NatWest is among the biggest losers on the FTSE 100 today ahead of the release of results on Friday. The stock fell about 2% in morning trading in London, according to Sky News, as it was announced that the company was preparing to pay out about £350 million ($436.43 million) in employee bonuses.
According to analysts’ estimates in November, the bank is expected to report pre-tax profit of £6 billion and total revenue of £14.6 billion for the current year on Friday.
The report comes after market jitters in October when the bank cut its net interest margin (NIM) forecast for the year, leading to a decline in its share price.
AstraZeneca (AZN.L)
Drugmaker AstraZeneca is flirting with a two-year low today, continuing the downward trend triggered by its earnings report last week.
Deutsche Bank called its third quarter “disappointing across the board” as the company’s core earnings rose 5% to $1.45 a share, below analysts’ expectations of $1.50 a share. Excluding the impact of foreign exchange, earnings rose 7%.
The stock lost about 1.8% this morning.
Shopify (SHOP)
About 15% of the S&P 500 will report earnings this week, including Shopify on Tuesday.
The stock closed 3.2% higher on Friday and is trading about 1.5% higher in premarket trading today. The share price has also risen by almost 150% since the beginning of the year.
With the boom in online shopping, Shopify’s supporters already have reason to be optimistic about its next earnings release. Still, investors could run into trouble given the shaky economic situation and a higher bankruptcy rate among small businesses using the platform.
Coinbase (COIN)
Crypto exchange Coinbase will also announce its quarterly results on Thursday this week – and it could be an interesting report as markets watch for the knock-on effects of major investment groups like BlackRock jumping directly into Bitcoin ETFs at the start of the year.
Bitcoin price surged on Friday, pulling up related crypto stocks and leading to an over 7% gain for Coinbase.
In premarket trading on Monday, the share price was only marginally higher.
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