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Banco Santander, Lloyds Banking And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Published 05/02/2024, 10:21
Updated 05/02/2024, 11:40
© Reuters. Banco Santander, Lloyds Banking And Other Big Stocks Moving Lower In Monday's Pre-Market Session
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Monday.

Shares of Banco Santander, S.A. (NYSE: SAN) shares fell sharply during today’s pre-market trading.

Iranian entities reportedly used accounts at Lloyds Banking Group and Banco Santander to evade U.S. sanctions.

The Iranian entities, including the Islamic Revolutionary Guard Corps, used the British and Spanish banks to bypass U.S. sanctions, reported the Financial Times on Sunday. The IRGC is a branch of the Iranian Armed Forces and has been designated as a terrorist organization by the U.S.

Banco Santander shares declined 6.9% to $3.89 in pre-market trading.

Here are some big stocks recording losses in today’s pre-market trading session.

  • Cytokinetics, Incorporated (NASDAQ: CYTK) shares declined 7.9% to $75.40 in pre-market trading.
  • Groupon, Inc. (NASDAQ: GRPN) shares declined 6.5% to $13.12 in pre-market trading.
  • BigCommerce Holdings, Inc. (NASDAQ: BIGC) shares fell 4.4% to $7.98 in pre-market trading after gaining 2% on Friday. BigCommerce is expected to report its financial results for the fourth quarter, before the opening bell on Feb. 22, 2024.
  • KB Financial Group Inc. (NYSE: KB) shares fell 3.4% to $47.80 in pre-market trading after gaining around 7% on Friday.
  • Topgolf Callaway Brands Corp. (NYSE: MODG) shares declined 3.8% to $13.00 in pre-market trading.
  • Arcadium Lithium plc (NYSE: ALTM) shares fell 3.2% to $4.53 in pre-market trading. Arcadium Lithium is projected to release fourth quarter 2023 earnings results after the closing bell on Feb. 22, 2024.
  • Lloyds Banking Group plc (NYSE: LYG) shares fell 2.4% to $2.06 in pre-market trading. Iranian entities reportedly used accounts at Lloyds Banking Group and Banco Santander to evade U.S. sanctions.

Now Read This: Investor Optimism Improves Following Tech Earnings, Jobs Data; S&P 500 Gains For 4th Week

Don’t forget to check out our premarket coverage here

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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