NEW YORK ( TheStreet) -- General Electric ( GE) reported consensus-topping fourth-quarter earnings.

The company earned 36 cents a share in the fourth quarter, beating the average analyst estimate of 32 cents on solid equipment orders.

Shares of General Electric rose 3.2% to $19.02 in premarket trading Friday.

Bank of America ( BAC) reported a fourth-quarter net loss of $1.2 billion, or 16 cents a share, including a goodwill impairment charge of $2 billion in the Home Loans and Insurance segment vs. loss of $194 million, or 60 cents a share, the year before.

Excluding the charge, the company had adjusted earnings of 4 cents a share. The consensus expectation called for earnings of 14 cents a share.

Shares of Bank of America fell 1.9% to $14.27.

Royal Bank of Scotland ( RBS) shares were jumping by 6.5% to $14.35 as Reuters reported that the bank and Britain's Treasury are discussing RBS' possible early exit from the government asset protection scheme.

Cabot Oil & Gas ( COG) was rising 2.1% to $39.10 on news that the stock was upgraded to overweight from underweight by Morgan Stanley.

Google ( GOOG) reported a much stronger-than-anticipated profit for its fourth quarter and announced a shake-up of its management.

Shares of Google rose 2.2% to $640.45 in early trading Friday.

Hewlett-Packard ( HPW) named five new members to its board Thursday, including two former high-profile tech CEOs.

Shares of the company were flat at $46.82.

Warner Music ( WMG) hired Goldman Sachs to seek out potential buyers for the company, one of the major four record companies, the New York Times reports.

Warner Music surged by 13.6% to $5.36.

Schlumberger ( SLB), the oilfield services company, reported fourth-quarter adjusted earnings of $1.16 billion, or 85 cents a share, numbers that came in above analysts' estimates and year-earlier results.

Shares of the company were up 2.5% to $87.40 in early trading.

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-- Written by Andrea Tse in New York.

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