Dow and S&P 500 futures rise after CPI cools on core as JPMorgan kicks off earnings

Goldman Sachs Group Inc shares were up about 1.1% at $949.55 in after-hours trading on Monday, after swinging between $927.40 and $950.55 during the session.

Goldman Sachs shares ended Friday 0.4% higher at $938.98, recovering from a volatile start to the year and staying close to their early-January peaks. So far in January, GS has swung between about $932 and an intraday high of $961.69, carving out a narrow range that traders are likely to watch closely on Monday.

Shares of The Goldman Sachs Group Inc closed Friday up roughly 0.4%, finishing at $938.98, gaining $4.15 from Thursday’s close. The stock fluctuated between $932.84 and $946.14 during the session, with around 1.1 million shares changing hands.

Goldman Sachs shares nudged up Friday after the bank said it has a deal to move the Apple Card program to JPMorgan Chase’s Chase, which JPMorgan and Apple said would shift more than $20 billion in card balances to Chase once the transition is finished. Goldman was up 0.5% at $939.12 by midday, versus a 0.1% gain for the Financial Select Sector SPDR ETF; JPMorgan and Morgan Stanley also traded higher. Goldman said the exit should lift fourth-quarter diluted earnings per share by about 46 cents, reflecting a $2.48 billion release of loan-loss reserves — money set aside for expected credit losses — partially offset by a $2.26 billion hit to net revenue from loan write-downs and contract-ending costs plus $38 million of expenses; CEO David Solomon said it “substantially completes” the narrowing of its consumer focus.