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Trending tickers: NatWest, AstraZeneca, Shopify, Coinbase

Lucy Harley-McKeown
·2-min read
People walk past a Natwest Bank branch in central London, Britain November 22, 2023. REUTERS/Isabel Infantes
NatWest is among the biggest fallers in the FTSE 100 today. (REUTERS / Reuters)

NatWest (NWG.L)

NatWest is among the biggest fallers in the FTSE 100 today ahead of its earnings release on Friday. It fell about 2% in morning trade in London as news broke that it is preparing to pay out about £350m ($436.43m) in staff bonuses, according to Sky News.

The bank is predicted to report a pre-tax profit of £6bn for the year on Friday, with an income totalling £14.6bn, according to analysts' consensus from November.

The report comes after market jitters in October when the bank lowered its forecast net interest margin (NIM) for the year, causing its share price to drop.

AstraZeneca (AZN.L)

Drugs maker AstraZeneca is flirting with two-year lows today, continuing a downward trajectory sparked last week by its earnings report.

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DeutcheBank called its third quarter "thoroughly underwhelming" as the company's core earnings climbed 5% to $1.45 per share, missing analysts' expectations for $1.50 a share. Excluding the impact of exchange rates, earnings jumped 7%.

Stock was down about 1.8% this morning.

Shopify (SHOP)

About 15% of the S&P 500 is set to report earnings this week, Shopify among them on Tuesday.

The stock closed 3.2% higher on Friday and is about 1.5% higher in premarket today. The share price is also up nearly 150% for the year to today.

With a boom in online shopping, those backing Shopify already have cause to be positive about the next earnings release. Despite this, with a shaky economic backdrop and a higher rate of insolvencies among small businesses that use the platform, there could be some trouble ahead for investors.

Coinbase (COIN)

Crypto exchange Coinbase will also report quarterly earnings on Thursday this week – and it could be an interesting one as markets watch for knock-on effects of investment majors like BlackRock muscling in on spot Bitcoin ETFs earlier in the year.

Bitcoin's price jumped on Friday, lifting associated crypto stocks with it and leading to a more than 7% uplift for Coinbase.

The stock is only marginally higher in premarket on Monday.

Watch: Apple 'needs to execute' as patience thins in Mag 7: Analyst

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