Stocks in focus in premarket trading on Monday:
- Goldman Sachs (NYSE:GS) 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:WFC) stock was down 1.6% after the bank lowered its outlook for net interest income on Friday.
- Citigroup (NYSE:C) 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:BA) 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:WM) stock gained 3.99% on news that it is buying Advanced Disposal in a $5 billion deal.
- Best Buy (NYSE:BBY) 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:ADS) slumped 4.8% after announcing it is selling its Epsilon unit to French advertising group Publicis (PA:PUBP).
