Check out the companies making headlines in premarket trading. JPMorgan — The bank slipped 2.4% despite beating expectations on both lines and reporting lower credit costs than anticipated. However, the bank said net interest income, a key measure of what it makes through lending activities, could be somewhat short of what Wall Street analysts are … Read more
Check out the companies making headlines in midday trading. JPMorgan — The bank fell 5% after disclosing that its net interest income level could fall short of Wall Street analysts’ expectations in 2024, despite beating both top- and bottom-line estimates in its last quarter. CEO Jamie Dimon also underscored the danger of inflationary pressures. Wells … Read more
Check out the companies making headlines in midday trading. CrowdStrike — The cybersecurity company surged 10.8% after topping Wall Street’s quarterly estimates and issuing strong guidance. CrowdStrike reported adjusted earnings of 95 cents per share on $845 million in revenue. Management also reiterated its plan to reach $10 billion in annual recurring revenue by 2030. … Read more
Check out the companies making headlines in midday trading. Apple — Apple dropped about 3%. Counterpoint Research said that iPhone sales in China sank 24% during the first six weeks of 2024 versus the same period a year ago. Target — Target surged nearly 12% after the retailer topped Wall Street’s fourth-quarter estimates . The … Read more
Check out the companies making the biggest moves in premarket trading: Target — Shares of the retailer jumped nearly 8% after a stronger-than-expected fourth-quarter report. Target generated $2.98 in earnings per share on $31.92 billion of revenue. Analysts surveyed by LSEG were looking for Target to earn $2.42 per share on $31.83 billion of revenue. … Read more