Top US stocks to watch before the bell: Morgan Stanley, BNY Mellon and NXP

Morgan Stanley and Bank of New York Mellon beat expectations, the global chip shortage ramps up tension for Stellantis and NXP Semiconductors, Eli Lilly looks to tweak its covid-19 antibody, Google comes under further attack in Australia, and Grab eyes a secondary listing.

USA (1)

Morgan Stanley

Morgan Stanley said profits surged higher in the first quarter of 2021, smashing expectations, as an explosion in deal making benefited its investment banking division and heightened trading activity boosted its securities division. The company said net income attributable to shareholders jumped to $2.19 per share from just $1.01 a year ago. That was well ahead of the $1.70 forecast by analysts.

Bank of New York Mellon

Bank of New York Mellon also beat expectations after reporting revenue of $3.92 billion and EPS of 97 cents in the first quarter. Although that beat analyst expectations for $3.85 billion in revenue and EPS of 87 cents, it represented a 5% year-on-year fall in revenue and an 8% drop in earnings.


Citigroup is hiring 300 relationship managers in Hong Kong as part of plans to triple the number of clients and double the amount of assets under management for its wealth division in Asia. The news comes the day after Citigroup said it was withdrawing from 13 consumer banking markets across Asia and Europe to instead focus on Asia.

PNC Financial

PNC Financial’s first-quarter earnings came in considerably higher than expected while revenue was broadly in line with estimates. First-quarter revenue of $4.10 billion and earnings per share of $4.10 compared to analyst expectations for revenue of $4.10 billion and EPS of $2.75.

Stellantis and NXP Semiconductors

A federal judge will decide later today whether an emergency order should be granted to force NXP Semiconductors to supply chips to a supplier of carmaker Stellantis, amid a global supply shortage.

JVIS-USA has claimed that it will have to shut its Detroit factory if it does not secure the chips it needs to help control the heating, cooling and ventilation systems of the Jeep Grand Cherokee and other cars made by Stellantis. The supplier has warned production could cease as early as April 19 without the chips.

NXP argues that it has no contractual relationship with JVIS-USA and is therefore not obliged to send the chips, which the supplier usually sources from other companies rather than NXP itself.


Alphabet-owned Google misled consumers about the personal location data it collects through Android mobile devices, an Australian court has found.

The court found that Google wrongly told customers that it could not collect location data if it was switched off, but was still able to access that data if other settings were left turned on. The Australian Competition & Consumer Commission is seeking to impose a penalty on Google as a result, although the size of any potential fine is not known.

Eli Lilly

Eli Lilly has asked the Food & Drug Administration to revoke the emergency authorisation granted for its Covid-19 antibody, bamlanivimab, because it wants to change its plans by combining it with another drug named etesevimab.

The FDA stopped using the drug last month after it was found bamlanivimab was ineffective against new variants of the virus, which has prompted Eli Lilly to introduce a new drug to compliment it and allow it to fight new strains of the virus.


Grab, the Asian ride-hailing and food delivery giant that is set to list in the US through a SPAC deal, is reported to be eyeing a secondary listing in Singapore once it has joined the Nasdaq, according to Reuters.

The company has struck a $40 billion deal to merge with a blank cheque company to join the Nasdaq, marking the biggest deal of its kind, and is contemplating a Singapore listing to allow customers, staff and partners in the region it operates to access its stock.

How to trade top US stocks

You can trade US stocks with City Index using spread-bets or CFDs, with spreads from 0.1%.

Follow these easy steps to start trading the opportunities with US stocks.

  1. Open a City Index account, or log-in if you’re already a customer.
  2. Search for the company you want to trade in our award-winning platform
  3. Choose your position and size, and your stop and limit levels
  4. Place the trade 

More from Equities


This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.

StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.

In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.

StoneX Financial Pte. Ltd. is not under any obligation to update this report.

Trading CFDs and FX on margin carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit for the complete Risk Disclosure Statement.