JPMorgan, Intel, L3Harris up premarket; Delta shares dip
Ahead of U.S. consumer inflation data, JPMorgan Chase shares rose 0.2% in premarket trading, despite the bank reporting a fourth-quarter profit decline due to a one-time charge related to the loss of its Apple credit card partnership.
Excluding the charge, JPMorgan’s quarterly profit increased to $14.7 billion, driven by trading activity, News.Az reports, citing foreign media.
Bank of New York Mellon stock fell 1.7% even as the lender posted higher fourth-quarter profits and raised its target for a key profitability measure, benefiting from rising interest rates and a surge in client asset values amid equity market gains.
Delta Air Lines shares dropped 5% after reporting fourth-quarter adjusted earnings slightly above expectations, though revenue missed estimates and 2026 guidance disappointed investors.
L3Harris Technologies stock surged 12% following news that the U.S. government will invest $1 billion in the company’s expanding rocket motor business.
Intel rose 3.6% and Advanced Micro Devices (AMD) gained 2.6% after KeyBanc upgraded both chipmakers to “overweight” from “sector weight,” citing stronger-than-expected data-center demand and tightening memory supply in the semiconductor sector.
On the downside, Travere Therapeutics tumbled 28% after the FDA requested clarification on the clinical benefit of its therapy for a rare kidney disease. Synopsys shares fell 2.3% after Piper Sandler downgraded the chip design software firm to “neutral” from “overweight,” citing potential prolonged growth headwinds.
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