Stock futures were slightly higher on Wednesday as the biggest banks reported better-than-expected earnings.
Here are some of the top movers during premarket trading on Wednesday.
1. Goldman Sachs GS | Up 1.7%
Shares of Goldman Sachs (GS) - Get Goldman Sachs Group Inc. (The) Report were higher after the bank posted better-than-expected first-quarter earnings thanks in part to surging investment bank revenue.
Goldman Sachs earned $18.60 a share on revenue of $17.7 billion.
2. JPMorgan Chase JPM | Down 0.7%
Shares of JPMorgan Chase (JPM) - Get JP Morgan Chase & Co. Report slipped even after the biggest U.S. bank reported first-quarter earnings and revenue that exceeded analysts' expectations. The bank released $5.2 billion in provisions for bad loans.
JPMorgan posted earnings of $14.3 billion, or $4.50 a share, on revenue of $33.12 billion.
3. Bed Bath & Beyond BBBY | Down 8.1%
Shares of Bed Bath & Beyond (BBBY) - Get Bed Bath & Beyond Inc. Report fell after the home-goods retailer posted a double-digit decline in fiscal fourth-quarter sales. Store closures and divestments, part of a larger turnaround plan, weighed on results.
Revenue fell 16% to $2.6 billion, shy of analysts' consensus estimate of a $2.63 billion tally.
The chain "[starts] fresh in 2021" with "sharpened size and scale, a healthier portfolio of core banners and a stronger financial position to execute the first phase of our 3-year transformation journey," Chief Executive Mark Tritton said in a statement.
4. Discovery DISCA | Down 4.7%
Discovery (DISCA) - Get Warner Bros Discovery Inc Com Ser A Report shares were lower after Credit Suisse reported that it was still unloading its positions in the media company following the implosion of Archegos Capital Management hedge fund.