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.
>>Search for Highest Dividends by Rate or Yield
|More on Earnings Today's Top Earnings|