Check out the companies making headlines before the bell:
BlackRock (BLK) – BlackRock earned an adjusted $10.42 per share for the fourth quarter, beating the consensus estimate of $10.16, although revenue for the asset manager was slightly below forecasts. Assets under management rose above the $10 trillion mark for the first time.
JPMorgan Chase (JPM) – JPMorgan beat estimates by 32 cents with quarterly earnings of $3.33 per share, while revenue topped forecasts as well. The bank was helped by strong performance at its investment banking unit, but results at its trading operation slowed. JPMorgan shares fell 2.7% in the premarket.
Wells Fargo (WFC) – Wells Fargo gained 2.3% in the premarket after beating estimates on the top and bottom lines for the fourth quarter. Wells Fargo earned an adjusted $1.25 per share, 12 cents above estimates. Overall profit was boosted by the release of loan loss provisions and improving loan demand.
Sherwin-Williams (SHW) – The paint company’s stock fell 3.3% in premarket action after it cut its full year forecast amid supply chain issues that it expects to persist through the current quarter. Sherwin-Williams did say demand remains strong in most of its end markets.
Macau casino stocks – Las Vegas Sands (LVS), Wynn Resorts (WYNN), Melco Entertainment (MLCO) and MGM Resorts (MGM) rallied in premarket trading after Macau’s government said it would limit the number of casino licenses to six. These companies are among the six operating in Macau, with their current licenses due to expire this year. Las Vegas Sands rocketed 10.7%, Wynn surged 10%, Melco soared 12.9% and MGM added 4%.
Walt Disney (DIS) – Disney lost 1.6% in premarket trading after Guggenheim downgraded the stock to “neutral” from “buy,” reflecting lowered predictions for Disney’s direct-to-consumer and parks businesses.
Boston Beer (SAM) – Boston Beer tumbled 8% in the premarket after the brewer cut its annual earnings outlook. The company is being hit by supply chain issues as well as waning growth for its Truly hard seltzer brand.
Virgin Orbit (VORB) – Virgin Orbit successfully launched seven small satellites Thursday, the first launch since the company went public last month. Shares gained 1.1% in premarket trading.
BJ’s Wholesale (BJ) – BJ’s shares lost 3% in premarket action after J.P. Morgan Securities downgraded the warehouse retailer’s stock to “underweight” from “neutral,” reflecting concerns about inflation and a pullback in stimulus measures for consumers.
Bausch Health (BHC) – Bausch Health rallied 3.2% in the premarket following news that its Bausch + Lomb eyecare unit filed to go public and that the unit reported a jump in sales for the nine months ended in September. Bausch Health will remain a majority owner of Bausch + Lomb.
Crash that killed Yonkers Police sergeant under investigation
Best Renderings For The Week Of November 28
VOA and Radio Azadi blocked by Taliban in Afghanistan
Is Ghana vs Uruguay on TV today?
First Springs Protection Zone in Florida approved by FWC commissioners
“Not the homosexual is perverted”: filmmaker Rosa von Praunheim turns 80
Here’s How Often You Really Need to Clean Your Bathroom
Balenciaga are NOT suing creative masterminds behind warped children’s BDSM-themed photoshoot
29 Chill Songs for When You Just Need a Minute to Yourself
Balenciaga campaign features book by Belgian Michael Borremans who is known for depicting naked kids
‘Winter House’: Carl Planned to Breakup With Lindsay if She Kept Drinking, Kyle Cooke Reveals
Prince Harry and Meghan Markle ‘Never Really Wanted’ Their Own Netflix Docuseries
‘The Sopranos’ Actor Lillo Brancato Jr. Returned to Acting Shortly After Being Released From Prison
‘Bridgerton’: Season 3 Will Focus on Penelope and Eloise’s Broken Friendship
Robert Plant’s Solo Songs Achieved What Led Zeppelin Never Could
Auto24 hours ago
GM’s Robotaxi Division To Enter “Large Number Of Markets” In 2023
Tech20 hours ago
Updates From the Mario Movie, The Flash, and More
Wellness20 hours ago
When Postpartum Depression Shows Up as Intense Anger
Travel18 hours ago
Nobu Hospitality and Simon Celebrate Opening of Nobu Hotel & Restaurant at Phipps Plaza
Auto18 hours ago
New BMW M2 With M Performance Parts Debuts At Essen Motor Show
Auto20 hours ago
Tuner Builds Mercedes G 500 On Tracks For Dashing Through The Snow
Auto23 hours ago
BMW USA To Increase Prices By Up To $2,800 From 2023: Report
Lifestyle23 hours ago
An $4 Silk Pillowcase Was a Game-Changer for My Hair & Sensitive Skin