Bell: Check out the companies that make headlines before Jpmorgan Chase. Shares rose more than 2% after bank revenues surpassed Wall Street estimates in the first quarter. JPMorgan reached revenue of $46.01 billion over the period of $460.1 billion, exceeding the $441.1 billion predicted by analysts surveyed by LSEG. CEO Jamie Dimon also warned that the economy is facing “substantial turbulence.” Morgan Stanley – The bank has made more than 3% ahead of its first quarter revenue results that exceeded expectations. Morgan Stanley reported revenues of $2.60 per share at $177.4 billion, while analysts reported revenues of $2.20 per share and revenues of $165.8 billion. BLACKROCK – Asset Manager earned nearly 2% after posting first-quarter profit of $11.30 per share, exceeding the $10.14 per share voted by LSEG. Meanwhile, BlackRock’s $5.28 billion revenues fell below an estimated $5.34 billion. Wells Fargo – The stock has acquired more than 1% after banks’ first quarter revenues rose 16% year-on-year. However, revenue missed analysts’ expectations, with Wells Fargo hitting $20.15 billion compared to a consensus estimate of $20.75 billion per LSEG. Bank of New York Melon – Stocks rose 2% in light trading volume after banks reported first quarter financial results that exceeded expectations. Earnings were $1.58 per share, beating the expected earnings per share of $1.50 per share, FactSet voted on. The revenue was $4.79 billion, a consensus estimate of $4.766 billion. Newmont Corporation – Gold Producer bought it from Neutral with 3% jump right after the UBS upgrade. UBS said the gold macro environment is “gradually supportive” and that the company has strong cash revenues. NVIDIA – Chip Giant rose almost 1%, turning the course back from the nearly 6% drop seen in the previous session. Stock is at a pace to close a week in positive territory, up over 14% amid tariff volatility. -CNBC’s Alex Hurling, Lisa Kailay Han and Michel Fox Theobaldo contributed to the report.
Stock localities making the biggest move: JPM, NEM, WFC
