Goldman Sachs, Coinbase and more

Take a look at some of the biggest drivers in the currency markets:

Goldman Sachs (GS) – Goldman rallied 2.6% in pre-market trading, following Optimistic profit and revenue. Second-quarter earnings came in at $7.73 per share, compared with consensus estimates of $6.58 per share. However, Goldman’s profits fell from a year ago due to the slow pace of trading.

Synchronized Finance (SYF) – Shares of the financial services company jumped 3.5% in money markets after the company reported better-than-expected profit and revenue for the second quarter. Synchrony has shown positive lending and credit growth trends, with consumers remaining strong.

Coinbase (COIN) – Coinbase rallied 6.5% in crypto action, with shares of the crypto exchange operator one of several crypto-related stocks rising after the value of bitcoin and ether rose in overnight trading.

Bank of America (BAC) – Bank of America down 2 cents a share due to anticipation with quarterly earnings of 73 cents per share, though revenue was slightly higher than Wall Street forecasts. Bank of America’s results were hit by a sharp drop in investment banking revenue. The stock initially fell 1.7% in the money markets but later covered those losses.

Twitter (TWTR) – Elon Musk apply to the court late Friday sought to deny Twitter’s request for an emergency hearing on his move to end his $44 billion takeover deal.

Boeing (BA) – Boeing has announced that Delta Airlines (DAL) has ordered 100 Boeing 737 Max jets and also said that the company is very close to resuming deliveries of its 787 Dreamliner. Boeing rose 4.2% in pre-market trading.

Seagen (SGEN) – The end of Merck’s (MRK) The $40 billion deal to buy Seagen will be delayed, people familiar with the matter have told The Wall Street Journal. The delay stems from waiting for data evaluating a Seagen treatment study. Shares fell 2.9% in money markets.

Starbucks (SBUX) – Starbucks rallied 1% in money markets after the Sunday Times reported that the coffee chain was looking into the possibility of selling its UK operations.

GlaxoSmithKline (GSK) – The company formerly known as GlaxoSmithKline has completed the transformation of its consumer health business into a separate company called Haleon, which includes well-known brands such as Advil and Sensodyne. GSK fell 1.3% in currency markets.

Paramount Global (PARA) – Shares of the media company lost 1.8% in pre-market trading after Morgan Stanley downgraded it to “lightweight” from “equivalent weight”, noting the possibility of investors advertisers and consumers back in a recession scenario.

Del Monte fresh produce (FDP) – Shares of the fruit and vegetable company rose 2.8% in pre-market trading after Bloomberg reported that private equity firm I Squared Capital is considering a takeover, as an option to expand. partnership agreement signed in 2021.

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