Market Update: JPMorgan, First Republic, SoFi, and USD/JPY Drive Pre-Market Activity.
TL;DR Summary
First Republic Bank shares were halted after falling more than 45% as JPMorgan took control of the beleaguered bank. Meanwhile, Norwegian Cruise Line stock jumped 3% after beating first-quarter expectations, General Motors climbed nearly 3% after being upgraded by Morgan Stanley, and Exxon Mobil shares slid 1.5% after being downgraded by Goldman Sachs. SoFi Technologies also jumped 6% after reporting better-than-expected quarterly results.
Topics:business#exxon-mobil#finance#first-republic-bank#general-motors#jpmorgan-chase#norwegian-cruise-line
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