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Morgan Stanley, BofA Rise in Premarket After Earnings; Cisco Falls

Stock MarketsJan 19, 2022 08:54AM ET
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© Reuters.

By Geoffrey Smith 

Investing.com -- Stocks in focus in premarket trading on Wednesday, 19th January. Please refresh for updates. 

  • Procter & Gamble (NYSE:PG) stock rose 1.7% as the consumer giant raised its guidance for organic sales growth after a quarter in which it was able to raise prices for most items.
  • Morgan Stanley (NYSE:MS) stock rose 4.0% after it beat forecasts for quarterly earnings. Strong revenue from equities trading and origination, coupled with a 10% rise in wealth management revenue, led earnings to beat expectations by around 5%.
  • Bank of America (NYSE:BAC) stock rose 3.5% after its quarterly update showed a further release of provisions, along with buoyant revenue from lending and investment banking. The bank wasn’t able to escape the trend of falling revenue from bond trading, but did mitigate it with a strong performance in equities.
  • UnitedHealth (NYSE:UNH) stock rose 0.7% after the U.S.’s biggest health insurer repeated its full-year guidance after an unspectacular set of results. Healthcare services unit Optum, which manages drug benefits and offers healthcare data analytics services, raised revenue by 15%, while adjusted earnings came in around 3% above expectations.
  • Cisco Systems (NASDAQ:CSCO) stock fell 2.4% after Goldman Sachs (NYSE:GS) analysts downgraded it to neutral, saying the stock is now close to fair value.
  • ASML ADRs (NASDAQ:ASML)  rose 3.3% after the Dutch-based maker of chipmaking equipment raised its dividend by around half and forecast another year in which it will struggle to meet buoyant demand for its lithographic machinery. It also announced first orders for a new type of high-end machine.
  • Sony (NYSE:SONY) stock fell another 3.7% in response to the competitive threat to its PlayStation operations from Microsoft's (NASDAQ:MSFT) acquisition of Activision Blizzard (NASDAQ:ATVI). The ADRs had already fallen over 7% on Tuesday.
Morgan Stanley, BofA Rise in Premarket After Earnings; Cisco Falls
 

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Comments (5)
Siamamajeed Abdulmajeed
Siamamajeed Abdulmajeed Jan 19, 2022 11:47PM ET
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I can understand what is this what I should b do?
Mkalawa Clever
Mkalawa Clever Jan 19, 2022 9:37AM ET
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please reply I need help urgent
Marco cuevas
Marco cuevas Jan 19, 2022 9:13AM ET
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LOL you guys not trying to get to optimistic today so we don't fry you in the comments...yeah don't do it this is just a blip in the downturn that the market is in Jan 2022.
Sirjan Magar
Sirjan Magar Jan 19, 2022 9:11AM ET
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Hlo
som sithy
som sithy Jan 19, 2022 9:01AM ET
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hello
Jinh Jing
Jinh Jing Jan 19, 2022 9:01AM ET
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Hello
Jinh Jing
Jinh Jing Jan 19, 2022 9:01AM ET
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Hello
 
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