First Republic Bank, KeyCorp And Other Big Stocks Moving Higher In Monday's Pre-Market Session


U.S. stock futures traded higher this morning. Here are some big stocks recording gains in today’s pre-market trading session.

  • First Republic Bank FRC shares jumped 25.5% to $15.51 in pre-market trading. U.S. authorities plan to give First Republic Bank more time to ramp up its balance sheet and have yet to decide on what support, if any, to provide to the troubled lender, according to Bloomberg.
  • Blackbaud, Inc. BLKB shares rose 15% to $66.49 in pre-market trading. Clearlake Capital Group said on Mar. 24, it delivered letter to Blackbaud's board, which contained non-binding proposal.
  • Iovance Biotherapeutics, Inc. IOVA climbed 8.6% to $6.01 in pre-market trading. Iovance Biotherapeutics completed Biologics License Application submission for Lifileucel in advanced melanoma.
  • BridgeBio Pharma, Inc. BBIO surged 8.3% to $16.15 in pre-market trading. BridgeBio is said to attract interest from pharma companies, according to Bloomberg.
  • PacWest Bancorp PACW shares gained 7.9% to $10.30 in pre-market trading. Pacwest Bancorp said, consistent with its announcement on March 17, 2023, the bank continues to benefit from solid liquidity and stabilized deposit balances, with over $11.4 billion in available cash as of March 20, 2023, which exceeds total uninsured deposits of $9.5 billion as of March 20, 2023.

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  • Novartis AG NVS surged 7.1% to $89.53 in pre-market trading after the company disclosed positive topline results from an interim analysis of NATALEE, a Phase III trial evaluating Kisqali® (ribociclib) plus endocrine therapy (ET) in a broad population of patients with hormone receptor-positive/human epidermal growth factor receptor 2-negative (HR+/HER2-) early breast cancer (EBC) at risk of recurrence.
  • KeyCorp KEY climbed 6.3% to $12.61 in pre-market trading. Citigroup upgraded KeyCorp from Neutral to Buy and announced a $20 price target.
  • Qurate Retail, Inc. QRTEA climbed 6% to $0.8943 in pre-market trading.
  • Zions Bancorporation, National Association ZION rose 3.3% to $29.18 in pre-market trading.

Now Read This: Investor Fear Increases Amid Recent Bank Concerns


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