Stock index futures advanced on Monday, as traders assessed the key inflation data and a slew of earnings reports from banks. Here are five stocks to watch out for:
Citigroup (C) stock rose 2.4% in premarket trade after the firm beat both its top and bottom line estimates in the second quarter. The company’s revenue benefited from growth in each of Citi’s five interconnected businesses, partially offset by a decline in All Other.
JPMorgan Chase (JPM) stock fell 1% before the opening bell even as the firm boosted its guidance for 2025 net interest income as well as expected expenses, while Q2 NII fell slightly short of the consensus estimate.
Wells Fargo (WFC) dipped 3% in premarket trade after the bank trimmed its 2025 net interest income guidance. Q2 earnings beat, while revenue met the consensus estimate. The bank expects 2025 net interest income to be roughly in line with 2024’s $47.7B, compared with its prior guidance expecting a ~1%-3% increase.
BlackRock (BLK) shares fell 1.5% before the opening bell as inflows and revenue missed the average analyst estimates, even after the asset management giant posted higher-than-expected Q2 earnings and assets under management.
Alphabet (GOOG) rose 0.5% in premarket trade as Brookfield Asset Management (BAM) and the company unveiled a framework agreement to secure as much as 3,000 MW of hydroelectric capacity across the U.S., in what the companies said is the world’s largest corporate clean power deal for hydroelectricity.