Goldman Sachs, Boeing and Ford Rise Premarket; Bank of America Falls

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Goldman Sachs, Boeing and Ford Rise Premarket; Bank of America Falls

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, July 18th. Please refresh for updates.

  • Bank of America (NYSE: BAC ) stock fell 0.6% after the lender reported a drop in second-quarter profit, hit by a slump in investment banking revenue as underwriting activity stood at a fraction of last year's record levels.

  • Goldman Sachs (NYSE: GS ) stock rose 3.8% after the influential investment bank beat quarterly earnings expectations handily on the back of strong bond trading results.

  • JPMorgan (NYSE: JPM ) stock rose 0.8% after Reuters reported that the U.S. lender has hired Kelvin Goh from rival Citigroup to be its head of financial institutions group for Asia-Pacific.

  • Amazon (NASDAQ: AMZN ) stock rose 1.4% after the online retail giant said it will match UK grocery market leader Tesco's prices on hundreds of products, seeking an edge amid a deteriorating cost of living crisis.

  • Alphabet (NASDAQ: GOOGL ) stock rose 1.7% after the owner of search engine Google completed a 20-for-1 stock split.

  • Boeing (NYSE: BA ) stock rose 4.1% after Delta Air Lines (NYSE: DAL ), up 2.2%, announced plans to buy 100 737 Max 10 planes, its first major order for new aircraft from the U.S. manufacturer in more than a decade.

  • Ford (NYSE: F ) stock rose 1.9% after the auto giant unveiled the F-150 Raptor R, a new version of its high-performance, off-road pickup in an attempt to beef up profit margins.

  • Yum! Brands (NYSE: YUM ) stock rose 3.6% after Goldman Sachs upgraded its stance on the chain of fast food restaurants to ‘buy’ from ‘neutral’, saying it is well positioned to cope with a slowdown in consumer spending.

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