Top Stories in Premarket Trading
JPMorgan Chase
JPMorgan Chase reported impressive fourth-quarter results, surpassing analyst expectations with strong performances in its fixed income and investment banking sectors. The company earned $4.81 per share on revenue of $43.74 billion, exceeding the predicted $4.11 per share on revenue of $41.73 billion. Shares surged over 1%.
Quantum Computing Stocks
Quantum computing stocks saw a boost after Microsoft introduced its new Quantum Ready program for businesses, signaling the onset of the reliable quantum computing era. Rigetti Computing rose by 8%, D-Wave Quantum rallied over 17.5%, and IonQ gained 4.8%.
Wells Fargo
Wells Fargo outperformed expectations in its fourth-quarter earnings report, leading to a 3.2% increase in shares. The bank earned an adjusted $1.42 per share, topping the forecast of $1.35 per share. Additionally, Wells projected a 1%-3% growth in net interest income for 2025 compared to the previous year.
Goldman Sachs
Shares of Goldman Sachs jumped 2.1% after the bank exceeded fourth-quarter expectations, benefiting from a rebound in Wall Street deals and strong trading revenue. Earnings of $11.95 per share on revenue of $13.87 billion outperformed the estimated $8.22 per share on revenue of $12.39 billion.
Digital Realty Trust
Digital Realty Trust saw a 1.7% increase in premarket trading following an upgrade to "buy" from "hold" at Deutsche Bank. The investment firm highlighted the potential benefits for Digital Realty as demand for data centers continues to grow.
BlackRock
Shares of BlackRock rose by more than 3.7% after the asset manager reported fourth-quarter results that surpassed expectations. The company earned $11.93 per share on revenue of $5.68 billion, beating the predicted $11.19 per share on revenue of $5.68 billion.
Citigroup
Citigroup gained over 3% post its fourth-quarter results announcement, which exceeded analyst expectations. Earnings of $1.34 per share on revenue of $19.58 billion outperformed the estimated $1.22 per share on revenue of $19.49 billion.
Contributions by Fred Imbert, Jesse Pound, Sean Conlon, and Michelle Fox.
