Stocks – Goldman Sachs, Boeing Fall Premarket; Waste Management Rises –

© Reuters. – Stocks in focus in premarket trading on Monday:

  • Goldman Sachs (NYSE:) stock fell 1.75% by 8:42 AM ET (12:42GMT) after its revenue disappointed due to market conditions, even as its earnings rose.
  • Wells Fargo (NYSE:) stock was down 1.6% after the bank lowered its outlook for net interest income on Friday.
  • Citigroup (NYSE:) stock rose 0.86% after it reported earnings of $1.87 per share, compared to expectations of EPS of $1.80, while its revenue was less than expected. The results follow news of President Jamie Forese’s retirement on Thursday. He was thought to be a potential successor to CEO Michael Corbat.
  • Boeing (NYSE:) stock slipped 1.16% after news that American Airlines has joined Southwest in cancelling all 737 Max 8 flights over the summer high travel season.
  • Waste Management (NYSE:) stock gained 3.99% on news that it is buying Advanced Disposal in a $5 billion deal.
  • Best Buy (NYSE:) stock was down 1.2% after its board elected Corie Barry to become the company’s new CEO. Barry is currently chief financial and strategic transformation officer.
  • Alliance Data Systems (NYSE:) slumped 4.8% after announcing it is selling its Epsilon unit to French advertising group Publicis (PA:).
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