Check out the companies that are trending in intraday trading. Quantum Stocks – Quantum computing stocks rose after Microsoft announced a quantum-ready plan aimed at preparing companies for the rise of quantum computers. Nvidia also announced Quantum Day at its annual GTC conference. Righetti Computing rose more than 18% and DWave Quantum soared nearly 20%. Aeon Q soared 33%. Beacon Roofing Supply – Shares of the specialty building products distributor rose more than 10% to a new 52-week high after QXO announced a proposal to acquire the company for $124.25 per share in cash . This means the total transaction value would be $11 billion. Meanwhile, QXO’s stock price fell about 2% following the announcement. Wells Fargo – Shares of the San Francisco-based lender rose nearly 6% after the bank reported better-than-expected adjusted earnings and strong guidance for 2025 net interest income. The San Francisco-based lender said it expects net interest income in 2025. It is a key indicator of banks’ lending revenue and is expected to increase by 1% to 3% from $47.7 billion in 2024. Goldman Sachs – Shares rose about 5% after the bank’s latest quarterly results beat expectations. According to LSEG, Goldman had earnings of $13.87 billion per share and revenue of $11.95, compared to analysts’ expectations of $8.22 per share and revenue of $12.39 billion. . Citigroup – Shares rose more than 7% after the bank’s better-than-expected fourth-quarter results. Citigroup earned $1.34 per share on revenue of $19.58 billion, compared to consensus estimates for Citigroup of $1.22 per share and revenue of $19.49 billion, according to LSEG. BNY – Shares rose 6% after the bank’s fourth-quarter profit beat Wall Street expectations. BNY, formerly known as Bank of New York Mellon, reported adjusted earnings per share of $1.72 on revenue of $4.85 billion. Analysts surveyed by LSEG expected earnings of $1.56 per share on revenue of $4.66. JPMorgan Chase – The bank’s shares rose 2% after strong fourth-quarter results that beat analysts’ expectations, given the strong performance of JPMorgan’s fixed income and investment banking businesses. JPMorgan reported earnings of $4.81 per share on revenue of $43.74 billion. Analyst estimates compiled by LSEG were for sales of $41.73 billion and earnings of $4.11 per share. BlackRock – Shares rose 4.7% after the world’s largest asset manager reported higher fourth-quarter profits. Adjusted earnings were $11.93 per share, compared with analyst estimates compiled by LSEG of $11.19 per share. Revenue was $5.68 billion, also beating the consensus estimate of $5.49 billion. CBRE Group – Shares rose nearly 5% after Morgan Stanley upgraded the real estate stock from equal weight to overweight. The company cited commercial mortgage-backed securities issuance and spread increases as catalysts for further gains going forward. Calavo Growers – The avocado retailer fell more than 7% after reporting its fiscal fourth quarter and full year results. During the same period, Karabo producers recorded revenue of $170 million, an increase of nearly 20% year-over-year. Additionally, net sales for fiscal 2024 increased 11.4% year-over-year to $661.5 million. —CNBC’s Alex Harring, Samantha Subin, Yun Li, Pia Singh and Michelle Fox contributed reporting.
