Investing.com -- US stock futures rose Wednesday, buoyed by solid corporate earnings ahead of the release of the key monthly consumer inflation report.
Here are some of the biggest premarket US stock movers today:
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Goldman Sachs (NYSE:GS) stock rose 2.2% after the investment bank’s profit more than doubled in the fourth quarter, driven by strong reading results.
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Wells Fargo (NYSE:WFC) stock rose 3.2% after the lender reported better-than-expected results in the fourth quarter, buoyed by stronger investment banking earnings.
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JPMorgan Chase (NYSE:JPM) stock rose 0.4% after the investment banking giant posted record annual profit as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter.
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Tesla (NASDAQ:TSLA) stock rose 1.1%, bouncing after the prior session’s losses despite Bloomberg reporting the EV manufacturer plans to temporarily suspend sections of its Shanghai factory lines producing the refreshed Model Y sport utility vehicle for around three weeks over the Chinese New Year.
- Apple (NASDAQ:AAPL) stock rose 0.3% after Bank of America said the iPhone maker’s gross margins "continue to march higher."
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BNY Mellon (NYSE:BK) stock rose 2.6% after the lender reported a 27% jump in its fourth-quarter profit as it earned higher investment services fees from its clients.
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Eli Lilly (NYSE:LLY) stock rose 0.2% following Bank of America advising its clients to buy the dip in the drugmaker’s shares, after it posted weaker-than-expected fourth quarter revenue.
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Blackrock (NYSE:BLK) stock rose 2.7% after the world’s largest money manager posted a 21% jump in profit, with its fee income buoyed by stronger equity markets.