Check out the companies making headlines in premarket trading. Bank of America — Shares popped 1.5% after the bank earned 89 cents per share for the second quarter, beating the consensus forecast of 86 cents a share from analysts polled by LSEG. But revenue came in at $26.61 billion, slightly below the $26.72 billion figure penciled in by Wall Street. Morgan Stanley — Shares ticked 0.3% lower despite the financial institution beating second-quarter estimates. Morgan Stanley earned $2.13 per share and saw $16.79 billion in revenue, while analysts anticipated earnings of $1.96 a share and $16.07 billion in revenue, per LSEG. Goldman Sachs — The bank stock rose 1.5% after second-quarter earnings surpassed Street predictions. Goldman earned $10.91 per share on $14.58 billion in revenue, while analysts surveyed by LSEG forecast $9.53 a share and $13.47 billion, respectively. ASML — The stock dropped 7% after the semiconductor company warned it may see no growth in 2026, citing macroeconomics and geopolitics. The news sent chip stocks such as Broadcom and AMD lower. Johnson & Johnson — Shares of the pharmaceutical giant rose more than 2% after second-quarter results beat estimates. Johnson & Johnson earned $2.77 per share after adjustments on $23.74 billion of revenue. Analysts surveyed by LSEG were looking for a profit of $2.68 per share and revenue of $22.84 billion. The company also raised its full-year guidance for several metrics, including adjusted earnings. Crypto stocks – Stocks tied to the crypto market bounced on renewed optimism Congress could pass key stablecoin legislation this week. Ether treasury stocks were the biggest gainers: BitMine surged 20%, while SharpLink jumped 14% and Bit Digital gained 5%. Bitcoin proxies advanced too, with MicroStrategy up 1.5% and Mara Holdings rising nearly 3%. Diageo — Shares climbed 3.3% on a Financial Times report , which cited people familiar with the matter, that the Ketel One and Captain Morgan parent’s board is planning to replace CEO Debra Crew. Commvault Systems — Shares of the data protection company rose about 2% after Guggenheim upgraded it to buy from neutral, with a $210 price target that represents roughly 20% upside. Analyst Howard Ma said he expects Commvault could deliver on key metrics that will help it deliver revenue growth and free cash flow margin over 20% this year. GDS — The Chinese data center operator rose about 1% following an upgrade to overweight from neutral at JPMorgan. The bank said that the stock would be a beneficiary of Nvidia resuming the sales of its H20 chips in China. — CNBC’s Lisa Han, Tanaya Macheel, Jesse Pound, Sarah Min and Michelle Fox contributed reporting
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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