Stocks with the largest changes before the market opens: Bank of America, Broadcom, Robinhood, and others

Premarket Stock Movements

Here’s a look at some notable premarket shifts:

Bank of America: Shares jumped over 1% after reporting strong first-quarter results, with revenue hitting $30.43 billion and earnings per share at $1.11. Analysts had anticipated sales of $29.93 billion and earnings of $1.01 per share. The bank’s performance was bolstered primarily by its equity sales and trading division.

Broadcom: The chipmaker’s stock surged more than 2.5% after unveiling plans to provide Meta with a gigawatt of custom chips utilizing Broadcom’s technology. Additionally, CEO Hock Tan announced he would step down from Meta’s board.

Morgan Stanley: Shares increased by 2% following better-than-expected trading revenue, sales, and profits in its first-quarter results. The company reported earnings of $3.43 per share and $20.58 billion in sales, surpassing analysts’ forecasts of $3 earnings per share and $19.72 billion in revenue, as per LSEG.

Snap: The parent company of Snapchat saw a stock increase of over 5% after it disclosed plans to cut as much as 16% of its workforce. This move is aimed at reallocating resources to enhance profitability.

GitLab: Shares rose by more than 5% after announcing an expanded partnership with Google that will enable its artificial intelligence products through Google Cloud. However, the stock has fallen more than 46% in 2026, largely due to worries about AI disrupting software business models.

Robinhood and Webull: Both financial platforms saw their shares climb following news that the Securities and Exchange Commission would remove day-trading restrictions for small retail investors. Robinhood’s stock rose over 5.5%, while Webull gained 6%.

PNC: The regional bank’s shares dipped 1% despite reporting higher profits in its first-quarter results after acquiring FirstBank. Earnings per share were recorded at $4.13, while revenue stood at $6.17 billion, which fell short of the consensus estimate of $3.93 earnings per share and $6.24 billion in revenue.

First Solar: Shares increased more than 4.5% after a report indicated that China might impose restrictions on the export of solar power equipment to the U.S., noting that China produces about 80% of the world’s solar panel manufacturing equipment.

Memory Stocks: Several memory-related stocks declined in premarket trading as investors retreated from strong gains made over the previous ten sessions. SanDisk fell more than 2%, while Western Digital and Seagate Technology each decreased more than 1%. Micron Technology experienced a 2.3% drop after insiders sold 24,000 shares valued at $10.1 million, according to an SEC filing.