Advertisement
Australia Markets open in 3 hrs 6 mins
  • ALL ORDS

    8,002.50
    +39.40 (+0.49%)
     
  • AUD/USD

    0.6636
    -0.0030 (-0.4428%)
     
  • ASX 200

    7,749.70
    +34.20 (+0.44%)
     
  • OIL

    77.91
    -0.59 (-0.75%)
     
  • GOLD

    2,319.20
    -35.60 (-1.51%)
     
  • BTC-AUD

    100,385.86
    -2,274.70 (-2.22%)
     
  • CMC Crypto 200

    1,416.94
    +3.99 (+0.28%)
     

First Republic, ExxonMobil fall premarket; JPMorgan, GM rise

Investing.com -- Stocks in focus in premarket trade on Monday, May 1st. Please refresh for updates.

First Republic Bank (NYSE:FRC) stock fell 34% and JPMorgan Chase (NYSE:JPM) stock rose 4.4% after U.S. financial regulators announced earlier Monday that it had taken control of the troubled regional lender and had agreed a deal with JPMorgan for the banking giant to assume all of its deposits.

Norwegian Cruise Line (NYSE:NCLH) stock rose 1.9% after the cruise operator reported a larger narrowing of its quarterly loss than expected, while revenues more than tripled.

Carvana (NYSE:CVNA) stock rose 2.3% after Bloomberg reported that creditors holding about 90% of the used-car company’s bonds have proposed a debt-for-equity swap.

ADVERTISEMENT

Iveric Bio (NASDAQ:ISEE) stock rose 16% after Japan's Astellas Pharma (OTC:ALPMY) said on Monday it agreed to buy the U.S. drugmaker for about $5.9 billion in its biggest acquisition, giving it access to a range of ophthalmology treatments.

Li Auto (NASDAQ:LI) stock rose 3% after the Chinese EV company posted record deliveries in April of over 25,000 vehicles, up from almost 21,000 units delivered in March.

SoFi Technologies (NASDAQ:SOFI) stock rose 4.3% after the online personal finance company reported a smaller quarterly loss than expected, adding that it remains confident it will be profitable by the end of the year.

General Motors (NYSE:GM) stock rose 2.3% after Morgan Stanley upgraded the auto giant to ‘overweight’ from ‘equal weight’, saying the valuation is compelling as the stock is oversold.

ExxonMobil (NYSE:XOM) stock fell 1.6% after Goldman Sachs downgraded the oil major to ‘neutral’ from ‘buy’, citing the stock's outperformance from 2020 as a reason to re-evaluate.

Related Articles

First Republic, ExxonMobil fall premarket; JPMorgan, GM rise

JPMorgan snaps up First Republic's assets in U.S. auction

Distressed Investors Appaloosa, Centerbridge Push for Big Payouts in SVB Bankruptcy