Wells Fargo: Investment Banking Boosts Profits +5.8%

Wells Fargo's stock rose following the announcement of a significant increase in its fourth-quarter profits. The bank reported a net income of $5.08 billion compared to $3.45 billion a year earlier. This growth was driven by a 59% increase in investment banking fees.

Goldman Sachs: Doubling Profits Surpass Expectations +5.9%

Goldman Sachs saw its stock rise after reporting a doubling of its fourth-quarter net income to $4.11 billion, significantly exceeding analyst expectations. The bank's net revenue increased by 23% year-over-year to $13.87 billion, surpassing the anticipated $12.36 billion. The earnings per share also exceeded forecasts.

BlackRock: Record-Breaking Year +3.3%

BlackRock 's shares gained momentum as the company reported exceptional results for 2024, with record net inflows of $641 billion for the year. The firm's assets under management reached a historic high of $11.551 trillion, marking a 15% increase year-over-year. BlackRock's strategic acquisitions, including Global Infrastructure Partners and Preqin, contributed to its growth potential. The company's revenue surged by 14% to over $20 billion for the year, with significant contributions from its technology platform, Aladdin. 

Bank of New York Mellon: Earnings and Revenue Growth +5.7%

Bank of New York Mellon's stock rose by 1.7% in pre-market trading after reporting a strong fourth-quarter performance. The bank's adjusted earnings per share increased to $1.72, surpassing the expected $1.58. Total revenue for the quarter was $4.85 billion, exceeding the anticipated $4.66 billion. 

Robinhood: Settlement with SEC +8.9%

Robinhood's stock jumped following the announcement of a $45 million settlement with the U.S. Securities and Exchange Commission. The settlement addressed charges related to record keeping, trade reporting, and other violations. The SEC found that Robinhood failed to comply with various regulatory requirements. Investors initially feared a higher fine.

Beacon Roofing Supply: Acquisition Proposal by QXO + 9.1%

Beacon Roofing Supply's stock experienced a significant boost after QXO announced a proposal to acquire the company for $124.25 per share, valuing the transaction at approximately $11 billion. This acquisition offer represents a premium over Beacon Roofing Supply's current market value, leading to increased investor interest and a positive impact on the stock price.