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Today's Morning Movers and Top Ratings: JPM, C, WFC, GTLB and More

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Movers and Shakers wrote a column · Apr 12 07:23
Morning Movers
Gapping up
$Citigroup(C.US)$ shares increased by more than 2% after the bank reported revenue of $21.1 billion, surpassing analysts' expectations.
$Blackrock(BLK.US)$ 's stock grew by 2% following a quarterly report that exceeded expectations, with earnings per share of $9.81 on revenue of $4.73 billion.
$Globe Life(GL.US)$ shares surged approximately 9% in extended trading on Friday, recovering from a more than 50% drop in the previous session.
$Mobileye Global(MBLY.US)$ shares rose by 2% after Wolfe Research upgraded the company to outperform, suggesting the downside risk has diminished.
$Gitlab(GTLB.US)$ stock went up by 2.5% after an upgrade to outperform by Raymond James, with expectations of sustained growth and improved profitability.
Gapping down
$JPMorgan(JPM.US)$ stock declined by 2.4% despite beating earnings expectations, with concerns about net interest income and remarks on inflationary pressures.
$Wells Fargo & Co(WFC.US)$ shares experienced fluctuations but recently showed a modest uptick of less than 1%, despite a reported decline in net interest income.
$Paramount Global-B(PARA.US)$ shares fell around 1% after the company's announcement to reduce its board size amidst merger discussions with Skydance.
$Corteva(CTVA.US)$ stock decreased by 2.6% following a downgrade by JPMorgan to neutral from overweight, due to less attractive prospects ahead of first-quarter earnings.
$Ciena(CIEN.US)$ shares dropped by 1.3% after Citi initiated coverage with a sell rating, citing that the AI opportunity for the company is more distant than investors might expect.
Source: CNBC; Investing.com
US Top Rating Updates on 04/12
Today's Morning Movers and Top Ratings: JPM, C, WFC, GTLB and More
Source: Dow Jones
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