Stocks making the biggest moves premarket: Wells Fargo, JPMorgan, Tesla, Stellantis and more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 28 min. at publisher
  • 📊 Quality Score:
  • News: 104%
  • Publisher: 72%

Regwall-Marketmovers News

Sean Conlon,China,Ferrari NV

These are the stocks posting the largest moves in premarket trading.

Check out the companies making headlines in premarket trading. Wells Fargo — Shares of the San Francisco-based lender rose 3% even after the bank reported lower earnings and revenue in the third quarter than a year ago amid an 11% decline in net interest income. Earnings came in at $1.42 per share, which is not likely comparable to the $1.28 cents estimate, based on a survey of analysts by LSEG. Revenue of $20.37 billion came in below the $20.42 billion expected.

The company also confirmed that it's looking for a successor to CEO Carlos Tavares ahead of his retirement in early 2026. Affirm , Flywire — Affirm shares popped 3.1% after Wells Fargo upgraded the buy-now-pay-later stock to overweight from equal weight. Elsewhere in the digital payments space, Wells Fargo downgraded Flywire to equal weight from overweight, sending shares down 2.7%. Mobileye — Shares of the self-driving technology developer retreated by 2.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan, Wells Fargo Earnings: Markets Begin to Assess Rate-Cut Impact TomorrowStocks Analysis by Investing.com (David Wagner) covering: JPMorgan Chase & Co, Wells Fargo & Company. Read Investing.com (David Wagner)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Here's how Wells Fargo thinks Hurricane Milton could impact insurance stocksHere's how Wells Fargo thinks Hurricane Milton could impact insurance stocks
Source: Investingcom - 🏆 450. / 53 Read more »

Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest incomeThe San Francisco-based lender posted $11.69 billion in net interest income, a 11% decrease from the same quarter last year.
Source: nbcsandiego - 🏆 524. / 51 Read more »