to beef up profit margins.
-
Yum! Brands (NYSE:YUM) stock rose 3.6% after Goldman Sachs upgraded its stance on the chain of fast food restaurants to ‘buy’ from ‘neutral’, saying it is well positioned to cope with a slowdown in consumer spending.
