2 months ago
Stock Market

Stocks - Goldman Sachs, Bank of America Rise in Premarket, Snap, Nordstrom Tumble

Investing.com - Stocks in focus in premarket trade Wednesday: • Goldman Sachs (NYSE:GS) stock gained 2.86% by 7:58 AM ET (12:58

Investing.com - Stocks in focus in premarket trade Wednesday:

• Goldman Sachs (NYSE:GS) stock gained 2.86% by 7:58 AM ET (12:58 GMT) after the company reported fourth-quarter results that beat consensus on the top and bottom lines.

• Bank of America (NYSE:BAC) stock jumped 5.01% after the company reported fourth quarter results that topped analysts’ expectations.

Snap Inc (NYSE:SNAP) stock tumbled 9.94% after the company announced that its Chief Financial Officer Tim Stone was resigning.

• Nordstrom (NYSE:JWN) stock plunged 8.59% after the company admitted that its holiday sales were below its expectations.

• United Continental (NASDAQ:UAL) stock jumped 5.79% as the company’s fourth-quarter results topped consensus and its first-quarter profit outlook was also better than expected.

• First Data (NYSE:FDC) stock soared 23.49% after Fiserv announced it would acquire the company in an all-stock transaction valued at approximately $22 billion. Shares in Fiserv (NASDAQ:FISV) were off 2.16%.

• Verizon (NYSE:VZ) stock dropped 0.17% amid news that it will include free Apple (NASDAQ:AAPL) Music subscriptions to some of its data plans.

• Ford Motor (NYSE:F) stock declined 2.15% after the company gave a forecast for fourth-quarter earnings that missed analysts’ expectations.

• PG&E (NYSE:PCG) fell another 9.84% amid concern that an arcane Californian law, called "inverse condemnation", could keep it on the hook for future wildfire damage even if negligence can't be proved against it.

• Salesforce.com (NYSE:CRM) stock dropped 0.53% after a report that the company was in talks to acquire ClickSoftware Technologies.