(Updated with Citigroup results, ODP)
PARIS, Jan 14 (Reuters) – Key stocks to watch on Friday on Wall Street where futures point to an opening down around 0.7% for the Nasdaq and 0.6% for the S&P-500 and the Dow Jones:
* JP MORGAN CHASE on Friday reported a smaller-than-expected decline in quarterly profit as strong performance in its investment banking business offset a slowdown in retail banking. The title, however, lost 1.3% in transactions before the opening of Wall Street.
* WELLS FARGO gained more than 2% in pre-market after posting a higher profit in the fourth quarter thanks to asset disposals.
* BLACKROCK – The world’s number one asset manager on Friday reported quarterly profit above market expectations and a new record for its assets under management, at more than 10,000 billion dollars (8.732 billion euros). euros).
* CITIGROUP published a 26% drop in its quarterly profit, which nevertheless exceeded expectations thanks to a good performance in the investment banking business. The group has also announced an agreement to sell its retail banking activities in four Southeast Asian markets to United Overseas Bank for around five billion Singapore dollars (3.24 billion euros).
* TESLA plans to start production of its Cybertruck electric pickup by the end of the first quarter of 2023, pushing back the original target of starting production by the end of this year, a source said on Thursday close to the case at Reuters. Separately, chief executive Elon Musk announced on Friday that the cryptocurrency dogecoin is being accepted for payment of automotive group derivatives.
* ALPHABET, TWITTER, META PLATFORMS – The U.S. House of Representatives Committee to Investigate the Assault on the Capitol on January 6, 2021 has subpoenaed the groups Alphabet, Twitter, Meta Platforms and Reddit in order to determine how their platforms have been used to spread false information.
* JOHNSON & JOHNSON – A booster dose of Johnson and Johnson’s COVID-19 vaccine is 85% effective against the risk of hospitalization due to the Omicron variant for one to two months after its administration, the director of the South African Medical Research Council.
* CASINO OPERATORS – The Macau government announced on Friday that it would maintain the number of casino operators authorized in the Chinese region alone to legalize gambling at six. The groups LAS VEGAS SANDS, MGM RESORTS, WYNN RESORTS and MELCO RESORTS, already based in Macao and which feared an opening to competition, gained between 2.8% and 4.7% in pre-market trading.
* ODP gains 10% in pre-market after announcing a postponement of the split of its consumer business with a view to a possible sale of it.
* FORD – RBC lowers its recommendation to “line performance” against “outperformance”.
* HONEYWELL – Berenberg begins tracking industry group to ‘hold’.
* TARGET – JP Morgan has removed the US retailer from its list of preferred stocks. (Laetitia Volga, edited by Sophie Louet)